Brenmiller Energy Stock Scheduled to Reverse Split on Monday, January 26th (NASDAQ:BNRG)

Shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) are set to reverse split before the market opens on Monday, January 26th. The 1-7 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, January 25th.

Brenmiller Energy Trading Up 6.3%

NASDAQ:BNRG traded up $0.03 during mid-day trading on Thursday, hitting $0.55. 768,400 shares of the company’s stock were exchanged, compared to its average volume of 866,605. Brenmiller Energy has a fifty-two week low of $0.45 and a fifty-two week high of $10.70. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 4.09. The firm has a market capitalization of $2.78 million, a P/E ratio of -0.02 and a beta of -1.10. The company has a 50 day simple moving average of $0.81 and a 200-day simple moving average of $1.52.

Brenmiller Energy (NASDAQ:BNRG) last announced its quarterly earnings results on Tuesday, September 30th. The company reported ($1.90) earnings per share (EPS) for the quarter. The business had revenue of $0.19 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brenmiller Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Brenmiller Energy

An institutional investor recently bought a new position in Brenmiller Energy stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,334 shares of the company’s stock, valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.50% of Brenmiller Energy as of its most recent SEC filing. Institutional investors own 13.23% of the company’s stock.

Brenmiller Energy Company Profile

Brenmiller Energy is a Tel Aviv–based technology company specializing in industrial-scale thermal energy storage solutions. The firm’s core business centers on its proprietary Adiabatic Compressed Air Energy Storage (A-CAES) process, which captures excess or off-peak electricity to drive compressors and store heat in insulated thermal tanks. By re-introducing the stored heat into the compressed air stream at a later time, the system generates clean, dispatchable energy without relying on fossil fuels.

The company’s flagship product, StorageCube, integrates its A-CAES technology with advanced control software to deliver reliable power and high-temperature heat for a variety of applications.