Gore Street Energy Storage Fund (LON:GSF) Stock Price Up 1.5% – Should You Buy?

Gore Street Energy Storage Fund (LON:GSF)’s stock price shot up 1.5% on Tuesday . The company traded as high as GBX 55.50 and last traded at GBX 55. 810,776 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 1,215,083 shares. The stock had previously closed at GBX 54.20.

Analyst Ratings Changes

Separately, Shore Capital restated a “house stock” rating on shares of Gore Street Energy Storage Fund in a report on Friday, November 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell” and a consensus price target of GBX 60.

Gore Street Energy Storage Fund Trading Up 1.5%

The company has a fifty day moving average price of GBX 56.47 and a two-hundred day moving average price of GBX 58.24. The firm has a market cap of £277.80 million, a P/E ratio of -8.66 and a beta of 0.31.

Gore Street Energy Storage Fund (LON:GSF) last posted its earnings results on Monday, December 15th. The company reported GBX (10.67) earnings per share (EPS) for the quarter. Gore Street Energy Storage Fund had a negative return on equity of 1.04% and a negative net margin of 80.72%. As a group, sell-side analysts expect that Gore Street Energy Storage Fund will post 2.9007634 EPS for the current year.

Insider Transactions at Gore Street Energy Storage Fund

In other news, insider Angus Gordon Lennox bought 200,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were purchased at an average price of GBX 55 per share, for a total transaction of £110,000. Also, insider Simon Merriweather acquired 13,000 shares of the stock in a transaction dated Thursday, December 18th. The stock was acquired at an average price of GBX 55 per share, for a total transaction of £7,150. Insiders own 0.10% of the company’s stock.

About Gore Street Energy Storage Fund

About Us: Gore Street Energy Storage Fund plc is London’s first listed energy storage fund, launched in 2018. The Company is the only UK-listed energy storage fund with a diversified portfolio across five grid networks. The Company is one of the principal owners and operators of battery storage facilities in Great Britain and Ireland and owns and operates facilities in Western Mainland Europe and the US. It is listed on the Premium Segment of the London Stock Exchange and included in the FTSE All-Share Index.
Energy storage technologies enhance power system stability and flexibility and are key tools for balancing out variability in renewable energy generation, facilitating the integration of more renewable energy supply into power grids.