Zeo Energy (NASDAQ:ZEO) Releases Earnings Results

Zeo Energy (NASDAQ:ZEO) posted its quarterly earnings data on Friday. The company reported ($0.07) EPS for the quarter, Zacks reports. The firm had revenue of $16.17 million for the quarter.

Zeo Energy Stock Performance

Shares of Zeo Energy stock traded down $0.00 during midday trading on Friday, hitting $0.62. The company had a trading volume of 66,419 shares, compared to its average volume of 2,189,118. Zeo Energy has a 1-year low of $0.36 and a 1-year high of $2.42. The business’s 50 day simple moving average is $0.63 and its two-hundred day simple moving average is $0.80. The stock has a market cap of $35.87 million, a PE ratio of -1.67 and a beta of 0.68. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.65 and a quick ratio of 1.58.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in Zeo Energy by 98.2% during the second quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock worth $504,000 after buying an additional 86,047 shares during the last quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new stake in Zeo Energy during the 3rd quarter valued at $50,000. Finally, CIBC Bancorp USA Inc. bought a new position in Zeo Energy in the 3rd quarter valued at $26,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zeo Energy in a research report on Friday, June 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Zeo Energy

Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes. Its residential solar energy systems comprise solar panels, inverters, and racking systems. It also offers insulation services, such as adding insulation to a home's attic or walls; energy efficiency equipment, including hybrid electric water heaters and swimming pool pumps; battery-based energy storage systems; and roofing services.