eEnergy Group (LON:EAAS) Stock Price Up 1.1% – Time to Buy?

Shares of eEnergy Group Plc (LON:EAAS) were up 1.1% during mid-day trading on Thursday . The company traded as high as GBX 2 and last traded at GBX 1.80. 1,655,070 shares traded hands during trading, an increase of 0% from the average session volume of 1,647,453 shares. The stock had previously closed at GBX 1.78.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their target price on shares of eEnergy Group from GBX 12 to GBX 9 and set a “buy” rating for the company in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 9.

eEnergy Group Stock Performance

The company has a fifty day moving average price of GBX 2.81 and a two-hundred day moving average price of GBX 4.40. The company has a market capitalization of £6.97 million, a P/E ratio of -2.28 and a beta of 1.15. The company has a debt-to-equity ratio of 7,144.44, a current ratio of 0.88 and a quick ratio of 0.99.

eEnergy Group (LON:EAAS) last announced its quarterly earnings results on Monday, August 3rd. The company reported GBX (0.30) earnings per share (EPS) for the quarter. eEnergy Group had a negative return on equity of 1,238.11% and a negative net margin of 9.82%. Equities analysts forecast that eEnergy Group Plc will post 0.4001368 earnings per share for the current fiscal year.

About eEnergy Group

eEnergy (AIM: EAAS) is a UK-based Energy-as-a-Service (EaaS) provider, funding and delivering energy-saving and energy-generating solutions across multi-site public sector and commercial portfolios-helping customers cut energy waste, reduce operating costs, and improve building resilience with zero upfront cost.

eEnergy delivers four core solutions:
· Reduce: LED lighting and controls
· Generate: Solar PV (rooftop, ground mount, and carport)
· Store: Battery storage (store onsite generation and reduce peak-time import costs)
· Charge: EV charging infrastructure and management

Projects are funded through dedicated third party debt facilities, including up to £100m of project funding via eEnergy’s partnership with Redaptive.

eEnergy’s routes to market include direct sales, public sector frameworks, tenders, and strategic partnerships.