eEnergy Group (LON:EAAS) Hits New 1-Year Low – Here’s Why

eEnergy Group Plc (LON:EAAS) hit a new 52-week low on Wednesday . The company traded as low as GBX 1.70 and last traded at GBX 1.80, with a volume of 4557719 shares. The stock had previously closed at GBX 1.88.

Analyst Ratings Changes

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

eEnergy Group Stock Down 4.3%

The company has a current ratio of 0.88, a quick ratio of 0.99 and a debt-to-equity ratio of 7,144.44. The firm’s 50 day simple moving average is GBX 2.62 and its two-hundred day simple moving average is GBX 4.29. The firm has a market cap of £6.97 million, a price-to-earnings ratio of -2.28 and a beta of 1.15.

eEnergy Group (LON:EAAS) last announced its 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%. On average, equities analysts forecast that eEnergy Group Plc will post 0.4001368 EPS for the current year.

eEnergy Group Company Profile

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.