Gore Street Energy Storage Fund (LON:GSF) Shares Up 1.4% – Here’s Why

Gore Street Energy Storage Fund (LON:GSF) shares were up 1.4% during trading on Tuesday. The stock traded as high as GBX 49.60 and last traded at GBX 49.40. Approximately 1,365,772 shares traded hands during trading, an increase of 5% from the average daily volume of 1,300,760 shares. The stock had previously closed at GBX 48.70.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Shore Capital Group reiterated a “house stock” rating on shares of Gore Street Energy Storage Fund in a research note on Friday, August 21st. Jefferies Financial Group reaffirmed a “hold” rating on shares of Gore Street Energy Storage Fund in a report on Friday, August 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Gore Street Energy Storage Fund Stock Performance

The business has a fifty day moving average price of GBX 47.49 and a 200 day moving average price of GBX 50.55. The company has a market cap of £245.98 million, a price-to-earnings ratio of -2.05 and a beta of 0.34.

Gore Street Energy Storage Fund (LON:GSF) last issued its earnings results on Thursday, July 16th. The company reported GBX (23.72) EPS for the quarter. Gore Street Energy Storage Fund had a negative return on equity of 28.75% and a net margin of 102.56%. As a group, equities analysts anticipate that Gore Street Energy Storage Fund will post 2.9007634 EPS for the current year.

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.