eEnergy Group (LON:EAAS) Shares Down 34.5% – Here’s What Happened

eEnergy Group Plc (LON:EAAS) dropped 34.5% during mid-day trading on Monday . The stock traded as low as GBX 3.10 and last traded at GBX 3.34. 32,124,324 shares were traded during trading, an increase of 2,179% from the average daily volume of 1,409,308 shares. The stock had previously closed at GBX 5.09.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 12 price objective on shares of eEnergy Group in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, eEnergy Group currently has an average rating of “Buy” and an average price target of GBX 12.

eEnergy Group Stock Down 34.5%

The stock has a market cap of £12.93 million, a P/E ratio of -3.79 and a beta of 1.12. The firm has a 50 day simple moving average of GBX 5.27 and a 200-day simple moving average of GBX 5.09. The company has a quick ratio of 0.99, a current ratio of 0.74 and a debt-to-equity ratio of 489.38.

eEnergy Group (LON:EAAS) last issued its earnings results on Thursday, April 30th. The company reported GBX (0.88) EPS for the quarter. The business had revenue of GBX 1,900 million for the quarter. eEnergy Group had a negative return on equity of 149.97% and a negative net margin of 17.86%. On average, equities research 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.