eEnergy Group (LON:EAAS) Shares Down 18.1% – Here’s Why

eEnergy Group Plc (LON:EAAS)’s share price dropped 18.1% during mid-day trading on Friday . The stock traded as low as GBX 1.90 and last traded at GBX 2.05. 12,922,745 shares changed hands during trading, an increase of 703% from the average session volume of 1,608,523 shares. The stock had previously closed at GBX 2.50.

Wall Street Analysts Forecast Growth

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

eEnergy Group Stock Performance

The stock has a market capitalization of £7.40 million, a P/E ratio of -2.42 and a beta of 1.15. 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 company has a 50-day moving average price of GBX 3 and a two-hundred day moving average price of GBX 4.47.

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