eEnergy Group Plc (LON:EAAS – Get Free Report) shares traded up 29% on Friday. The stock traded as high as GBX 0.40 and last traded at GBX 0.40. 81,151,844 shares changed hands during trading, an increase of 2,692% from the average session volume of 2,906,868 shares. The stock had previously closed at GBX 0.31.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group lowered their target price on 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. Based on data from MarketBeat, eEnergy Group has an average rating of “Buy” and an average price target of GBX 9.
Read Our Latest Stock Report on EAAS
eEnergy Group Trading Up 29.0%
The business’s 50 day moving average price is GBX 1.64 and its two-hundred day moving average price is GBX 3.37. The company has a market capitalization of £1.55 million, a price-to-earnings ratio of -0.51 and a beta of 1.11. The company has a debt-to-equity ratio of 7,144.44, a quick ratio of 0.99 and a current ratio of 0.88.
eEnergy Group (LON:EAAS – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported GBX (0.30) 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 0.40 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.
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