eEnergy Group (LON:EAAS) Stock Price Down 9.7% – Here’s What Happened

eEnergy Group Plc (LON:EAAS – Get Free Report) fell 9.7% during trading on Thursday. The company traded as low as GBX 0.30 and last traded at GBX 0.32. 15,836,197 shares traded hands during trading, an increase of 532% from the average session volume of 2,507,412 shares. The stock had previously closed at GBX 0.35.

Analysts Set New Price Targets

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

View Our Latest Stock Report on eEnergy Group

eEnergy Group Price Performance

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 has a market cap of £1.55 million, a PE ratio of -0.51 and a beta of 1.11. The stock has a 50 day simple moving average of GBX 1.60 and a 200-day simple moving average of GBX 3.35.

eEnergy Group (LON:EAAS – Get Free Report) last posted its quarterly 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%. Equities analysts anticipate that eEnergy Group Plc will post 0.40 earnings per share for the current fiscal year.

About eEnergy Group

(Get Free Report)

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.

Further Reading

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