Zeo Energy (NASDAQ:ZEO) Issues Quarterly Earnings Results

Zeo Energy (NASDAQ:ZEO) posted its quarterly earnings results on Friday. The company reported ($0.11) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $13.18 million for the quarter.

Zeo Energy Trading Down 1.2%

ZEO stock traded down $0.01 during trading on Friday, reaching $0.89. 43,855 shares of the stock were exchanged, compared to its average volume of 201,033. The company has a current ratio of 2.69, a quick ratio of 2.59 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $0.81 and a 200-day moving average price of $1.05. Zeo Energy has a 1 year low of $0.52 and a 1 year high of $3.68. The firm has a market capitalization of $51.42 million, a price-to-earnings ratio of -1.20 and a beta of 0.67.

Institutional Investors Weigh In On Zeo Energy

A number of institutional investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. purchased a new position in Zeo Energy in the 3rd quarter valued at approximately $26,000. Mission Wealth Management LP purchased a new stake in shares of Zeo Energy during the 3rd quarter worth approximately $33,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd purchased a new stake in Zeo Energy in the 3rd quarter valued at $50,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in Zeo Energy in the 4th quarter valued at $77,000. Finally, PNC Financial Services Group Inc. purchased a new position in Zeo Energy during the 1st quarter worth $43,000.

About Zeo Energy

Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes. Its residential solar energy systems comprise solar panels, inverters, and racking systems. It also offers insulation services, such as adding insulation to a home's attic or walls; energy efficiency equipment, including hybrid electric water heaters and swimming pool pumps; battery-based energy storage systems; and roofing services.