eEnergy Group (LON:EAAS) Trading Down 5.4% – Time to Sell?

eEnergy Group Plc (LON:EAAS)’s share price was down 5.4% on Thursday . The company traded as low as GBX 1.30 and last traded at GBX 1.51. Approximately 5,915,903 shares were traded during mid-day trading, an increase of 245% from the average session volume of 1,713,648 shares. The stock had previously closed at GBX 1.60.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price 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, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 9.

eEnergy Group Stock Down 5.4%

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 £5.86 million, a PE ratio of -1.92 and a beta of 1.11. The stock has a fifty day simple moving average of GBX 2.40 and a two-hundred day simple moving average of GBX 3.96.

eEnergy Group (LON:EAAS) last announced its quarterly earnings results on Monday, August 3rd. The company reported GBX (0.30) earnings per share (EPS) for the quarter. eEnergy Group had a negative return on equity of 1,238.11% and a negative net margin of 9.82%. As a group, sell-side analysts expect that eEnergy Group Plc will post 0.4001368 EPS for the current fiscal 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.