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

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

Analyst Ratings Changes

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

Read Our Latest Research Report on eEnergy Group

eEnergy Group Stock Performance

The company has a debt-to-equity ratio of 7,144.44, a current ratio of 0.88 and a quick ratio of 0.99. The business has a 50-day simple moving average of GBX 1.69 and a 200 day simple moving average of GBX 3.40. The firm has a market cap of £1.22 million, a PE ratio of -0.40 and a beta of 1.11.

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 research analysts forecast that eEnergy Group Plc will post 0.40 EPS for the current year.

eEnergy Group Company Profile

(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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