Gore Street Energy Storage Fund (LON:GSF) Issues Quarterly Earnings Results

Gore Street Energy Storage Fund (LON:GSF) posted its quarterly earnings data on Monday. The company reported GBX (10.67) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Gore Street Energy Storage Fund had a negative return on equity of 1.04% and a negative net margin of 80.72%.

Here are the key takeaways from Gore Street Energy Storage Fund’s conference call:

• NAV per share fell to 90.1p (an ~11.7p decline, the largest single‑period drop since IPO), driven mainly by downward revisions to mid‑case revenue curves in California, Texas and Great Britain as rapid storage build‑out compresses merchant revenues.
• Operational progress: the fleet delivered ~94% availability, Big Rock (CA) and Dogfish (TX) were commissioned during the period, and the portfolio now totals ~1.16 GW with ~25–30% of revenues contracted (including CA resource adequacy), supporting cash generation.
• Management is taking active mitigations: targeted GB augmentations (Stony, Ferrymuir to 2‑hour, COD ~Q3 2026), submission of Middleton to the UK LDES 25‑year cap/floor tender, and successful monetization of U.S. ITCs above guidance — all potential upside catalysts.
• Balance sheet and payouts: low gearing (~18%), cash of £50.5m (plus £41.7m undrawn capacity), $30m US facility reduction, an interim dividend of 0.69p declared and a further ITC‑related special dividend pending once lender conditions are met.

Gore Street Energy Storage Fund Price Performance

Gore Street Energy Storage Fund stock opened at GBX 54.12 on Wednesday. The firm has a market capitalization of £273.35 million, a P/E ratio of 44.36 and a beta of 0.31. Gore Street Energy Storage Fund has a one year low of GBX 42.40 and a one year high of GBX 69. The business has a fifty day moving average price of GBX 61.11 and a 200-day moving average price of GBX 60.48.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of Gore Street Energy Storage Fund in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell” and a consensus price target of GBX 60.

About Gore Street Energy Storage Fund

About Us: Gore Street Energy Storage Fund plc is London’s first listed energy storage fund, launched in 2018. The Company is the only UK-listed energy storage fund with a diversified portfolio across five grid networks. The Company is one of the principal owners and operators of battery storage facilities in Great Britain and Ireland and owns and operates facilities in Western Mainland Europe and the US.