Gore Street Energy Storage Fund (LON:GSF) Trading Up 1.4% – Here’s What Happened

Gore Street Energy Storage Fund (LON:GSF) traded up 1.4% during mid-day trading on Tuesday . The company traded as high as GBX 49.60 and last traded at GBX 49.40. 1,365,772 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 1,300,760 shares. The stock had previously closed at GBX 48.70.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GSF shares. Shore Capital Group reiterated a “house stock” rating on shares of Gore Street Energy Storage Fund in a research note on Friday, August 21st. Jefferies Financial Group reissued a “hold” rating on shares of Gore Street Energy Storage Fund in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Gore Street Energy Storage Fund currently has an average rating of “Hold”.

Gore Street Energy Storage Fund Price Performance

The stock has a fifty day moving average of GBX 47.42 and a 200 day moving average of GBX 50.55. The stock has a market cap of £249.52 million, a price-to-earnings ratio of -2.08 and a beta of 0.34.

Gore Street Energy Storage Fund (LON:GSF) last released its quarterly earnings data on Thursday, July 16th. The company reported GBX (23.72) earnings per share for the quarter. Gore Street Energy Storage Fund had a negative return on equity of 28.75% and a net margin of 102.56%. As a group, equities analysts expect that Gore Street Energy Storage Fund will post 2.9007634 earnings per share for the current fiscal year.

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. It is listed on the Premium Segment of the London Stock Exchange and included in the FTSE All-Share Index.
Energy storage technologies enhance power system stability and flexibility and are key tools for balancing out variability in renewable energy generation, facilitating the integration of more renewable energy supply into power grids.