Zeo Energy (NASDAQ:ZEO) Rating Lowered to Strong Sell at Wall Street Zen

Zeo Energy (NASDAQ:ZEO) was downgraded by equities researchers at Wall Street Zen to a “strong sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Zeo Energy in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Zeo Energy Stock Performance

Shares of ZEO opened at $1.36 on Friday. The company has a 50 day moving average price of $1.46 and a 200-day moving average price of $2.03. The stock has a market capitalization of $74.57 million, a PE ratio of -1.92 and a beta of -0.16. Zeo Energy has a fifty-two week low of $0.95 and a fifty-two week high of $3.95.

Zeo Energy (NASDAQ:ZEO) last announced its quarterly earnings results on Wednesday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $18.10 million during the quarter.

Insider Activity

In related news, insider Brandon Bridgewater sold 32,412 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $1.75, for a total value of $56,721.00. Following the transaction, the insider owned 2,967,588 shares in the company, valued at approximately $5,193,279. This represents a 1.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kalen Larsen sold 32,412 shares of Zeo Energy stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $1.75, for a total transaction of $56,721.00. Following the sale, the chief operating officer owned 2,467,588 shares of the company’s stock, valued at approximately $4,318,279. The trade was a 1.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 176,726 shares of company stock valued at $294,173. Company insiders own 56.17% of the company’s stock.

Institutional Trading of Zeo Energy

A number of hedge funds have recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI acquired a new position in shares of Zeo Energy in the third quarter worth about $359,000. Geode Capital Management LLC increased its stake in shares of Zeo Energy by 98.2% in the 2nd quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock valued at $504,000 after purchasing an additional 86,047 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in Zeo Energy in the 3rd quarter worth about $42,000. Finally, Mission Wealth Management LP acquired a new position in Zeo Energy in the 3rd quarter worth about $33,000.

Zeo Energy Company Profile

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.