Gore Street Energy Storage Fund (LON:GSF) Earns “House Stock” Rating from Shore Capital Group

Gore Street Energy Storage Fund (LON:GSF)‘s stock had its “house stock” rating reissued by stock analysts at Shore Capital Group in a report released on Wednesday,Digital Look reports.

Separately, Jefferies Financial Group reissued a “hold” rating on shares of Gore Street Energy Storage Fund in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of GBX 60.

Gore Street Energy Storage Fund Stock Down 5.9%

Shares of Gore Street Energy Storage Fund stock opened at GBX 46.41 on Wednesday. Gore Street Energy Storage Fund has a twelve month low of GBX 43.84 and a twelve month high of GBX 65.90. The business has a 50-day moving average price of GBX 51.59 and a 200 day moving average price of GBX 52.85. The firm has a market cap of £234.44 million, a PE ratio of -7.31 and a beta of 0.38.

Gore Street Energy Storage Fund Company Profile

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.