Zeo Energy (NASDAQ:ZEO) Stock Price Up 4.5% – Still a Buy?

Shares of Zeo Energy Corp. (NASDAQ:ZEO) were up 4.5% on Wednesday . The company traded as high as $0.5953 and last traded at $0.5799. Approximately 205,623 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 2,144,794 shares. The stock had previously closed at $0.5548.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zeo Energy in a research report on Friday, June 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Zeo Energy Stock Up 12.2%

The company’s 50-day simple moving average is $0.66 and its two-hundred day simple moving average is $0.82. The firm has a market capitalization of $33.70 million, a P/E ratio of -1.57 and a beta of 0.68. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.65 and a quick ratio of 1.58.

Zeo Energy (NASDAQ:ZEO) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $13.18 million for the quarter.

Institutional Trading of Zeo Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. bought a new position in shares of Zeo Energy in the third quarter worth about $26,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new position in shares of Zeo Energy during the 3rd quarter valued at approximately $50,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Zeo Energy during the 4th quarter valued at approximately $77,000. PNC Financial Services Group Inc. purchased a new stake in Zeo Energy in the 1st quarter worth approximately $43,000. Finally, Geode Capital Management LLC increased its holdings in Zeo Energy by 98.2% in the 2nd quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock worth $504,000 after acquiring an additional 86,047 shares in the last quarter.

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. Its residential solar energy systems comprise solar panels, inverters, and racking systems. It also offers insulation services, such as adding insulation to a home's attic or walls; energy efficiency equipment, including hybrid electric water heaters and swimming pool pumps; battery-based energy storage systems; and roofing services.