Gore Street Energy Storage Fund (LON:GSF) Trading Up 0.2% – Still a Buy?

Gore Street Energy Storage Fund (LON:GSF) shares rose 0.2% on Thursday . The company traded as high as GBX 47.50 and last traded at GBX 46.60. 1,555,836 shares were traded during trading, an increase of 22% from the average daily volume of 1,270,807 shares. The stock had previously closed at GBX 46.50.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Shore Capital Group reaffirmed a “house stock” rating on shares of Gore Street Energy Storage Fund in a research report on Wednesday, July 15th. Jefferies Financial Group reissued a “hold” rating on shares of Gore Street Energy Storage Fund in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Gore Street Energy Storage Fund Stock Up 1.9%

The stock has a market cap of £239.92 million, a P/E ratio of -2.00 and a beta of 0.38. The firm has a 50 day simple moving average of GBX 49.25 and a 200-day simple moving average of GBX 51.84.

Gore Street Energy Storage Fund (LON:GSF) last issued its earnings results on Thursday, July 16th. The company reported GBX (23.72) EPS for the quarter. Gore Street Energy Storage Fund had a negative return on equity of 28.75% and a net margin of 102.56%. On average, equities analysts anticipate that Gore Street Energy Storage Fund will post 2.9007634 earnings per share for the current year.

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.