Gore Street Energy Storage Fund’s (GSF) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Gore Street Energy Storage Fund (LON:GSF) in a report released on Friday morning, Marketbeat Ratings reports.

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Gore Street Energy Storage Fund in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Gore Street Energy Storage Fund Stock Performance

Shares of LON GSF opened at GBX 48 on Friday. The stock has a market cap of £242.45 million, a P/E ratio of -2.02 and a beta of 0.38. The business’s fifty day simple moving average is GBX 47.97 and its 200-day simple moving average is GBX 51.41. Gore Street Energy Storage Fund has a 12-month low of GBX 43.20 and a 12-month high of GBX 64.50.

Gore Street Energy Storage Fund (LON:GSF) last released 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 forecast that Gore Street Energy Storage Fund will post 2.9007634 EPS 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.