Zeo Energy (NASDAQ:ZEO) Issues Earnings Results

Zeo Energy (NASDAQ:ZEO) released its earnings results on Friday. The company reported ($0.07) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $16.17 million for the quarter.

Zeo Energy Stock Performance

Shares of ZEO stock opened at $0.62 on Friday. The company’s fifty day moving average price is $0.63 and its two-hundred day moving average price is $0.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.65 and a quick ratio of 1.58. The firm has a market capitalization of $35.87 million, a P/E ratio of -1.87 and a beta of 0.68. Zeo Energy has a 12 month low of $0.36 and a 12 month high of $2.42.

Institutional Investors Weigh In On Zeo Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Bancorp USA Inc. acquired a new stake in shares of Zeo Energy during the third quarter worth approximately $26,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new position in Zeo Energy during the 3rd quarter worth $50,000. Finally, Geode Capital Management LLC increased its position 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 worth $504,000 after purchasing an additional 86,047 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zeo Energy in a research note on Friday, June 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Zeo Energy

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.