eEnergy Group (LON:EAAS) Sets New 1-Year Low – What’s Next?

eEnergy Group Plc (LON:EAAS) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 1.50 and last traded at GBX 1.62, with a volume of 2404027 shares trading hands. The stock had previously closed at GBX 1.65.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their target price on eEnergy Group from GBX 12 to GBX 9 and set a “buy” rating on the stock in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 9.

eEnergy Group Stock Down 1.5%

The stock’s fifty day simple moving average is GBX 2.42 and its two-hundred day simple moving average is GBX 3.98. The company has a debt-to-equity ratio of 7,144.44, a current ratio of 0.88 and a quick ratio of 0.99. The company has a market capitalization of £6.29 million, a price-to-earnings ratio of -2.06 and a beta of 1.11.

eEnergy Group (LON:EAAS) last announced its quarterly earnings data on Monday, August 3rd. The company reported GBX (0.30) earnings per share for the quarter. eEnergy Group had a negative net margin of 9.82% and a negative return on equity of 1,238.11%. On average, sell-side analysts predict that eEnergy Group Plc will post 0.4001368 earnings per share for the current fiscal year.

About eEnergy Group

eEnergy (AIM: EAAS) is a UK-based Energy-as-a-Service (EaaS) provider, funding and delivering energy-saving and energy-generating solutions across multi-site public sector and commercial portfolios-helping customers cut energy waste, reduce operating costs, and improve building resilience with zero upfront cost.

eEnergy delivers four core solutions:
· Reduce: LED lighting and controls
· Generate: Solar PV (rooftop, ground mount, and carport)
· Store: Battery storage (store onsite generation and reduce peak-time import costs)
· Charge: EV charging infrastructure and management

Projects are funded through dedicated third party debt facilities, including up to £100m of project funding via eEnergy’s partnership with Redaptive.

eEnergy’s routes to market include direct sales, public sector frameworks, tenders, and strategic partnerships.