eEnergy Group (LON:EAAS) Shares Down 9.7% – What’s Next?

eEnergy Group Plc (LON:EAAS – Get Free Report) shares were down 9.7% during mid-day trading on Thursday. The stock traded as low as GBX 0.30 and last traded at GBX 0.32. Approximately 15,836,197 shares were traded during trading, an increase of 532% from the average daily volume of 2,507,412 shares. The stock had previously closed at GBX 0.35.

Analysts Set New Price Targets

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

Check Out Our Latest Report on EAAS

eEnergy Group Trading Down 9.7%

The company has a current ratio of 0.88, a quick ratio of 0.99 and a debt-to-equity ratio of 7,144.44. The stock has a market capitalization of £1.22 million, a PE ratio of -0.40 and a beta of 1.11. The stock has a 50 day moving average price of GBX 1.69 and a 200-day moving average price of GBX 3.40.

eEnergy Group (LON:EAAS – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported GBX (0.30) EPS for the quarter. eEnergy Group had a negative net margin of 9.82% and a negative return on equity of 1,238.11%. Sell-side analysts expect that eEnergy Group Plc will post 0.40 earnings per share for the current year.

About eEnergy Group

(Get Free Report)

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.

Further Reading

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