Gore Street Energy Storage Fund (LON:GSF) Trading 0.4% Higher – Still a Buy?

Gore Street Energy Storage Fund (LON:GSF) shares were up 0.4% during mid-day trading on Wednesday . The company traded as high as GBX 49.15 and last traded at GBX 48.20. 1,046,155 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 1,093,228 shares. The stock had previously closed at GBX 48.

Gore Street Energy Storage Fund Trading Up 0.4%

The firm’s fifty day simple moving average is GBX 52.54 and its two-hundred day simple moving average is GBX 53.26. The company has a market capitalization of £243.46 million, a price-to-earnings ratio of -7.59 and a beta of 0.37.

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.