eEnergy Group (LON:EAAS) Trading Up 18.5% – What’s Next?

eEnergy Group Plc (LON:EAASGet Free Report) shot up 18.5% on Wednesday . The stock traded as high as GBX 3.20 and last traded at GBX 3.20. Approximately 3,044,713 shares were traded during trading, an increase of 105% from the average daily volume of 1,488,559 shares. The stock had previously closed at GBX 2.70.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 12 price target on shares of eEnergy Group in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, eEnergy Group currently has an average rating of “Buy” and an average target price of GBX 12.

Get Our Latest Research Report on eEnergy Group

eEnergy Group Stock Up 18.5%

The firm has a market capitalization of £12.39 million, a price-to-earnings ratio of -3.64 and a beta of 1.13. The company has a debt-to-equity ratio of 489.38, a quick ratio of 0.99 and a current ratio of 0.74. The business’s 50 day moving average is GBX 3.84 and its 200-day moving average is GBX 4.76.

eEnergy Group (LON:EAASGet Free Report) last released its earnings results on Thursday, April 30th. The company reported GBX (0.88) earnings per share for the quarter. eEnergy Group had a negative return on equity of 149.97% and a negative net margin of 17.86%.The firm had revenue of GBX 1,900 million for the quarter. Equities analysts anticipate that eEnergy Group Plc will post 0.4001368 EPS for the current fiscal 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.

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