Gore Street Energy Storage Fund (LON:GSF) Shares Up 0.2% – Still a Buy?

Gore Street Energy Storage Fund (LON:GSF)’s share price was up 0.2% during trading on Thursday . The company traded as high as GBX 47.50 and last traded at GBX 46.60. 1,555,836 shares were traded during mid-day trading, an increase of 22% from the average daily volume of 1,270,807 shares. The stock had previously closed at GBX 46.50.

Analyst Ratings Changes

Several brokerages recently commented on GSF. Shore Capital Group reaffirmed a “house stock” rating on shares of Gore Street Energy Storage Fund in a research note on Wednesday, July 15th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Gore Street Energy Storage Fund in a research note on Thursday, July 2nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Gore Street Energy Storage Fund Trading Up 0.2%

The stock has a market cap of £235.38 million, a PE ratio of -7.34 and a beta of 0.38. The business has a fifty day simple moving average of GBX 49.35 and a two-hundred day simple moving average of GBX 51.87.

Gore Street Energy Storage Fund (LON:GSF) last announced its earnings results on Thursday, July 16th. The company reported GBX (23.72) earnings per share for the quarter. Gore Street Energy Storage Fund had a net margin of 102.56% and a negative return on equity of 28.75%. On average, research analysts predict that Gore Street Energy Storage Fund will post 2.9007634 earnings per share for the current year.

Gore Street Energy Storage Fund Company Profile

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.