Gresham House Energy Storage (LON:GRID) Releases Quarterly Earnings Results

Gresham House Energy Storage (LON:GRIDGet Free Report) announced its earnings results on Wednesday. The company reported GBX (0.63) earnings per share for the quarter, Digital Look Earnings reports. Gresham House Energy Storage had a net margin of 90.03% and a return on equity of 3.71%.

Gresham House Energy Storage Price Performance

Shares of LON:GRID opened at GBX 96.80 on Thursday. The stock’s 50-day moving average is GBX 96.52 and its 200 day moving average is GBX 85.32. The company has a market cap of £550.85 million, a PE ratio of 23.61 and a beta of 0.03. Gresham House Energy Storage has a 1 year low of GBX 66.90 and a 1 year high of GBX 104.50.

Wall Street Analysts Forecast Growth

GRID has been the topic of several recent research reports. Royal Bank Of Canada increased their target price on shares of Gresham House Energy Storage from GBX 80 to GBX 85 and gave the company a “sector perform” rating in a report on Friday, May 29th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Gresham House Energy Storage in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 85.

Read Our Latest Stock Report on GRID

About Gresham House Energy Storage

(Get Free Report)

Gresham House Energy Storage Fund plc (GRID or the Fund) seeks to capitalise on the growing intraday supply and demand imbalances caused by Great Britain’s ever increasing reliance on renewable energy. The Fund aims to provide investors with an attractive and sustainable dividend by investing in a portfolio of utility-scale Battery Energy Storage Systems (BESS) located in Great Britain, which primarily use batteries to import and export power, accessing multiple revenue sources available in the power market.

Gresham House Asset Management Limited (GHAM), is the investment Manager for Gresham House Energy Storage Fund plc.

Recommended Stories

Receive News & Ratings for Gresham House Energy Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gresham House Energy Storage and related companies with MarketBeat.com's FREE daily email newsletter.