Gore Street Energy Storage Fund (LON:GSF) Stock Falls 1.5% – Here’s What Happened

Gore Street Energy Storage Fund (LON:GSF) traded down 1.5% during mid-day trading on Wednesday. The stock traded as low as GBX 48.70 and last traded at GBX 49.03. 499,163 shares were traded during mid-day trading, a decline of 59% from the average session volume of 1,209,683 shares. The stock had previously closed at GBX 49.80.

Analyst Ratings Changes

A number of brokerages recently issued reports on GSF. Jefferies Financial Group reiterated a “hold” rating on shares of Gore Street Energy Storage Fund in a research note on Wednesday, October 7th. Shore Capital Group reissued a “house stock” rating on shares of Gore Street Energy Storage Fund in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Gore Street Energy Storage Fund Stock Performance

The firm has a market capitalization of £252.30 million, a price-to-earnings ratio of -2.11 and a beta of 0.34. The company has a 50-day moving average price of GBX 48.81 and a 200-day moving average price of GBX 50.93.

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.