Zeo Energy (NASDAQ:ZEO) Releases Quarterly Earnings Results

Zeo Energy (NASDAQ:ZEO) announced its quarterly earnings results on Friday. The company reported ($0.12) earnings per share for the quarter, Zacks reports. The firm had revenue of $23.90 million for the quarter.

Zeo Energy Price Performance

NASDAQ ZEO opened at $1.51 on Friday. Zeo Energy has a 12 month low of $0.95 and a 12 month high of $3.95. The stock has a market capitalization of $82.80 million, a P/E ratio of -2.01 and a beta of -0.16. The firm’s 50-day moving average is $1.46 and its two-hundred day moving average is $2.02.

Analyst Ratings Changes

A number of equities analysts have commented on ZEO shares. Wall Street Zen downgraded shares of Zeo Energy to a “strong sell” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of Zeo Energy in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Insider Buying and Selling

In related news, insider Brandon Bridgewater sold 32,412 shares of Zeo Energy stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $1.75, for a total value of $56,721.00. Following the completion of the sale, the insider owned 2,967,588 shares in the company, valued at approximately $5,193,279. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kalen Larsen sold 32,412 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $1.75, for a total value of $56,721.00. Following the completion of the sale, the chief operating officer directly owned 2,467,588 shares in the company, valued at approximately $4,318,279. The trade was a 1.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 176,726 shares of company stock valued at $294,173 in the last ninety days. 56.17% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zeo Energy

An institutional investor recently raised its position in Zeo Energy stock. Geode Capital Management LLC grew its holdings in Zeo Energy Corp. (NASDAQ:ZEO) by 98.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,670 shares of the company’s stock after acquiring an additional 86,047 shares during the period. Geode Capital Management LLC owned about 0.35% of Zeo Energy worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Zeo Energy Company Profile

Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes.