Zeo Energy (NASDAQ:ZEO) Announces Quarterly Earnings Results

Zeo Energy (NASDAQ:ZEO) posted its quarterly earnings data on Friday. The company reported ($0.11) EPS for the quarter, FiscalAI reports. The business had revenue of $13.18 million for the quarter.

Zeo Energy Stock Down 1.2%

NASDAQ ZEO opened at $0.89 on Friday. The company has a quick ratio of 2.59, a current ratio of 2.69 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average of $0.81 and a two-hundred day moving average of $1.05. The firm has a market capitalization of $51.42 million, a price-to-earnings ratio of -2.40 and a beta of 0.67. Zeo Energy has a 52 week low of $0.52 and a 52 week high of $3.68.

Hedge Funds Weigh In On Zeo Energy

A number of large investors have recently added to or reduced their stakes in ZEO. Geode Capital Management LLC raised its holdings in Zeo Energy by 98.2% in the second quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock worth $504,000 after purchasing an additional 86,047 shares in the last quarter. Citizens Financial Group Inc. RI bought a new position in Zeo Energy in the third quarter worth about $359,000. Mission Wealth Management LP bought a new position in Zeo Energy in the third quarter worth about $33,000. Piper Sandler & CO. bought a new position in Zeo Energy in the third quarter worth about $915,000. Finally, SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new position in Zeo Energy in the third quarter worth about $50,000.

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. Its residential solar energy systems comprise solar panels, inverters, and racking systems. It also offers insulation services, such as adding insulation to a home's attic or walls; energy efficiency equipment, including hybrid electric water heaters and swimming pool pumps; battery-based energy storage systems; and roofing services.