Brenmiller Energy (NASDAQ:BNRG) Trading Down 0.6% – Here’s What Happened

Brenmiller Energy Ltd. (NASDAQ:BNRG)’s stock price traded down 0.6% during mid-day trading on Tuesday . The company traded as low as $2.8575 and last traded at $3.44. Approximately 387,935 shares traded hands during trading, a decline of 39% from the average session volume of 635,639 shares. The stock had previously closed at $3.46.

Analysts Set New Price Targets

Several research firms recently commented on BNRG. Weiss Ratings restated a “sell (e+)” rating on shares of Brenmiller Energy in a report on Friday, July 17th. Wall Street Zen raised shares of Brenmiller Energy to a “sell” rating in a research report on Saturday, June 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Brenmiller Energy Trading Down 0.6%

The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.97. The firm has a market cap of $412,800.00, a price-to-earnings ratio of -0.01 and a beta of -0.60. The business has a 50 day moving average price of $3.63 and a 200-day moving average price of $11.34.

About Brenmiller Energy

Brenmiller Energy is a Tel Aviv–based technology company specializing in industrial-scale thermal energy storage solutions. The firm’s core business centers on its proprietary Adiabatic Compressed Air Energy Storage (A-CAES) process, which captures excess or off-peak electricity to drive compressors and store heat in insulated thermal tanks. By re-introducing the stored heat into the compressed air stream at a later time, the system generates clean, dispatchable energy without relying on fossil fuels.

The company’s flagship product, StorageCube, integrates its A-CAES technology with advanced control software to deliver reliable power and high-temperature heat for a variety of applications.