Zeo Energy (NASDAQ:ZEO) Shares Down 0.9% – What’s Next?

Zeo Energy Corp. (NASDAQ:ZEO) shares fell 0.9% on Friday. The company traded as low as $0.3707 and last traded at $0.3812. Approximately 4,815,049 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 34,404,008 shares. The stock had previously closed at $0.3847.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zeo Energy in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Zeo Energy Trading Down 0.9%

The stock has a fifty day simple moving average of $0.41 and a 200 day simple moving average of $0.65. The firm has a market capitalization of $22.41 million, a P/E ratio of -1.16 and a beta of 0.61. The company has a quick ratio of 1.50, a current ratio of 1.56 and a debt-to-equity ratio of 0.08.

Zeo Energy (NASDAQ:ZEO) last posted its earnings results on Friday, August 14th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $16.17 million for the quarter. Zeo Energy had a negative net margin of 15.43% and a negative return on equity of 166.89%.

Institutional Investors Weigh In On Zeo Energy

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new stake in shares of Zeo Energy in the 1st quarter worth $43,000. Texas Capital Bank Wealth Management Services Inc acquired a new position in Zeo Energy during the 4th quarter valued at about $77,000. Finally, Citizens Financial Group Inc. RI increased its position in Zeo Energy by 47.8% during the 1st quarter. Citizens Financial Group Inc. RI now owns 541,175 shares of the company’s stock valued at $311,000 after buying an additional 175,000 shares in the last quarter.

Zeo Energy Company Profile

Zeo Energy Corp. (NASDAQ: ZEO) is a residential renewable-energy company that helps homeowners generate, store and manage electricity. Its primary business is the sale and installation of residential solar energy systems, along with related battery-storage solutions.

The company also provides system design, permitting, installation, monitoring and maintenance services. Its offerings may include roofing and other energy-efficiency solutions that support the deployment and performance of residential solar installations.