Zeo Energy (NASDAQ:ZEO) Insider Brandon Bridgewater Sells 24,490 Shares

Zeo Energy Corp. (NASDAQ:ZEO) insider Brandon Bridgewater sold 24,490 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $1.20, for a total transaction of $29,388.00. Following the transaction, the insider directly owned 2,932,147 shares of the company’s stock, valued at $3,518,576.40. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Brandon Bridgewater also recently made the following trade(s):

• On Tuesday, December 9th, Brandon Bridgewater sold 18,191 shares of Zeo Energy stock. The stock was sold at an average price of $1.16, for a total transaction of $21,101.56.

Zeo Energy Trading Down 4.8%

NASDAQ:ZEO traded down $0.06 during trading hours on Thursday, reaching $1.09. The company had a trading volume of 58,219 shares, compared to its average volume of 837,366. The firm has a market cap of $62.42 million, a price-to-earnings ratio of -1.45 and a beta of -0.15. The firm’s 50 day moving average price is $1.48 and its 200-day moving average price is $1.98. Zeo Energy Corp. has a 52 week low of $0.95 and a 52 week high of $3.95.

Zeo Energy (NASDAQ:ZEO) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $23.90 million during the quarter.

Institutional Investors Weigh In On Zeo Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZEO. Piper Sandler & CO. purchased a new position in Zeo Energy during the third quarter valued at approximately $915,000. Citizens Financial Group Inc. RI bought a new stake in shares of Zeo Energy during the 3rd quarter valued at $359,000. Geode Capital Management LLC lifted its stake in shares of Zeo Energy by 98.2% during the 2nd quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock valued at $504,000 after buying an additional 86,047 shares in the last quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new position in Zeo Energy in the 3rd quarter worth $50,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in Zeo Energy in the 3rd quarter worth $42,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ZEO. Wall Street Zen upgraded Zeo Energy from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Zeo Energy in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About Zeo Energy

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.