Gore Street Energy Storage Fund (LON:GSF) Posts Earnings Results

Gore Street Energy Storage Fund (LON:GSF) announced its earnings results on Monday. The company reported GBX (10.67) EPS for the quarter, Digital Look Earnings reports. Gore Street Energy Storage Fund had a negative return on equity of 1.04% and a negative net margin of 80.72%.

Gore Street Energy Storage Fund Trading Down 10.2%

Shares of GSF opened at GBX 53.85 on Monday. The company’s fifty day simple moving average is GBX 61.25 and its 200 day simple moving average is GBX 60.62. Gore Street Energy Storage Fund has a 1-year low of GBX 42.40 and a 1-year high of GBX 69. The company has a market cap of £272.01 million, a price-to-earnings ratio of 44.14 and a beta of 0.31.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “house stock” rating on shares of Gore Street Energy Storage Fund in a research note on Friday, November 28th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Gore Street Energy Storage Fund currently has a consensus rating of “Sell” and an average price target of GBX 60.

Gore Street Energy Storage Fund Company Profile

About Us: Gore Street Energy Storage Fund plc is London’s first listed energy storage fund, launched in 2018. The Company is the only UK-listed energy storage fund with a diversified portfolio across five grid networks. The Company is one of the principal owners and operators of battery storage facilities in Great Britain and Ireland and owns and operates facilities in Western Mainland Europe and the US.