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

Gore Street Energy Storage Fund (LON:GSF) posted its quarterly earnings results on Thursday. The company reported GBX (23.72) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Gore Street Energy Storage Fund had a negative return on equity of 6.58% and a net margin of 131.36%.

Gore Street Energy Storage Fund Trading Down 0.2%

Shares of GSF traded down GBX 0.10 on Thursday, reaching GBX 45.66. 7,296,792 shares of the company’s stock were exchanged, compared to its average volume of 1,243,719. Gore Street Energy Storage Fund has a 12 month low of GBX 43.20 and a 12 month high of GBX 64.60. The stock has a market capitalization of £230.60 million, a P/E ratio of -7.19 and a beta of 0.37. The business has a 50 day moving average price of GBX 51.41 and a two-hundred day moving average price of GBX 52.79.

Analyst Ratings Changes

Several research analysts have weighed in on GSF shares. Jefferies Financial Group reiterated a “hold” rating on shares of Gore Street Energy Storage Fund in a research note on Thursday, July 2nd. Shore Capital Group restated a “house stock” rating on shares of Gore Street Energy Storage Fund in a research note on Wednesday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus 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. It is listed on the Premium Segment of the London Stock Exchange and included in the FTSE All-Share Index.
Energy storage technologies enhance power system stability and flexibility and are key tools for balancing out variability in renewable energy generation, facilitating the integration of more renewable energy supply into power grids.