eEnergy Group (LON:EAAS) Shares Up 8.9% – Here’s What Happened

eEnergy Group Plc (LON:EAAS) was up 8.9% during mid-day trading on Friday. The company traded as high as GBX 1.50 and last traded at GBX 1.42. 4,385,565 shares changed hands during trading, an increase of 152% from the average session volume of 1,739,353 shares. The stock had previously closed at GBX 1.30.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price target on eEnergy Group from GBX 12 to GBX 9 and set a “buy” rating on the stock in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 9.

eEnergy Group Price Performance

The company’s 50-day moving average price is GBX 2.23 and its two-hundred day moving average price is GBX 3.80. The company has a debt-to-equity ratio of 7,144.44, a current ratio of 0.88 and a quick ratio of 0.99. The company has a market capitalization of £5.48 million, a P/E ratio of -1.79 and a beta of 1.11.

eEnergy Group (LON:EAAS) last released its quarterly earnings results on Monday, August 3rd. The company reported GBX (0.30) earnings per share (EPS) for the quarter. eEnergy Group had a negative net margin of 9.82% and a negative return on equity of 1,238.11%. As a group, sell-side analysts expect that eEnergy Group Plc will post 0.4001368 EPS for the current year.

About eEnergy Group

eEnergy (AIM: EAAS) is a UK-based Energy-as-a-Service (EaaS) provider, funding and delivering energy-saving and energy-generating solutions across multi-site public sector and commercial portfolios-helping customers cut energy waste, reduce operating costs, and improve building resilience with zero upfront cost.

eEnergy delivers four core solutions:
· Reduce: LED lighting and controls
· Generate: Solar PV (rooftop, ground mount, and carport)
· Store: Battery storage (store onsite generation and reduce peak-time import costs)
· Charge: EV charging infrastructure and management

Projects are funded through dedicated third party debt facilities, including up to £100m of project funding via eEnergy’s partnership with Redaptive.

eEnergy’s routes to market include direct sales, public sector frameworks, tenders, and strategic partnerships.