eEnergy Group (LON:EAAS) Shares Up 8.2% – Should You Buy?

eEnergy Group Plc (LON:EAASGet Free Report)’s stock price was up 8.2% on Tuesday . The stock traded as high as GBX 2.87 and last traded at GBX 2.78. 2,563,621 shares changed hands during trading, an increase of 69% from the average session volume of 1,517,350 shares. The stock had previously closed at GBX 2.57.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 12 price target on shares of eEnergy Group in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 12.

Get Our Latest Report on EAAS

eEnergy Group Stock Performance

The stock’s 50-day simple moving average is GBX 3.42 and its 200-day simple moving average is GBX 4.64. The stock has a market cap of £10.76 million, a price-to-earnings ratio of -3.52 and a beta of 1.15. The company has a current ratio of 0.88, a quick ratio of 0.99 and a debt-to-equity ratio of 7,144.44.

eEnergy Group (LON:EAASGet Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported GBX (0.30) earnings per share for the quarter. eEnergy Group had a negative net margin of 9.82% and a negative return on equity of 1,238.11%. Analysts forecast that eEnergy Group Plc will post 0.4001368 earnings per share for the current fiscal year.

eEnergy Group Company Profile

(Get Free Report)

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.

Further Reading

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