Zeo Energy (NASDAQ:ZEO – Get Free Report) issued its earnings results on Friday. The company reported ($0.07) earnings per share for the quarter, Zacks reports.
Zeo Energy Stock Down 0.4%
ZEO stock traded down $0.00 during trading on Friday, hitting $0.62. 44,796 shares of the company’s stock traded hands, compared to its average volume of 422,868. The firm has a market capitalization of $35.97 million, a P/E ratio of -1.68 and a beta of 0.68. Zeo Energy has a 1 year low of $0.36 and a 1 year high of $2.42. The company has a quick ratio of 1.58, a current ratio of 1.65 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $0.63 and a two-hundred day simple moving average of $0.80.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zeo Energy in a research report on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Institutional Trading of Zeo Energy
Several hedge funds and other institutional investors have recently bought and sold shares of ZEO. CIBC Bancorp USA Inc. bought a new position in shares of Zeo Energy in the 3rd quarter worth $26,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new stake in Zeo Energy during the third quarter valued at about $50,000. Finally, Geode Capital Management LLC boosted its position in Zeo Energy by 98.2% during the second quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock valued at $504,000 after purchasing an additional 86,047 shares in the last quarter.
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. Its residential solar energy systems comprise solar panels, inverters, and racking systems. It also offers insulation services, such as adding insulation to a home's attic or walls; energy efficiency equipment, including hybrid electric water heaters and swimming pool pumps; battery-based energy storage systems; and roofing services.
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