Gresham House Energy Storage (LON:GRID – Get Free Report) released its earnings results on Wednesday. The company reported GBX (0.63) earnings per share for the quarter, Digital Look Earnings reports. Gresham House Energy Storage had a return on equity of 3.71% and a net margin of 90.03%.
Gresham House Energy Storage Trading Up 0.4%
Shares of LON:GRID opened at GBX 97.22 on Wednesday. Gresham House Energy Storage has a 12-month low of GBX 66.90 and a 12-month high of GBX 104.50. The business has a 50 day moving average of GBX 96.49 and a two-hundred day moving average of GBX 85.15. The company has a market capitalization of £553.24 million, a PE ratio of 23.71 and a beta of 0.03.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on GRID shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Gresham House Energy Storage in a report on Wednesday, September 2nd. Royal Bank Of Canada raised their target price on shares of Gresham House Energy Storage from GBX 80 to GBX 85 and gave the stock a “sector perform” rating in a report on Friday, May 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 85.
Gresham House Energy Storage Company Profile
Gresham House Energy Storage Fund plc (GRID or the Fund) seeks to capitalise on the growing intraday supply and demand imbalances caused by Great Britain’s ever increasing reliance on renewable energy. The Fund aims to provide investors with an attractive and sustainable dividend by investing in a portfolio of utility-scale Battery Energy Storage Systems (BESS) located in Great Britain, which primarily use batteries to import and export power, accessing multiple revenue sources available in the power market.
Gresham House Asset Management Limited (GHAM), is the investment Manager for Gresham House Energy Storage Fund plc.
Recommended Stories
- Five stocks we like better than Gresham House Energy Storage
- Old Dogs, New Tech: 3 Legacy Stocks Powering the AI Boom
- 3 Tech Stocks Positioned for More Upside if the Sector’s Breakout Holds
- AutoZone Shifts Gears, On Track to Reverse Course and Price Recovery
- Meta’s Muse Highlights Arm’s Growing Role in AI Infrastructure
Receive News & Ratings for Gresham House Energy Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gresham House Energy Storage and related companies with MarketBeat.com's FREE daily email newsletter.
