Zeo Energy Corp. (NASDAQ:ZEO) Sees Large Growth in Short Interest

Zeo Energy Corp. (NASDAQ:ZEO) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 168,906 shares, an increase of 53.5% from the December 15th total of 110,039 shares. Based on an average daily volume of 148,382 shares, the short-interest ratio is presently 1.1 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 148,382 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Zeo Energy in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Zeo Energy from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zeo Energy has a consensus rating of “Sell”.

Insider Buying and Selling

In other Zeo Energy news, insider Brandon Bridgewater sold 32,669 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $1.16, for a total transaction of $37,896.04. Following the transaction, the insider owned 2,876,747 shares in the company, valued at $3,337,026.52. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 79,890 shares of company stock valued at $93,607 over the last 90 days. Company insiders own 56.17% of the company’s stock.

Institutional Investors Weigh In On Zeo Energy

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in Zeo Energy by 98.2% in the second quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock worth $504,000 after purchasing an additional 86,047 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Zeo Energy in the 3rd quarter worth approximately $42,000. Citizens Financial Group Inc. RI bought a new stake in shares of Zeo Energy in the 3rd quarter valued at approximately $359,000. Mission Wealth Management LP acquired a new stake in shares of Zeo Energy during the 3rd quarter valued at approximately $33,000. Finally, Piper Sandler & CO. acquired a new stake in shares of Zeo Energy during the 3rd quarter valued at approximately $915,000.

Zeo Energy Stock Up 4.0%

Shares of NASDAQ ZEO opened at $1.04 on Friday. Zeo Energy has a fifty-two week low of $0.90 and a fifty-two week high of $3.88. The business has a 50 day moving average price of $1.18 and a two-hundred day moving average price of $1.63. The firm has a market cap of $59.83 million, a PE ratio of -1.39 and a beta of -0.13.

Zeo Energy (NASDAQ:ZEO) last released its earnings results on Friday, November 14th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $23.90 million during the 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.