eEnergy Group (LON:EAAS) Shares Down 34.5% – Here’s Why

Shares of eEnergy Group Plc (LON:EAAS) dropped 34.5% during mid-day trading on Monday . The company traded as low as GBX 3.10 and last traded at GBX 3.34. 32,124,324 shares were traded during trading, an increase of 2,179% from the average daily volume of 1,409,308 shares. The stock had previously closed at GBX 5.09.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 12 price objective on shares of eEnergy Group in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 12.

eEnergy Group Stock Down 34.5%

The firm has a market cap of £12.93 million, a P/E ratio of -3.79 and a beta of 1.12. The company has a quick ratio of 0.99, a current ratio of 0.74 and a debt-to-equity ratio of 489.38. The firm has a fifty day moving average of GBX 5.27 and a 200-day moving average of GBX 5.09.

eEnergy Group (LON:EAAS) last issued its quarterly earnings results on Thursday, April 30th. The company reported GBX (0.88) EPS for the quarter. The company had revenue of GBX 1,900 million for the quarter. eEnergy Group had a negative net margin of 17.86% and a negative return on equity of 149.97%. On average, equities research analysts anticipate that eEnergy Group Plc will post 0.4001368 earnings per share 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.