eEnergy Group (LON:EAAS) Shares Up 8.2% – Time to Buy?

eEnergy Group Plc (LON:EAASGet Free Report)’s share price rose 8.2% on Tuesday . The stock traded as high as GBX 2.87 and last traded at GBX 2.78. Approximately 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 Ratings Changes

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

Get Our Latest Analysis on EAAS

eEnergy Group Trading Up 4.5%

The stock has a 50-day moving average price of GBX 3.34 and a two-hundred day moving average price of GBX 4.61. The stock has a market capitalization of £10.73 million, a PE ratio of -3.51 and a beta of 1.15. The company has a debt-to-equity ratio of 7,144.44, a quick ratio of 0.99 and a current ratio of 0.88.

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

About eEnergy Group

(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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