eEnergy Group (LON:EAAS) Shares Up 1.1% – Time to Buy?

eEnergy Group Plc (LON:EAAS) rose 1.1% during mid-day trading on Thursday . The stock traded as high as GBX 2 and last traded at GBX 1.80. Approximately 1,655,070 shares were traded during trading, an increase of 0% from the average daily volume of 1,647,453 shares. The stock had previously closed at GBX 1.78.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price target on shares of eEnergy Group from GBX 12 to GBX 9 and set a “buy” rating for the company in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 9.

eEnergy Group Trading Up 1.1%

The company has a market cap of £6.97 million, a PE ratio of -2.28 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. The company has a 50 day simple moving average of GBX 2.81 and a two-hundred day simple moving average of GBX 4.40.

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

eEnergy Group Company Profile

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.