Brenmiller Energy (NASDAQ:BNRG) Releases Earnings Results

Brenmiller Energy (NASDAQ:BNRG) posted its quarterly earnings results on Wednesday. The company reported ($15.30) EPS for the quarter, FiscalAI reports.

Brenmiller Energy Price Performance

BNRG stock traded up $0.04 during trading on Wednesday, hitting $0.73. The company had a trading volume of 151,502 shares, compared to its average volume of 810,282. Brenmiller Energy has a fifty-two week low of $0.55 and a fifty-two week high of $52.15. The firm has a market capitalization of $525,456.00, a price-to-earnings ratio of 0.00 and a beta of -0.97. The business has a 50 day moving average of $1.93 and a 200 day moving average of $6.80. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 4.09.

Institutional Trading of Brenmiller Energy

A hedge fund recently bought a new stake in Brenmiller Energy stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Brenmiller Energy Ltd. (NASDAQ:BNRG) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,334 shares of the company’s stock, valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.50% of Brenmiller Energy at the end of the most recent quarter. 13.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brenmiller Energy in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Brenmiller Energy Company Profile

Brenmiller Energy is a Tel Aviv–based technology company specializing in industrial-scale thermal energy storage solutions. The firm’s core business centers on its proprietary Adiabatic Compressed Air Energy Storage (A-CAES) process, which captures excess or off-peak electricity to drive compressors and store heat in insulated thermal tanks. By re-introducing the stored heat into the compressed air stream at a later time, the system generates clean, dispatchable energy without relying on fossil fuels.

The company’s flagship product, StorageCube, integrates its A-CAES technology with advanced control software to deliver reliable power and high-temperature heat for a variety of applications.