Brenmiller Energy (NASDAQ:BNRG) Trading 0.7% Higher – Should You Buy?

Brenmiller Energy Ltd. (NASDAQ:BNRG)’s stock price traded up 0.7% during mid-day trading on Monday . The company traded as high as $0.8860 and last traded at $0.8401. 1,300,595 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 1,801,820 shares. The stock had previously closed at $0.8346.

Analyst Ratings Changes

A number of equities analysts have recently commented on BNRG shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brenmiller Energy in a research note on Friday. Wall Street Zen upgraded Brenmiller Energy to a “sell” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Brenmiller Energy Trading Up 3.3%

The firm has a market cap of $499,126.60, a P/E ratio of -0.00 and a beta of -0.65. The company’s 50 day moving average is $1.24 and its two-hundred day moving average is $5.67. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.33 and a quick ratio of 1.03.

Institutional Trading of Brenmiller Energy

An institutional investor recently bought a new stake in Brenmiller Energy stock. Citadel Advisors LLC acquired a new stake in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned 0.55% of Brenmiller Energy at the end of the most recent quarter. Institutional investors and hedge funds own 13.23% of the company’s stock.

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.