eEnergy Group (LON:EAAS) Stock Price Up 8.9% – Time to Buy?

eEnergy Group Plc (LON:EAAS)’s stock price traded up 8.9% on Friday. The stock traded as high as GBX 1.50 and last traded at GBX 1.42. 4,385,565 shares changed hands during trading, an increase of 152% from the average daily volume of 1,739,353 shares. The stock had previously closed at GBX 1.30.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price objective on 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, eEnergy Group currently has a consensus rating of “Buy” and an average target price of GBX 9.

eEnergy Group Stock Up 8.9%

The company has a market cap of £5.48 million, a P/E ratio of -1.79 and a beta of 1.11. The stock has a fifty day moving average price of GBX 2.23 and a two-hundred day moving average price of GBX 3.80. The company has a debt-to-equity ratio of 7,144.44, a current ratio of 0.88 and a quick ratio of 0.99.

eEnergy Group (LON:EAAS) last posted its quarterly earnings data on Monday, August 3rd. The company reported GBX (0.30) earnings per share (EPS) for the quarter. eEnergy Group had a negative return on equity of 1,238.11% and a negative net margin of 9.82%. On average, research analysts expect that eEnergy Group Plc will post 0.4001368 EPS 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.