Gore Street Energy Storage Fund (LON:GSF) Issues Quarterly Earnings Results

Gore Street Energy Storage Fund (LON:GSF) announced its earnings results on Thursday. The company reported GBX (23.72) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Gore Street Energy Storage Fund had a net margin of 131.36% and a negative return on equity of 6.58%.

Gore Street Energy Storage Fund Price Performance

Shares of GSF traded down GBX 0.10 during trading hours on Thursday, hitting GBX 45.66. 7,296,792 shares of the stock were exchanged, compared to its average volume of 1,243,719. The firm has a market capitalization of £230.60 million, a P/E ratio of -7.19 and a beta of 0.37. Gore Street Energy Storage Fund has a fifty-two week low of GBX 43.20 and a fifty-two week high of GBX 64.60. The business has a 50-day moving average of GBX 51.41 and a 200-day moving average of GBX 52.79.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Shore Capital Group reissued a “house stock” rating on shares of Gore Street Energy Storage Fund in a research note on Wednesday. Jefferies Financial Group reissued a “hold” rating on shares of Gore Street Energy Storage Fund in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Gore Street Energy Storage Fund presently has an average rating of “Reduce” and a consensus price target of GBX 60.

Gore Street Energy Storage Fund Company Profile

About Us: Gore Street Energy Storage Fund plc is London’s first listed energy storage fund, launched in 2018. The Company is the only UK-listed energy storage fund with a diversified portfolio across five grid networks. The Company is one of the principal owners and operators of battery storage facilities in Great Britain and Ireland and owns and operates facilities in Western Mainland Europe and the US. It is listed on the Premium Segment of the London Stock Exchange and included in the FTSE All-Share Index.
Energy storage technologies enhance power system stability and flexibility and are key tools for balancing out variability in renewable energy generation, facilitating the integration of more renewable energy supply into power grids.