Brenmiller Energy Stock Set to Reverse Split on Monday, January 26th (NASDAQ:BNRG)

Brenmiller Energy Ltd. (NASDAQ:BNRG) shares are scheduled to reverse split before the market opens on Monday, January 26th. The 1-7 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, January 25th.

Brenmiller Energy Stock Performance

Shares of BNRG stock traded up $0.03 during trading hours on Thursday, reaching $0.55. The company had a trading volume of 768,400 shares, compared to its average volume of 866,605. The company has a debt-to-equity ratio of 4.09, a quick ratio of 0.91 and a current ratio of 1.30. The business has a fifty day moving average price of $0.83 and a 200-day moving average price of $1.52. Brenmiller Energy has a one year low of $0.45 and a one year high of $10.70.

Brenmiller Energy (NASDAQ:BNRG) last released its quarterly earnings data on Tuesday, September 30th. The company reported ($1.90) earnings per share for the quarter. The firm had revenue of $0.19 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brenmiller Energy in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Brenmiller Energy

An institutional investor recently bought a new position in Brenmiller Energy stock. Citadel Advisors LLC bought a new stake in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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 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.