Zeo Energy (NASDAQ:ZEO) Issues Earnings Results

Zeo Energy (NASDAQ:ZEO) released its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share for the quarter, FiscalAI reports. The company had revenue of $18.57 million for the quarter.

Zeo Energy Stock Up 5.7%

Shares of ZEO opened at $0.61 on Thursday. Zeo Energy has a 52-week low of $0.52 and a 52-week high of $3.68. The firm’s fifty day moving average is $0.97 and its two-hundred day moving average is $1.18. The stock has a market cap of $34.89 million, a PE ratio of -0.81 and a beta of 0.13.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeo Energy in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Zeo Energy

Several hedge funds and other institutional investors have recently modified their holdings of ZEO. Geode Capital Management LLC boosted its position in Zeo Energy by 98.2% during the second quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock worth $504,000 after acquiring an additional 86,047 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in Zeo Energy in the 3rd quarter valued at about $42,000. Citizens Financial Group Inc. RI purchased a new position in Zeo Energy in the 3rd quarter worth approximately $359,000. Mission Wealth Management LP acquired a new position in shares of Zeo Energy during the 3rd quarter worth approximately $33,000. Finally, Piper Sandler & CO. acquired a new position in shares of Zeo Energy during the 3rd quarter worth approximately $915,000.

Zeo Energy Company Profile

Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes. Its residential solar energy systems comprise solar panels, inverters, and racking systems. It also offers insulation services, such as adding insulation to a home's attic or walls; energy efficiency equipment, including hybrid electric water heaters and swimming pool pumps; battery-based energy storage systems; and roofing services.