Gore Street Energy Storage Fund (LON:GSF – Get Free Report) issued its earnings results on Thursday. The company reported GBX (23.72) EPS for the quarter, Digital Look Earnings reports. Gore Street Energy Storage Fund had a negative return on equity of 6.58% and a net margin of 131.36%.
Gore Street Energy Storage Fund Stock Performance
LON:GSF traded down GBX 0.02 during midday trading on Thursday, reaching GBX 45.73. 7,978,467 shares of the stock traded hands, compared to its average volume of 1,248,769. The stock has a market capitalization of £230.98 million, a PE ratio of -7.20 and a beta of 0.37. Gore Street Energy Storage Fund has a 12-month low of GBX 43.20 and a 12-month high of GBX 64.60. The business has a 50-day moving average of GBX 51.41 and a two-hundred day moving average of GBX 52.79.
Analyst Ratings Changes
GSF has been the subject of several recent research reports. Shore Capital Group restated a “house stock” rating on shares of Gore Street Energy Storage Fund in a report on Wednesday. Jefferies Financial Group restated a “hold” rating on shares of Gore Street Energy Storage Fund in a report on Thursday, July 2nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of GBX 60.
About Gore Street Energy Storage Fund
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.
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