Gore Street Energy Storage Fund’s (GSF) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of Gore Street Energy Storage Fund (LON:GSF) in a research note released on Wednesday morning,Digital Look reports.

Separately, Shore Capital Group reissued a “house stock” rating on shares of Gore Street Energy Storage Fund in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Gore Street Energy Storage Fund Stock Up 0.8%

Shares of LON:GSF opened at GBX 49.40 on Wednesday. Gore Street Energy Storage Fund has a 12-month low of GBX 43.20 and a 12-month high of GBX 64.50. The business has a 50 day moving average of GBX 48.14 and a 200-day moving average of GBX 50.38. The stock has a market cap of £249.52 million, a PE ratio of -2.08 and a beta of 0.34.

Gore Street Energy Storage Fund (LON:GSF) last released its quarterly earnings results on Thursday, July 16th. The company reported GBX (23.72) earnings per share (EPS) for the quarter. Gore Street Energy Storage Fund had a net margin of 102.56% and a negative return on equity of 28.75%. Equities research analysts expect that Gore Street Energy Storage Fund will post 2.90 earnings per share for the current year.

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.