Brenmiller Energy (NASDAQ:BNRG) Releases Earnings Results

Brenmiller Energy (NASDAQ:BNRG) issued its quarterly earnings data on Wednesday. The company reported ($15.30) earnings per share for the quarter, FiscalAI reports.

Brenmiller Energy Stock Down 9.8%

Shares of NASDAQ BNRG opened at $0.66 on Friday. The company has a 50-day simple moving average of $1.81 and a 200-day simple moving average of $6.72. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 4.09. Brenmiller Energy has a 12 month low of $0.55 and a 12 month high of $52.15.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brenmiller Energy in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of Brenmiller Energy

A hedge fund recently bought a new stake in Brenmiller Energy stock. Citadel Advisors LLC purchased a new stake in Brenmiller Energy Ltd. (NASDAQ:BNRG) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned about 0.55% of Brenmiller Energy as of its most recent filing with the SEC. Institutional investors own 13.23% of the company’s stock.

About Brenmiller Energy

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.