Zeo Energy (NASDAQ:ZEO) Releases Quarterly Earnings Results

Zeo Energy (NASDAQ:ZEO) announced its quarterly earnings results on Friday. The company reported ($0.11) EPS for the quarter, FiscalAI reports. The firm had revenue of $13.18 million during the quarter.

Zeo Energy Price Performance

Shares of NASDAQ:ZEO opened at $0.89 on Friday. The business’s 50 day simple moving average is $0.81 and its 200-day simple moving average is $1.05. The firm has a market capitalization of $51.42 million, a price-to-earnings ratio of -1.20 and a beta of 0.67. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.69 and a quick ratio of 2.59. Zeo Energy has a 12 month low of $0.52 and a 12 month high of $3.68.

Institutional Investors Weigh In On Zeo Energy

Several institutional investors have recently modified their holdings of the company. Piper Sandler & CO. purchased a new stake in Zeo Energy in the 3rd quarter valued at approximately $915,000. Citizens Financial Group Inc. RI purchased a new stake in Zeo Energy in the 3rd quarter valued at approximately $359,000. Geode Capital Management LLC lifted its stake in Zeo Energy by 98.2% in the 2nd quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock valued at $504,000 after buying an additional 86,047 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of Zeo Energy during the 1st quarter worth $43,000. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Zeo Energy during the 4th quarter worth $77,000.

About Zeo Energy

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.