eEnergy Group (LON:EAAS) Trading Up 14.9% – Still a Buy?

eEnergy Group Plc (LON:EAAS) shares rose 14.9% during mid-day trading on Friday . The stock traded as high as GBX 3 and last traded at GBX 2.93. Approximately 2,618,712 shares traded hands during trading, an increase of 71% from the average daily volume of 1,528,102 shares. The stock had previously closed at GBX 2.55.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 12 price objective on shares of eEnergy Group in a report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 12.

eEnergy Group Trading Up 14.9%

The firm has a market cap of £11.35 million, a P/E ratio of -3.33 and a beta of 1.13. The company has a debt-to-equity ratio of 489.38, a quick ratio of 0.99 and a current ratio of 0.74. The firm has a fifty day moving average of GBX 4.56 and a 200-day moving average of GBX 4.93.

eEnergy Group (LON:EAAS) last posted its earnings results on Thursday, April 30th. The company reported GBX (0.88) earnings per share (EPS) for the quarter. eEnergy Group had a negative net margin of 17.86% and a negative return on equity of 149.97%. The company had revenue of GBX 1,900 million during the quarter. Equities research analysts forecast that eEnergy Group Plc will post 0.4001368 earnings per share for the current year.

eEnergy Group Company Profile

eEnergy (AIM: EAAS) is a UK-based Energy-as-a-Service (EaaS) provider, funding and delivering energy-saving and energy-generating solutions across multi-site public sector and commercial portfolios-helping customers cut energy waste, reduce operating costs, and improve building resilience with zero upfront cost.

eEnergy delivers four core solutions:
· Reduce: LED lighting and controls
· Generate: Solar PV (rooftop, ground mount, and carport)
· Store: Battery storage (store onsite generation and reduce peak-time import costs)
· Charge: EV charging infrastructure and management

Projects are funded through dedicated third party debt facilities, including up to £100m of project funding via eEnergy’s partnership with Redaptive.

eEnergy’s routes to market include direct sales, public sector frameworks, tenders, and strategic partnerships.