Brenmiller Energy (NASDAQ:BNRG) Trading 12.4% Higher – Time to Buy?

Brenmiller Energy Ltd. (NASDAQ:BNRG)’s stock price rose 12.4% during trading on Tuesday . The stock traded as high as $0.4573 and last traded at $0.4440. 460,137 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 3,769,246 shares. The stock had previously closed at $0.3951.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BNRG shares. Wall Street Zen raised Brenmiller Energy to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Brenmiller Energy in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Brenmiller Energy Trading Up 12.4%

The company has a debt-to-equity ratio of 0.97, a current ratio of 1.33 and a quick ratio of 1.03. The business’s 50 day moving average is $0.89 and its 200 day moving average is $3.82. The stock has a market cap of $1.14 million, a price-to-earnings ratio of -0.00 and a beta of -0.60.

Brenmiller Energy shares are scheduled to reverse split on Thursday, August 13th. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, August 12th.

Hedge Funds Weigh In On Brenmiller Energy

An institutional investor recently bought a new stake in Brenmiller Energy stock. Citadel Advisors LLC acquired a new stake in Brenmiller Energy Ltd. (NASDAQ:BNRG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned approximately 0.55% of Brenmiller Energy at the end of the most recent reporting period. 13.23% of the stock is owned by institutional investors and hedge funds.

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.