eEnergy Group (LON:EAAS) Shares Up 14.9% – What’s Next?

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

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 12 price target on shares of eEnergy Group in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 12.

eEnergy Group Stock Performance

The business’s 50-day simple moving average is GBX 4.52 and its two-hundred day simple moving average is GBX 4.92. The company has a quick ratio of 0.99, a current ratio of 0.74 and a debt-to-equity ratio of 489.38. The firm has a market cap of £11.35 million, a price-to-earnings ratio of -3.33 and a beta of 1.13.

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

About eEnergy Group

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.