Brenmiller Energy (NASDAQ:BNRG) Stock Price Up 0.7% – Here’s Why

Brenmiller Energy Ltd. (NASDAQ:BNRG) shares rose 0.7% on Monday . The company traded as high as $0.8860 and last traded at $0.8401. Approximately 1,300,595 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 1,801,820 shares. The stock had previously closed at $0.8346.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Brenmiller Energy to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brenmiller Energy in a report on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Brenmiller Energy Price Performance

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 firm has a 50-day moving average of $1.27 and a 200-day moving average of $5.79. The stock has a market cap of $453,654.00, a PE ratio of -0.00 and a beta of -0.65.

Institutional Investors Weigh In On Brenmiller Energy

A hedge fund recently bought a new position in Brenmiller Energy stock. Citadel Advisors LLC acquired a new stake in shares of Brenmiller Energy Ltd. (NASDAQ:BNRG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned about 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.