Gore Street Energy Storage Fund (LON:GSF) Stock Price Up 0.2% – Here’s Why

Shares of Gore Street Energy Storage Fund (LON:GSFGet Free Report) rose 0.2% during mid-day trading on Thursday . The company traded as high as GBX 47.50 and last traded at GBX 46.60. Approximately 1,555,836 shares traded hands during trading, an increase of 22% from the average daily volume of 1,270,807 shares. The stock had previously closed at GBX 46.50.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group reissued a “hold” rating on shares of Gore Street Energy Storage Fund in a report on Thursday, July 2nd. Shore Capital Group reissued a “house stock” rating on shares of Gore Street Energy Storage Fund in a report on Wednesday, July 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Read Our Latest Stock Analysis on Gore Street Energy Storage Fund

Gore Street Energy Storage Fund Trading Up 0.2%

The firm’s 50 day simple moving average is GBX 49.35 and its 200 day simple moving average is GBX 51.87. The firm has a market cap of £235.38 million, a PE ratio of -7.34 and a beta of 0.38.

Gore Street Energy Storage Fund (LON:GSFGet Free Report) last posted its earnings results on Thursday, July 16th. The company reported GBX (23.72) EPS for the quarter. Gore Street Energy Storage Fund had a negative return on equity of 28.75% and a net margin of 102.56%. As a group, equities research analysts predict that Gore Street Energy Storage Fund will post 2.9007634 earnings per share for the current fiscal year.

Gore Street Energy Storage Fund Company Profile

(Get Free Report)

About Us: Gore Street Energy Storage Fund plc is London’s first listed energy storage fund, launched in 2018. The Company is the only UK-listed energy storage fund with a diversified portfolio across five grid networks. The Company is one of the principal owners and operators of battery storage facilities in Great Britain and Ireland and owns and operates facilities in Western Mainland Europe and the US. It is listed on the Premium Segment of the London Stock Exchange and included in the FTSE All-Share Index.
Energy storage technologies enhance power system stability and flexibility and are key tools for balancing out variability in renewable energy generation, facilitating the integration of more renewable energy supply into power grids.

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