Brenmiller Energy Ltd. (NASDAQ:BNRG – Get Free Report)’s share price traded down 0.6% during mid-day trading on Tuesday . The stock traded as low as $2.8575 and last traded at $3.44. 387,935 shares changed hands during trading, a decline of 39% from the average daily volume of 635,639 shares. The stock had previously closed at $3.46.
Wall Street Analysts Forecast Growth
BNRG has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Brenmiller Energy in a research report on Friday, July 17th. Wall Street Zen upgraded Brenmiller Energy to a “sell” rating in a research note on Saturday, June 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.
Check Out Our Latest Report on BNRG
Brenmiller Energy Stock Performance
Brenmiller Energy Company Profile
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.
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