Zeo Energy Corp. (NASDAQ:ZEO) Short Interest Update

Zeo Energy Corp. (NASDAQ:ZEO) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 168,906 shares, a growth of 53.5% from the December 15th total of 110,039 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 148,382 shares, the short-interest ratio is currently 1.1 days. Based on an average daily trading volume, of 148,382 shares, the short-interest ratio is currently 1.1 days. Approximately 0.7% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research firms recently commented on ZEO. Weiss Ratings reissued a “sell (e+)” rating on shares of Zeo Energy in a research note on Monday, December 29th. Wall Street Zen upgraded Zeo Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zeo Energy currently has a consensus rating of “Sell”.

Insider Transactions at Zeo Energy

In related news, insider Brandon Bridgewater sold 32,669 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $1.16, for a total transaction of $37,896.04. Following the completion of the transaction, the insider directly owned 2,876,747 shares in the company, valued at $3,337,026.52. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 79,890 shares of company stock worth $93,607 over the last three months. 56.17% of the stock is currently owned by company insiders.

Institutional Trading of Zeo Energy

Several hedge funds and other institutional investors have recently bought and sold shares of ZEO. U.S. Capital Wealth Advisors LLC bought a new position in shares of Zeo Energy in the 3rd quarter worth approximately $42,000. Citizens Financial Group Inc. RI purchased a new stake in Zeo Energy in the third quarter worth $359,000. Mission Wealth Management LP bought a new position in Zeo Energy in the third quarter worth $33,000. Piper Sandler & CO. bought a new position in Zeo Energy in the third quarter worth $915,000. Finally, CIBC Bancorp USA Inc. purchased a new position in Zeo Energy during the third quarter valued at $26,000.

Zeo Energy Price Performance

Shares of NASDAQ:ZEO opened at $1.00 on Friday. The stock has a market cap of $57.53 million, a PE ratio of -1.33 and a beta of -0.13. The company’s fifty day moving average is $1.18 and its 200 day moving average is $1.65. Zeo Energy has a 52 week low of $0.90 and a 52 week high of $3.88.

Zeo Energy (NASDAQ:ZEO) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $23.90 million during the quarter.

About Zeo Energy

Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes. Its residential solar energy systems comprise solar panels, inverters, and racking systems. It also offers insulation services, such as adding insulation to a home's attic or walls; energy efficiency equipment, including hybrid electric water heaters and swimming pool pumps; battery-based energy storage systems; and roofing services.