Gore Street Energy Storage Fund (LON:GSF – Get Free Report) released its quarterly earnings results on Thursday. The company reported GBX (23.72) EPS for the quarter, Digital Look Earnings reports. Gore Street Energy Storage Fund had a negative return on equity of 7.69% and a net margin of 131.36%.
Gore Street Energy Storage Fund Trading Down 0.1%
Shares of Gore Street Energy Storage Fund stock opened at GBX 45.70 on Friday. The company’s 50-day moving average price is GBX 51.24 and its two-hundred day moving average price is GBX 52.72. Gore Street Energy Storage Fund has a 52 week low of GBX 43.20 and a 52 week high of GBX 64.60. The stock has a market cap of £230.85 million, a PE ratio of -7.20 and a beta of 0.38.
Wall Street Analyst Weigh In
A number of research analysts recently commented on GSF shares. Shore Capital Group reiterated a “house stock” rating on shares of Gore Street Energy Storage Fund in a research note on Wednesday. Jefferies Financial Group restated a “hold” rating on shares of Gore Street Energy Storage Fund in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Gore Street Energy Storage Fund currently has a consensus rating of “Hold”.
About Gore Street Energy Storage Fund
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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