Gresham House Energy Storage (LON:GRID – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported GBX (0.63) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Gresham House Energy Storage had a return on equity of 3.71% and a net margin of 90.03%.
Gresham House Energy Storage Price Performance
Shares of GRID stock opened at GBX 97.22 on Wednesday. The stock’s fifty day moving average price is GBX 96.49 and its 200 day moving average price is GBX 85.15. Gresham House Energy Storage has a 1-year low of GBX 66.90 and a 1-year high of GBX 104.50. The company has a market cap of £553.24 million, a price-to-earnings ratio of 23.71 and a beta of 0.03.
Wall Street Analysts Forecast Growth
GRID has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective on Gresham House Energy Storage from GBX 80 to GBX 85 and gave the stock a “sector perform” rating in a research note on Friday, May 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Gresham House Energy Storage in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 85.
About Gresham House Energy Storage
Gresham House Energy Storage Fund plc (GRID or the Fund) seeks to capitalise on the growing intraday supply and demand imbalances caused by Great Britain’s ever increasing reliance on renewable energy. The Fund aims to provide investors with an attractive and sustainable dividend by investing in a portfolio of utility-scale Battery Energy Storage Systems (BESS) located in Great Britain, which primarily use batteries to import and export power, accessing multiple revenue sources available in the power market.
Gresham House Asset Management Limited (GHAM), is the investment Manager for Gresham House Energy Storage Fund plc.
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