Gore Street Energy Storage Fund (LON:GSF) Shares Up 0.4% – Time to Buy?

Gore Street Energy Storage Fund (LON:GSF)’s share price was up 0.4% during mid-day trading on Wednesday . The stock traded as high as GBX 49.15 and last traded at GBX 48.20. Approximately 1,046,155 shares traded hands during trading, a decline of 4% from the average session volume of 1,093,228 shares. The stock had previously closed at GBX 48.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “hold” rating on shares of Gore Street Energy Storage Fund in a research report on Thursday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Gore Street Energy Storage Fund presently has an average rating of “Reduce” and an average target price of GBX 60.

Gore Street Energy Storage Fund Stock Performance

The stock has a market cap of £242.45 million, a PE ratio of -7.56 and a beta of 0.37. The stock has a fifty day moving average price of GBX 52.44 and a 200 day moving average price of GBX 53.18.

Gore Street Energy Storage Fund Company Profile

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.