eEnergy Group (LON:EAAS) Trading 14.9% Higher – Here’s Why

eEnergy Group Plc (LON:EAAS) was up 14.9% during mid-day trading on Friday . The company traded as high as GBX 3 and last traded at GBX 2.93. Approximately 2,618,712 shares changed hands during trading, an increase of 71% from the average session volume of 1,528,102 shares. The stock had previously closed at GBX 2.55.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 12 target price on shares of eEnergy Group in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 12.

eEnergy Group Stock Performance

The stock has a market cap of £11.35 million, a price-to-earnings ratio of -3.33 and a beta of 1.13. The company’s 50-day simple moving average is GBX 4.56 and its 200-day simple moving average is GBX 4.93. The company has a quick ratio of 0.99, a current ratio of 0.74 and a debt-to-equity ratio of 489.38.

eEnergy Group (LON:EAAS) last released its quarterly earnings data on Thursday, April 30th. The company reported GBX (0.88) earnings per share for the quarter. The company had revenue of GBX 1,900 million for the quarter. eEnergy Group had a negative return on equity of 149.97% and a negative net margin of 17.86%. Analysts predict that eEnergy Group Plc will post 0.4001368 EPS for the current fiscal year.

eEnergy Group Company Profile

eEnergy (AIM: EAAS) is a UK-based Energy-as-a-Service (EaaS) provider, funding and delivering energy-saving and energy-generating solutions across multi-site public sector and commercial portfolios-helping customers cut energy waste, reduce operating costs, and improve building resilience with zero upfront cost.

eEnergy delivers four core solutions:
· Reduce: LED lighting and controls
· Generate: Solar PV (rooftop, ground mount, and carport)
· Store: Battery storage (store onsite generation and reduce peak-time import costs)
· Charge: EV charging infrastructure and management

Projects are funded through dedicated third party debt facilities, including up to £100m of project funding via eEnergy’s partnership with Redaptive.

eEnergy’s routes to market include direct sales, public sector frameworks, tenders, and strategic partnerships.