Canaccord Genuity Group Cuts eEnergy Group (LON:EAAS) Price Target to GBX 9

eEnergy Group (LON:EAAS) had its price target cut by Canaccord Genuity Group from GBX 12 to GBX 9 in a research report released on Tuesday,Digital Look reports. They currently have a buy rating on the stock.

eEnergy Group Stock Down 0.4%

Shares of LON EAAS opened at GBX 2.59 on Tuesday. eEnergy Group has a 12-month low of GBX 2.33 and a 12-month high of GBX 6.70. The stock’s fifty day simple moving average is GBX 3.06 and its two-hundred day simple moving average is GBX 4.49. The stock has a market capitalization of £10.03 million, a PE ratio of -3.28 and a beta of 1.15. The company has a current ratio of 0.88, a quick ratio of 0.99 and a debt-to-equity ratio of 7,144.44.

eEnergy Group (LON:EAAS) last released its quarterly earnings results on Monday, August 3rd. The company reported GBX (0.30) EPS for the quarter. eEnergy Group had a negative return on equity of 1,238.11% and a negative net margin of 9.82%. As a group, analysts expect that eEnergy Group will post 0.4001368 EPS for the current fiscal year.

About eEnergy Group

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.