Zeo Energy (NASDAQ:ZEO) Issues Earnings Results

Zeo Energy (NASDAQ:ZEO) posted its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $18.57 million for the quarter.

Zeo Energy Stock Performance

Shares of ZEO stock opened at $0.63 on Friday. The stock’s fifty day moving average is $0.96 and its two-hundred day moving average is $1.18. The firm has a market capitalization of $36.49 million, a P/E ratio of -0.86 and a beta of 0.13. Zeo Energy has a fifty-two week low of $0.52 and a fifty-two week high of $3.68.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in Zeo Energy by 98.2% during the second quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock worth $504,000 after acquiring an additional 86,047 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Zeo Energy in the 3rd quarter valued at $42,000. Citizens Financial Group Inc. RI purchased a new position in Zeo Energy during the third quarter worth about $359,000. Mission Wealth Management LP acquired a new stake in Zeo Energy in the 3rd quarter valued at approximately $33,000. Finally, Piper Sandler & CO. acquired a new stake in shares of Zeo Energy in the third quarter valued at $915,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zeo Energy in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Zeo Energy

Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes. Its residential solar energy systems comprise solar panels, inverters, and racking systems. It also offers insulation services, such as adding insulation to a home's attic or walls; energy efficiency equipment, including hybrid electric water heaters and swimming pool pumps; battery-based energy storage systems; and roofing services.