Brenmiller Energy (NASDAQ:BNRG) Shares Up 12.4% – What’s Next?

Brenmiller Energy Ltd. (NASDAQ:BNRG)’s share price shot up 12.4% on Tuesday . The stock traded as high as $0.4573 and last traded at $0.4440. 460,137 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 3,769,246 shares. The stock had previously closed at $0.3951.

Analyst Upgrades and Downgrades

Several research analysts have commented on BNRG shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brenmiller Energy in a research report on Friday, July 17th. Wall Street Zen upgraded Brenmiller Energy to a “sell” rating in a research note on Saturday, June 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Brenmiller Energy Stock Performance

The stock has a market cap of $1.14 million, a PE ratio of -0.00 and a beta of -0.60. The stock has a fifty day moving average of $0.89 and a 200-day moving average of $3.82. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.97.

Brenmiller Energy shares are scheduled to reverse split before the market opens on Thursday, August 13th. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, August 12th.

Hedge Funds Weigh In On Brenmiller Energy

An institutional investor recently bought a new position in Brenmiller Energy stock. Citadel Advisors LLC bought a new position in Brenmiller Energy Ltd. (NASDAQ:BNRG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned 0.55% of Brenmiller Energy as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 13.23% of the company’s stock.

About Brenmiller Energy

Brenmiller Energy is a Tel Aviv–based technology company specializing in industrial-scale thermal energy storage solutions. The firm’s core business centers on its proprietary Adiabatic Compressed Air Energy Storage (A-CAES) process, which captures excess or off-peak electricity to drive compressors and store heat in insulated thermal tanks. By re-introducing the stored heat into the compressed air stream at a later time, the system generates clean, dispatchable energy without relying on fossil fuels.

The company’s flagship product, StorageCube, integrates its A-CAES technology with advanced control software to deliver reliable power and high-temperature heat for a variety of applications.