Shore Capital Group Reiterates “House Stock” Rating for Gore Street Energy Storage Fund (LON:GSF)

Gore Street Energy Storage Fund (LON:GSF)‘s stock had its “house stock” rating restated by research analysts at Shore Capital Group in a research note issued on Friday,London Stock Exchange reports.

Separately, Jefferies Financial Group reiterated a “hold” rating on shares of Gore Street Energy Storage Fund in a research note on Friday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Gore Street Energy Storage Fund has an average rating of “Hold”.

Gore Street Energy Storage Fund Stock Up 1.1%

Shares of LON GSF opened at GBX 47.96 on Friday. The business’s 50 day moving average is GBX 48.10 and its two-hundred day moving average is GBX 51.46. The company has a market cap of £242.26 million, a P/E ratio of -2.02 and a beta of 0.38. Gore Street Energy Storage Fund has a 12 month low of GBX 43.20 and a 12 month high of GBX 64.50.

Gore Street Energy Storage Fund (LON:GSF) last posted its quarterly earnings data on Thursday, July 16th. The company reported GBX (23.72) earnings per share for the quarter. Gore Street Energy Storage Fund had a net margin of 102.56% and a negative return on equity of 28.75%. Sell-side analysts expect that Gore Street Energy Storage Fund will post 2.9007634 earnings per share for the current fiscal year.

About Gore Street Energy Storage Fund

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.