Gore Street Energy Storage Fund (LON:GSF) Stock Price Down 0.9% – Should You Sell?

Gore Street Energy Storage Fund (LON:GSF) traded down 0.9% during mid-day trading on Tuesday . The stock traded as low as GBX 53 and last traded at GBX 53.50. 6,577,532 shares were traded during trading, an increase of 457% from the average session volume of 1,179,858 shares. The stock had previously closed at GBX 54.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “house stock” rating on shares of Gore Street Energy Storage Fund in a research report on Friday, November 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell” and a consensus price target of GBX 60.

Gore Street Energy Storage Fund Trading Down 2.4%

The stock has a market capitalization of £266.19 million, a P/E ratio of -8.30 and a beta of 0.31. The company has a fifty day simple moving average of GBX 54.32 and a two-hundred day simple moving average of GBX 57.41.

Gore Street Energy Storage Fund (LON:GSF) last issued its quarterly earnings results on Monday, December 15th. The company reported GBX (10.67) EPS for the quarter. Gore Street Energy Storage Fund had a negative return on equity of 1.04% and a negative net margin of 80.72%. As a group, analysts forecast that Gore Street Energy Storage Fund will post 2.9007634 earnings per share for the current fiscal year.

Insider Transactions at Gore Street Energy Storage Fund

In other news, insider Simon Merriweather bought 13,000 shares of the stock in a transaction on Thursday, December 18th. The stock was purchased at an average price of GBX 55 per share, with a total value of £7,150. Also, insider Angus Gordon Lennox purchased 200,000 shares of Gore Street Energy Storage Fund stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of GBX 55 per share, for a total transaction of £110,000. Corporate insiders own 0.14% of the company’s stock.

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.