eEnergy Group (LON:EAAS) Trading Up 18.5% – Should You Buy?

eEnergy Group Plc (LON:EAAS)’s stock price rose 18.5% during trading on Wednesday . The company traded as high as GBX 3.20 and last traded at GBX 3.20. 3,044,713 shares changed hands during mid-day trading, an increase of 105% from the average session volume of 1,488,559 shares. The stock had previously closed at GBX 2.70.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 12 target price on shares of eEnergy Group in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, eEnergy Group currently has a consensus rating of “Buy” and an average target price of GBX 12.

eEnergy Group Stock Performance

The company has a current ratio of 0.74, a quick ratio of 0.99 and a debt-to-equity ratio of 489.38. The company’s 50-day moving average is GBX 3.76 and its two-hundred day moving average is GBX 4.74. The firm has a market cap of £12.78 million, a P/E ratio of -3.75 and a beta of 1.13.

eEnergy Group (LON:EAAS) last issued its quarterly earnings data on Thursday, April 30th. The company reported GBX (0.88) earnings per share (EPS) for the quarter. eEnergy Group had a negative return on equity of 149.97% and a negative net margin of 17.86%.The firm had revenue of GBX 1,900 million during the quarter. As a group, equities analysts predict that eEnergy Group Plc will post 0.4001368 EPS for the current fiscal year.

eEnergy Group Company Profile

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.