Harmony Energy Income Trust (LON:HEIT) Trading Up 3.6%

Harmony Energy Income Trust (LON:HEIT) shares were up 3.6% on Tuesday . The company traded as high as GBX 48.99 ($0.62) and last traded at GBX 48.50 ($0.61). Approximately 774,108 shares were traded during trading, a decline of 31% from the average daily volume of 1,122,725 shares. The stock had previously closed at GBX 46.80 ($0.59).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 110 ($1.38) price target on shares of Harmony Energy Income Trust in a report on Wednesday, February 28th.

Harmony Energy Income Trust Stock Performance

The business’s fifty day moving average price is GBX 42.08 and its two-hundred day moving average price is GBX 58.90.

Insider Buying and Selling at Harmony Energy Income Trust

In related news, insider Janine Freeman purchased 11,775 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of GBX 42 ($0.53) per share, for a total transaction of £4,945.50 ($6,212.94). In other news, insider Hugh McNeal bought 9,881 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average cost of GBX 40 ($0.50) per share, for a total transaction of £3,952.40 ($4,965.33). Also, insider Janine Freeman bought 11,775 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were purchased at an average cost of GBX 42 ($0.53) per share, with a total value of £4,945.50 ($6,212.94). Insiders have purchased a total of 33,431 shares of company stock worth $1,384,340 over the last three months. Corporate insiders own 11.33% of the company’s stock.

Harmony Energy Income Trust Company Profile

Harmony Energy Income Trust Plc, an investment company, focuses on investing in energy storage and renewable energy generation projects in the United Kingdom. The company was incorporated in 2021 and is based in London, the United Kingdom.