Zeo Energy’s (ZEO) Sell (D) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d) rating on shares of Zeo Energy (NASDAQ:ZEO) in a report published on Friday,Weiss Ratings reports.

Zeo Energy Stock Performance

NASDAQ ZEO opened at $1.96 on Friday. The company has a market capitalization of $107.47 million, a PE ratio of -2.76 and a beta of -0.20. Zeo Energy has a 52-week low of $0.95 and a 52-week high of $3.95. The company has a 50-day simple moving average of $1.51 and a 200 day simple moving average of $2.01.

Zeo Energy (NASDAQ:ZEO) last released its earnings results on Wednesday, August 13th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $18.10 million for the quarter.

Insider Buying and Selling at Zeo Energy

In other Zeo Energy news, COO Kalen Larsen sold 26,636 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $1.61, for a total value of $42,883.96. Following the sale, the chief operating officer directly owned 2,411,637 shares in the company, valued at $3,882,735.57. The trade was a 1.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brandon Bridgewater sold 26,636 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $1.61, for a total value of $42,883.96. Following the transaction, the insider directly owned 2,956,637 shares in the company, valued at $4,760,185.57. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 176,726 shares of company stock worth $294,173. Corporate insiders own 56.17% of the company’s stock.

Hedge Funds Weigh In On Zeo Energy

Large investors have recently made changes to their positions in the stock. Citizens Financial Group Inc. RI bought a new stake in shares of Zeo Energy during the 3rd quarter valued at $359,000. Geode Capital Management LLC boosted its stake in Zeo Energy by 98.2% in the 2nd quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock worth $504,000 after purchasing an additional 86,047 shares during the period. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in Zeo Energy during the 3rd quarter valued at about $42,000.

Zeo Energy Company Profile

Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes.