Gore Street Energy Storage Fund (LON:GSF) Stock Price Down 10.5% – Here’s Why

Gore Street Energy Storage Fund (LON:GSF)’s stock price fell 10.5% during mid-day trading on Monday . The company traded as low as GBX 50.70 and last traded at GBX 53.71. 1,346,815 shares were traded during mid-day trading, a decline of 17% from the average session volume of 1,616,954 shares. The stock had previously closed at GBX 60.

Analysts Set New Price Targets

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

Gore Street Energy Storage Fund Price Performance

The stock has a market cap of £272.75 million, a price-to-earnings ratio of 44.26 and a beta of 0.31. The business’s 50 day moving average is GBX 61.25 and its 200 day moving average is GBX 60.62.

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

Gore Street Energy Storage Fund Company Profile

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.