Brenmiller Energy (NASDAQ:BNRG) Trading 0.7% Higher – Should You Buy?

Brenmiller Energy Ltd. (NASDAQ:BNRG) shares rose 0.7% during mid-day trading on Monday . The company traded as high as $0.8860 and last traded at $0.8401. Approximately 1,300,595 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 1,801,820 shares. The stock had previously closed at $0.8346.

Analyst Upgrades and Downgrades

A number of analysts have commented on BNRG shares. Wall Street Zen raised shares of Brenmiller Energy to a “sell” rating in a report on Saturday, June 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brenmiller Energy in a research report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Brenmiller Energy Stock Up 0.7%

The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.97. The company has a fifty day simple moving average of $1.27 and a 200-day simple moving average of $5.79. The firm has a market cap of $453,654.00, a P/E ratio of -0.00 and a beta of -0.65.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Brenmiller Energy stock. Citadel Advisors LLC bought a new position in Brenmiller Energy Ltd. (NASDAQ:BNRG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 21,411 shares of the company’s stock, valued at approximately $34,000. Citadel Advisors LLC owned approximately 0.55% of Brenmiller Energy at the end of the most recent quarter. 13.23% of the stock is currently owned by institutional investors.

Brenmiller Energy Company Profile

Brenmiller Energy is a Tel Aviv–based technology company specializing in industrial-scale thermal energy storage solutions. The firm’s core business centers on its proprietary Adiabatic Compressed Air Energy Storage (A-CAES) process, which captures excess or off-peak electricity to drive compressors and store heat in insulated thermal tanks. By re-introducing the stored heat into the compressed air stream at a later time, the system generates clean, dispatchable energy without relying on fossil fuels.

The company’s flagship product, StorageCube, integrates its A-CAES technology with advanced control software to deliver reliable power and high-temperature heat for a variety of applications.