Gore Street Energy Storage Fund (LON:GSF) Earns House Stock Rating from Shore Capital

Key Points

• Gore Street Energy Storage Fund (LON:GSF) received a "house stock" rating from Shore Capital, indicating analysts' positive outlook on the stock.
• Royal Bank of Canada assigned an "underperform" rating and set a price target of GBX 60 ($0.81) for the shares, reflecting a cautious view on the fund's performance.
• The stock has a market cap of £312.71 million and reported a negative net margin of 80.72% along with earnings of GBX 1.85 ($0.02) per share for the recent quarter.

Gore Street Energy Storage Fund (LON:GSF - Get Free Report)'s stock had its "house stock" rating restated by equities research analysts at Shore Capital in a research note issued on Friday, MarketBeat.com reports.

Separately, Royal Bank Of Canada reissued an "underperform" rating and set a GBX 60 ($0.81) price target on shares of Gore Street Energy Storage Fund in a research report on Thursday, July 17th.

Gore Street Energy Storage Fund Price Performance

LON GSF traded up GBX 0.40 ($0.01) during trading hours on Friday, reaching GBX 60.60 ($0.81). 683,966 shares of the company's stock traded hands, compared to its average volume of 1,703,211. Gore Street Energy Storage Fund has a 52-week low of GBX 42.40 ($0.57) and a 52-week high of GBX 69 ($0.93). The firm has a market cap of £312.35 million, a PE ratio of -52.37 and a beta of 0.31. The firm has a 50-day simple moving average of GBX 62.84 and a 200 day simple moving average of GBX 57.27.

Gore Street Energy Storage Fund (LON:GSF - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported GBX 1.85 ($0.02) EPS 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%. Sell-side analysts forecast that Gore Street Energy Storage Fund will post 2.9007634 EPS for the current fiscal year.

About Gore Street Energy Storage Fund

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.