Gore Street Energy Storage Fund (LON:GSF) Stock Price Down 1.8% - Here's Why

Key Points

• Shares fell 1.8% to GBX 54 mid-day (low GBX 53.88) with 837,254 shares traded, about 27% below the average session volume.
• Insider Norman Crighton bought 50,000 shares at GBX 54 (≈£27,000); corporate insiders own 0.14% of the stock.
• The fund has a market cap of £272.8m, a negative P/E of -8.50 and a beta of 0.45, and is London’s first listed energy storage fund with a diversified portfolio across Great Britain, Ireland, Western Europe and the US.

Gore Street Energy Storage Fund (LON:GSF - ) shares traded down 1.8% during mid-day trading on Tuesday . The stock traded as low as GBX 53.88 and last traded at GBX 54. 837,254 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 1,142,350 shares. The stock had previously closed at GBX 55.

Gore Street Energy Storage Fund Price Performance

The company's 50-day moving average is GBX 52.91 and its 200-day moving average is GBX 56.14. The firm has a market capitalization of £272.75 million, a price-to-earnings ratio of -8.50 and a beta of 0.45.

Insider Activity

In related news, insider Norman Crighton bought 50,000 shares of the firm's stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of GBX 54 per share, with a total value of £27,000. Corporate insiders own 0.14% of the company's stock.

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. It is listed on the Premium Segment of the London Stock Exchange and included in the FTSE All-Share Index. Energy storage technologies enhance power system stability and flexibility and are key tools for balancing out variability in renewable energy generation, facilitating the integration of more renewable energy supply into power grids.

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