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Harmony Energy Income Trust (LON:HEIT) Shares Up 9.6% - Still a Buy?

Harmony Energy Income Trust logo with Financial Services background

Harmony Energy Income Trust Plc (LON:HEIT - Get Free Report)'s share price was up 9.6% on Thursday . The stock traded as high as GBX 96.20 ($1.29) and last traded at GBX 95.80 ($1.28). Approximately 939,089 shares traded hands during trading, a decline of 45% from the average daily volume of 1,700,980 shares. The stock had previously closed at GBX 87.40 ($1.17).

Harmony Energy Income Trust Stock Performance

The stock's fifty day moving average price is GBX 76.81 and its 200-day moving average price is GBX 64.21. The company has a market capitalization of £215.60 million, a P/E ratio of -6.33 and a beta of 0.20.

Harmony Energy Income Trust (LON:HEIT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported GBX (25) (($0.33)) earnings per share (EPS) for the quarter. Harmony Energy Income Trust had a net margin of 106.46% and a negative return on equity of 14.61%.

About Harmony Energy Income Trust

(Get Free Report)

The Harmony Energy Income Trust (‘HEIT') is a “pure play” battery energy storage systems (BESS) owner and operator with an exclusive focus on 2-hour duration BESS in GB. It was launched on the London Stock Exchange in November 2021. It currently holds 494.4MW / 988.8 MWh of BESS projects spread across Great Britain.

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