Gore Street Energy Storage Fund (LON:GSF) Stock Price Down 1.5% - Should You Sell?

Key Points

• Gore Street Energy Storage Fund shares fell 1.5% to GBX 49.03, with trading volume down 59% from the average session volume.
• Analyst sentiment remains cautious: Jefferies reaffirmed a “hold” rating, while MarketBeat reports a consensus “Hold” rating from the one analyst covering the stock.
• The fund has a £247.65 million market capitalization and operates a diversified battery-storage portfolio across the U.K., Ireland, Western Europe, and the U.S.

Gore Street Energy Storage Fund (LON:GSF - Get Free Report) traded down 1.5% on Wednesday. The stock traded as low as GBX 48.70 and last traded at GBX 49.03. 499,163 shares traded hands during trading, a decline of 59% from the average session volume of 1,209,683 shares. The stock had previously closed at GBX 49.80.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Shore Capital Group reaffirmed a "house stock" rating on shares of Gore Street Energy Storage Fund in a research note on Friday, August 21st. Jefferies Financial Group reaffirmed a "hold" rating on shares of Gore Street Energy Storage Fund in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, Gore Street Energy Storage Fund has a consensus rating of "Hold".

Gore Street Energy Storage Fund Stock Down 1.5%

The stock's 50 day moving average is GBX 48.73 and its 200-day moving average is GBX 50.97. The company has a market cap of £247.65 million, a PE ratio of -2.07 and a beta of 0.34.

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. 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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