Zeo Energy (NASDAQ:ZEO) Earns Sell (D) Rating from Weiss Ratings

Key Points

• Zeo Energy's stock has been given a sell (D) rating by Weiss Ratings, indicating a bearish outlook on the company's performance.
• The stock traded at $1.97 with a significant volume drop compared to its average, reflecting investor caution amid recent insider sales.
• An institutional investor, U.S. Capital Wealth Advisors LLC, has entered a new position in Zeo Energy, purchasing 31,411 shares valued at around $42,000.

Zeo Energy (NASDAQ:ZEO - Get Free Report)'s stock had its "sell (d)" rating reiterated by research analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Zeo Energy Price Performance

ZEO stock traded up $0.07 during mid-day trading on Friday, hitting $1.97. 78,715 shares of the stock were exchanged, compared to its average volume of 952,730. The business has a fifty day moving average price of $1.52 and a 200 day moving average price of $2.00. Zeo Energy has a 12 month low of $0.95 and a 12 month high of $3.95. The stock has a market capitalization of $107.74 million, a price-to-earnings ratio of -2.77 and a beta of -0.20.

Zeo Energy (NASDAQ:ZEO - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $18.10 million during the quarter.

Insider Activity

In related news, insider Brandon Bridgewater sold 32,412 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $1.75, for a total transaction of $56,721.00. Following the transaction, the insider owned 2,967,588 shares in the company, valued at $5,193,279. The trade was a 1.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Kalen Larsen sold 32,412 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $1.75, for a total value of $56,721.00. Following the transaction, the chief operating officer owned 2,467,588 shares in the company, valued at approximately $4,318,279. This represents a 1.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 176,726 shares of company stock worth $294,173. Company insiders own 56.17% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Zeo Energy stock. U.S. Capital Wealth Advisors LLC bought a new position in shares of Zeo Energy Corp. (NASDAQ:ZEO - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,411 shares of the company's stock, valued at approximately $42,000. U.S. Capital Wealth Advisors LLC owned 0.06% of Zeo Energy as of its most recent filing with the Securities and Exchange Commission.

Zeo Energy Company Profile

Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes.

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