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

Key Points

• Zeo Energy has received a "Sell (D)" rating from Weiss Ratings, indicating potential caution for investors.
• The company's stock increased by 1.1% to $1.36, with a market cap of approximately $74.29 million.
• Insider trading activity included sales from executives, with a combined sale of 64,824 shares in August, which decreased their ownership in the company.

Zeo Energy (NASDAQ:ZEO - Get Free Report)'s stock had its "sell (d)" rating reissued by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Zeo Energy Stock Up 1.1%

Shares of NASDAQ:ZEO traded up $0.02 on Wednesday, hitting $1.36. The company had a trading volume of 34,030 shares, compared to its average volume of 966,610. The firm's 50-day simple moving average is $1.71 and its two-hundred day simple moving average is $2.01. Zeo Energy has a 1 year low of $0.95 and a 1 year high of $3.95. The firm has a market capitalization of $74.29 million, a price-to-earnings ratio of -1.91 and a beta of -0.20.

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

Insider Activity

In related news, insider Brandon Bridgewater sold 32,412 shares of the 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 completion of the transaction, the insider directly owned 2,967,588 shares in the company, valued at $5,193,279. This trade represents a 1.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kalen Larsen sold 32,412 shares of the 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 completion of the transaction, the chief operating officer owned 2,467,588 shares of the company's stock, valued at approximately $4,318,279. The trade was a 1.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 176,726 shares of company stock valued at $294,173. 56.17% of the stock is owned by company insiders.

Institutional Trading of Zeo Energy

A hedge fund recently raised its stake in Zeo Energy stock. Geode Capital Management LLC raised its position in shares of Zeo Energy Corp. (NASDAQ:ZEO - Free Report) by 98.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 173,670 shares of the company's stock after purchasing an additional 86,047 shares during the quarter. Geode Capital Management LLC owned 0.35% of Zeo Energy worth $504,000 at the end of the most recent quarter.

About Zeo Energy

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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