Zeo Energy (NASDAQ:ZEO) Stock Price Down 1.1% - Here's What Happened

Zeo Energy Corp. (NASDAQ:ZEO - Get Free Report)'s share price dropped 1.1% during trading on Wednesday . The company traded as low as $2.67 and last traded at $2.69. Approximately 84,184 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 1,174,037 shares. The stock had previously closed at $2.72.

Zeo Energy Stock Down 3.1%

The firm has a market cap of $124.26 million, a price-to-earnings ratio of -4.42 and a beta of -0.10. The business's fifty day moving average is $2.46 and its two-hundred day moving average is $2.21.

Zeo Energy (NASDAQ:ZEO - Get Free Report) last announced its quarterly earnings data on Monday, June 16th. The company reported ($0.48) earnings per share (EPS) for the quarter. The business had revenue of $8.78 million for the quarter.

Hedge Funds Weigh In On Zeo Energy

A hedge fund recently raised its stake in Zeo Energy stock. Geode Capital Management LLC increased its stake in shares of Zeo Energy Corp. (NASDAQ:ZEO - Free Report) by 140.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,389 shares of the company's stock after acquiring an additional 45,190 shares during the period. Geode Capital Management LLC owned about 0.16% of Zeo Energy worth $265,000 as of its most recent SEC filing.

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.