Zeo Energy (NASDAQ:ZEO) Stock Price Down 9% - Here's Why

Key Points

• Zeo Energy Corp. shares dropped by 9%, closing at $1.92, with trading volume significantly increased to 146,558 shares compared to an average of 33,599.
• The company reported a loss of ($0.11) EPS and revenue of $18.10 million for the last quarter.
• A hedge fund recently acquired a stake in Zeo Energy, purchasing 12,126 shares valued at approximately $42,000.

Zeo Energy Corp. (NASDAQ:ZEO - Get Free Report)'s share price fell 9% on Monday . The company traded as low as $1.88 and last traded at $1.92. 146,558 shares traded hands during mid-day trading, an increase of 336% from the average session volume of 33,599 shares. The stock had previously closed at $2.11.

Zeo Energy Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.76 and a quick ratio of 0.70. The stock has a market cap of $88.28 million, a price-to-earnings ratio of -2.27 and a beta of -0.12. The business's 50-day simple moving average is $2.47 and its two-hundred day simple moving average is $2.12.

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

Institutional Trading of Zeo Energy

An institutional investor recently raised its position in Zeo Energy stock. Geode Capital Management LLC raised its stake in Zeo Energy Corp. (NASDAQ:ZEO - Free Report) by 98.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,670 shares of the company's stock after buying an additional 86,047 shares during the period. Geode Capital Management LLC owned 0.35% of Zeo Energy worth $504,000 at the end of the most recent quarter.

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.