eEnergy Group Balances Challenges with Growth

eEnergy Group (GB:EAAS) has released an update.

eEnergy Group reports a challenging first half with a core revenue drop to £6.0m and a £(2.0)m EBITDA loss, but celebrates the sale of its Energy Management Division for £29.3m and a record £5.2m solar contract. The company has streamlined its business, resulting in a 25% growth in its sales pipeline, and secured a £40m project funding facility. Looking ahead, eEnergy anticipates strong momentum with a forecasted record revenue in Q3 and maintains its full-year revenue guidance, despite variables such as weather impacting project timelines.

For further insights into GB:EAAS stock, check out TipRanks’ Stock Analysis page.