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Gore Street Energy Storage ( (GB:GSF) ) has provided an update.
Gore Street Energy Storage Fund plc reported that non-executive director Simon Merriweather has increased his stake in the company through on-market purchases of 20,000 ordinary shares over two days at prices of 54.2p and 55.0p per share, leaving him with a total beneficial interest representing around 0.004% of the issued share capital. The director’s share purchase, disclosed under market abuse regulations, may be interpreted by investors as a modest vote of confidence in the fund’s strategy and prospects within the growing utility-scale energy storage sector.
The most recent analyst rating on (GB:GSF) stock is a Sell with a £50.00 price target. To see the full list of analyst forecasts on Gore Street Energy Storage stock, see the GB:GSF Stock Forecast page.
Spark’s Take on GB:GSF Stock
According to Spark, TipRanks’ AI Analyst, GB:GSF is a Neutral.
Gore Street Energy Storage demonstrates strengths in its strong balance sheet and positive corporate developments, such as capacity expansion and strategic asset sales. These are partially offset by challenges in revenue consistency and profitability margins, as reflected in the negative P/E ratio. The stock benefits from positive momentum and a high dividend yield, making it appealing for income-focused investors, while operational challenges remain a key area for improvement.
To see Spark’s full report on GB:GSF stock, click here.
More about Gore Street Energy Storage
Gore Street Energy Storage Fund plc is London’s first listed energy storage fund, offering investors exposure to a diversified portfolio of utility-scale energy storage projects. The company focuses on growth through its project pipeline while targeting consistent, robust dividend distributions for shareholders, positioning itself as a specialist vehicle in the expanding energy storage infrastructure market.
Average Trading Volume: 1,655,598
Technical Sentiment Signal: Sell
Current Market Cap: £277.8M
For a thorough assessment of GSF stock, go to TipRanks’ Stock Analysis page.