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Gore Street Energy Storage ( (GB:GSF) ) just unveiled an update.
Gore Street Energy Storage Fund plc announced that non-executive director Angus Gordon Lennox has purchased 200,000 ordinary shares in the company at an average price of 54.525 pence per share, giving him a beneficial interest of approximately 0.004% of the company’s issued share capital. The director’s share purchase, conducted on the London Stock Exchange, signals personal financial commitment to the fund and may be viewed by investors as a vote of confidence in the company’s strategy and long-term prospects in the 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, investing in a diversified portfolio of utility-scale energy storage projects. The company focuses on delivering both growth, by developing and acquiring assets from its project pipeline, and consistent, robust dividend income for shareholders from its operational portfolio.
Average Trading Volume: 1,654,151
Technical Sentiment Signal: Sell
Current Market Cap: £273.8M
For an in-depth examination of GSF stock, go to TipRanks’ Overview page.