Gore Street Energy Storage (GSF) AI Stock Analysis

• Market Cap: £274.77M
• Dividend Yield: 10.11%
• Average Volume (3M): 1.39M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.16
• Revenue Growth: 31.44%
• EPS Growth: -154.75%
• Country: UK
• Employees: N/A
• Sector: Energy
• Sector Strength: 86
• Industry: Asset Management Services
• EPS (TTM): -0.05
• Shares Outstanding: 505,099,500
• 10 Day Avg. Volume: 1,868,144
• 30 Day Avg. Volume: 1,386,442
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 6.19
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: 60.00p
• Price Target Upside: 12.36% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

Gore Street Energy Storage's stock score is bolstered by its strong balance sheet and positive corporate developments, such as increased capacity and international diversification. However, challenges in revenue consistency and profitability, along with a negative P/E ratio, temper the outlook. The high dividend yield offers some offsetting appeal for investors seeking income.

Gore Street Energy Storage Business Overview & Revenue Model

Company Description

Gore Street Energy Storage Fund (GSF) is a leading investment company focused on the energy storage sector, primarily in the UK and Ireland. The company specializes in acquiring, developing, and managing a diverse portfolio of energy storage assets, which are pivotal in supporting the integration of renewable energy and enhancing grid stability. By leveraging its expertise in energy storage technology, GSF aims to deliver sustainable returns for its investors while contributing to the global transition towards cleaner energy sources.

How the Company Makes Money

Gore Street Energy Storage Fund makes money primarily through the operation and management of energy storage assets that provide grid balancing services and energy arbitrage. These assets generate revenue by storing excess energy during periods of low demand and releasing it back into the grid when demand is high, thereby capitalizing on the price differences. The company also benefits from various government incentives and contracts for providing frequency response and other ancillary services to electricity grids. Additionally, GSF forms strategic partnerships with renewable energy developers and utilities, further enhancing its revenue streams and market presence.

Gore Street Energy Storage Financial Statement Overview

Summary

Gore Street Energy Storage demonstrates strength with a solid balance sheet, maintaining no debt. However, it faces challenges with inconsistent revenue and negative profit margins, highlighting the need for improved operational efficiency and stable cash flows.

Income Statement

The company has experienced significant fluctuations in revenue, with a sharp decline in the most recent year. Gross profit margin remains high, but negative EBIT and net profit margins in the latest report indicate potential operational inefficiencies or increased costs. The absence of consistent revenue growth poses a challenge to long-term profitability.

Balance Sheet

The balance sheet is strong with no debt, indicating low financial leverage and risk. A high equity ratio shows a solid foundation with substantial stockholders' equity relative to assets. Return on equity has turned negative recently, reflecting the negative net income, which requires attention despite the strong equity position.

Cash Flow

Operating cash flow has improved recently, but free cash flow growth is inconsistent. A positive operating cash flow to net income ratio suggests effective cash management, though the free cash flow to net income ratio is volatile. The company needs to stabilize its cash flow to support strategic investments and operations.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
36.71M	2.27M	65.91M	44.36M	15.81M	6.04M
	Gross Profit
36.71M	2.27M	58.47M	41.20M	14.60M	5.48M
	EBIT
69.78M	-5.29M	63.42M	42.54M	14.59M	4.79M
	EBITDA
42.53M	28.40M	0.00	0.00	0.00	0.00
	Net Income Common Stockholders
609.07M	-5.66M	63.41M	42.53M	14.59M	4.79M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
60.67M	60.67M	99.20M	198.05M	60.15M	15.03M
	Total Assets
542.85M	542.85M	559.31M	378.86M	146.21M	50.40M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-55.31M	-55.31M	-99.20M	-198.05M	-60.15M	-15.03M
	Total Liabilities
2.15M	2.15M	3.05M	2.38M	1.08M	713.66K
	Stockholders Equity
540.70M	540.70M	556.26M	376.48M	145.13M	49.69M
Cash Flow		Free Cash Flow
4.84M	23.81M	2.46M	5.61M	-1.65M	-637.01K
	Operating Cash Flow
4.84M	23.81M	2.46M	5.61M	-1.65M	-637.01K
	Investing Cash Flow
-158.12M	-66.17M	-193.17M	-56.54M	-34.08M	-18.34M
	Financing Cash Flow
286.36M	-20.68M	116.37M	188.82M	80.85M	16.79M

Gore Street Energy Storage Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 53.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:GSF, the sentiment is Positive. The current price of 53.4 is above the 20-day moving average (MA) of 48.48, above the 50-day MA of 47.20, and above the 200-day MA of 52.93, indicating a bullish trend. The MACD of 1.66 indicates Negative momentum. The RSI at 80.01 is Negative, neither overbought nor oversold. The STOCH value of 90.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:GSF.

Gore Street Energy Storage Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GSF	67 Neutral	£274.77M	―	-4.79%	10.11%	31.44%	-154.75%
Sector *	57 Neutral	$8.73B	5.56	-5.96%	7.15%	-0.09%	-73.96%
UKW	50 Neutral		31.01	-1.54%	8.79%	-5.38%	-145.59%

Gore Street Energy Storage Corporate Events

Gore Street Energy Storage Fund Reports Increased NAV and Expanded Capacity

Gore Street Energy Storage Fund plc announced an unaudited Net Asset Value (NAV) of 100.7 pence per share as of December 31, 2024, marking a slight increase over the previous quarter. The company’s portfolio, now fully energized across five international markets, has seen significant construction progress and robust cash generation, contributing to a total NAV return of 44.1% since its IPO. The completion of three projects has increased the portfolio’s capacity by 79%, highlighting Gore Street’s commitment to international diversification and enhancing its market position.

Gore Street Energy Storage Achieves Major Capacity Milestone and Advances Shareholder Value Initiatives

Gore Street Energy Storage Fund plc has reached a significant milestone by energising its remaining in-construction assets, achieving a total portfolio capacity of 753.4 MW / 924.1 MWh. This expansion represents a 79% increase in capacity, with all assets expected to be revenue-generating by the end of June 2025. The company continues to pursue Investment Tax Credits, with plans to prioritize shareholder value through potential capital returns or debt repayment. These developments underscore Gore Street’s strategy of international diversification and active management, setting it apart in the energy storage sector.

Gore Street Energy Storage Expands Capacity with Big Rock Energisation

Gore Street Energy Storage Fund plc announced the energisation of its largest asset to date, the 200 MW/400 MWh ‘Big Rock’ project in California, significantly increasing its total energised capacity to 621.4 MW/792.1 MWh across five grids. For the calendar year ending December 2024, the company estimates an operational portfolio revenue of approximately £37.7 million, with an EBITDA margin of 65%. The company forecasts a 69% EBITDA margin for FY 2025/26 due to improved economies of scale and expanded geographic diversification. The Big Rock project has secured a 12-year fixed-price Resource Adequacy contract valued at over $165 million and is eligible for a 30% investment tax credit under the Inflation Reduction Act. Additionally, the company is progressing well with its Dogfish and Enderby projects, anticipating further increases in energised capacity and revenue, with a projected capacity of 753.4 MW/924.1 MWh.