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Gore Street Energy Storage
(LSE:GSF)
Gore Street Energy Storage (GSF) vs. S&P 500 (SPY)
Gore Street Energy Storage Business Overview & Revenue Model
Gore Street Energy Storage Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| -17.46M | 2.27M | 65.91M | 44.36M | 15.81M | 6.04M | Gross Profit |
| 1.61M | -3.28M | 58.47M | 41.20M | 14.60M | 5.48M | EBIT |
| -24.81M | -5.29M | 63.42M | 42.54M | 14.59M | 4.79M | EBITDA |
| 0.00 | 28.40M | 0.00 | 0.00 | 0.00 | 0.00 | Net Income Common Stockholders |
| -25.18M | -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 | ||||
| 13.93M | 23.81M | 2.46M | 5.61M | -1.65M | -637.01K | Operating Cash Flow |
| 13.93M | 23.81M | 2.46M | 5.61M | -1.65M | -637.01K | Investing Cash Flow |
| -56.68M | -66.17M | -193.17M | -56.54M | -34.08M | -18.34M | Financing Cash Flow |
| -21.31M | -20.68M | 116.37M | 188.82M | 80.85M | 16.79M |
Gore Street Energy Storage Technical Analysis
Gore Street Energy Storage Peers Comparison
Gore Street Energy Storage Corporate Events
Gore Street Energy Storage Fund Plc announced that Malcolm King, a Non-Executive Director, has purchased 30,000 ordinary shares in the company, increasing his beneficial interest to 80,000 shares. This transaction reflects confidence in the company’s strategic direction and its commitment to expanding operational capacity, which is expected to enhance shareholder value.
Spark’s Take on GB:GSF Stock
According to Spark, TipRanks’ AI Analyst, GB:GSF is a Neutral.
Gore Street Energy Storage exhibits a strong balance sheet with no debt and positive corporate developments, which are key strengths. However, challenges in revenue consistency and negative profitability margins weigh on the financial performance. The stock’s positive momentum and high dividend yield offer some attractiveness, despite a poor valuation due to the negative P/E ratio. Overall, while the company has strong foundational elements and positive strategic progress, operational and profitability challenges need to be addressed for a more favorable outlook.
To see Spark’s full report on GB:GSF stock, click here.
Gore Street Energy Storage Fund has announced the sale of Investment Tax Credits from its Texan asset, Dogfish, for approximately £18-19 million. This transaction, expected to close by June 2025, aligns with previous pricing guidance and reflects the company’s strategic progress in energy storage markets. The cash inflow strengthens Gore Street’s balance sheet, providing opportunities to enhance shareholder value through increased asset capacity and new constructions, amidst a favorable policy environment and hedged income streams.
Spark’s Take on GB:GSF Stock
According to Spark, TipRanks’ AI Analyst, GB:GSF is a Neutral.
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.
To see Spark’s full report on GB:GSF stock, click here.
Gore Street Energy Storage Fund plc announced a corporate restructuring within its investment management group, with Gore Street Investment Management Limited receiving FCA approval to manage unauthorised AIFs. This led to the novation of the company’s alternative investment fund management agreement from Gore Street Capital Limited to Gore Street Investment Management Limited, ensuring continuity in the terms of the agreement. The restructuring signifies a strategic move to streamline operations and potentially enhance the company’s market positioning, maintaining all existing terms and conditions of the agreements involved.
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 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.