Gore Street Energy Storage (GSF) AI Stock Analysis

• Market Cap: £248.26M
• Dividend Yield: 8.18%
• Average Volume (3M): 1.19M
• Price to Earnings (P/E): 3.4
• Beta (1Y): 1.08
• Revenue Growth: -9.72%
• EPS Growth: -25.25%
• Country: UK
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): -0.11
• Shares Outstanding: 505,099,500
• 10 Day Avg. Volume: 1,492,632
• 30 Day Avg. Volume: 1,194,041
• PEG Ratio: -0.23
• Price to Book (P/B): 0.57
• Price to Sales (P/S): 35.61
• P/FCF Ratio: 35.49
• 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: £50.00
• Price Target Upside: 1.73% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.23
• Revenue Forecast (FY): £43.20M

• Rating: 65 Neutral
• Price Target: 53.00p ▲(7.83% Upside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is driven primarily by strong solvency and solid recent cash generation, supported by shareholder-friendly corporate actions (cost savings, strategic initiatives, director buying). These positives are materially offset by weak technicals (downtrend/negative momentum) and volatile operating results, while the high dividend yield helps but is tempered by loss-making implied by the negative P/E.

Positive Factors

Balance sheet strength

Zero financial leverage and a substantial equity base provide durable solvency and optionality. Low debt reduces refinancing and interest risk, supports the fund’s capacity to sustain distributions through commodity cycles, and enables capital deployment or acquisitions without near-term funding pressure.

Positive recent cash generation

Consistent positive operating and free cash flow in recent years strengthens the company’s ability to fund dividends, cover maintenance and degradation-related capex, and absorb temporary merchant revenue swings. Free cash flow tracking net income also signals cash quality and lasting payout support.

Shareholder-aligned corporate actions

Board refresh, director buying, fee renegotiation and a special dividend indicate governance and cost-structure improvements. Fee cuts and insider purchases align management with shareholders, lower ongoing expenses, and can materially improve distributable cash over the medium term.

Negative Factors

Revenue and earnings volatility

Large swings in revenue and episodic net losses reduce predictability of future distributions and complicate planning for reinvestment or acquisitions. Volatility makes underwriting long-term yield and coverage metrics harder and increases the risk that payouts may be cut during adverse market periods.

Exposure to power markets & regulation

Business economics depend structurally on merchant spreads, ancillary-service prices and market design. Sustainable revenue is therefore exposed to regulatory shifts, price compression, and increased competition for grid services—risks that can permanently reduce asset returns if market rules or price signals change.

Inconsistent profitability/returns

Sharp ROE swings signal that earnings conversion to shareholder returns is conditional and uneven. This inconsistency undermines confidence in sustainable dividend levels and complicates capital allocation, as strong prior returns have proven reversible when market conditions deteriorate.

Gore Street Energy Storage Business Overview & Revenue Model

Company Description

Gore Street Energy Storage Fund Plc is a closed-ended investment company, which engages in the investment in a diversified portfolio of utility scale energy storage projects. Its portfolio assets includes Boulby, Celan, Lower Road, and Port of Tilbury. The company was founded on January 19, 2018 and is headquartered in London, the United Kingdom.

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

Strong balance-sheet quality (no debt, solid equity base) and generally positive operating/free cash flow in recent years support resilience. Offsetting this, earnings and revenue have been highly volatile, including a loss year and sharp revenue contraction, reducing overall predictability.

Income Statement

Profitability is strong in several years, with very high gross and net margins in 2020–2023 and a return to solid profitability in 2025 (net margin ~75%). However, results are volatile: 2024 swung to a meaningful net loss with negative margins, and revenue has been highly inconsistent—most notably a sharp decline in 2025 versus 2024 and a steep drop in 2024 versus 2023. Overall, earnings power looks favorable when conditions are supportive, but the revenue and profit trajectory lacks stability.

Balance Sheet

The balance sheet is a clear strength: total debt is consistently zero and equity is substantial relative to assets, indicating very low financial leverage and strong solvency. Equity has generally grown over the period (despite some year-to-year fluctuation), supporting balance-sheet resilience. The main weakness is returns can be uneven—return on equity was strong in 2021–2023, turned negative in 2024, and is low in 2025—suggesting profitability is not consistently converting into attractive shareholder returns.

Cash Flow

Cash generation is generally healthy in the most recent years, with operating cash flow and free cash flow positive in 2022–2025 and particularly strong in 2024–2025. Cash flow has also tracked net income closely (free cash flow roughly in line with net income), which is a quality signal. Offsetting this, cash flow was negative in 2020 and 2021, and free cash flow growth is volatile (down sharply in 2025 after a strong 2024), indicating variability in cash conversion and underlying operating consistency.

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	8.26M	2.27M	65.91M	44.36M	15.81M
Gross Profit	8.25M	-3.28M	58.47M	41.20M	14.60M
EBITDA	6.18M	28.40M	0.00	0.00	0.00
Net Income	6.18M	-5.66M	63.41M	42.53M	14.59M
Balance Sheet
Total Assets	519.96M	542.85M	559.31M	378.86M	146.21M
Cash, Cash Equivalents and Short-Term Investments	9.60M	60.67M	99.20M	198.05M	60.15M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	666.94K	2.15M	3.05M	2.38M	1.08M
Stockholders Equity	519.29M	540.70M	556.26M	376.48M	145.13M
Cash Flow
Free Cash Flow	8.28M	23.81M	2.46M	5.61M	-1.65M
Operating Cash Flow	8.28M	23.81M	2.46M	5.61M	-1.65M
Investing Cash Flow	-31.77M	-66.17M	-193.17M	-56.54M	-34.08M
Financing Cash Flow	-27.59M	-20.68M	116.37M	188.82M	80.85M

Gore Street Energy Storage Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 49.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:GSF, the sentiment is Negative. The current price of 49.15 is below the 20-day moving average (MA) of 53.56, below the 50-day MA of 53.90, and below the 200-day MA of 57.37, indicating a bearish trend. The MACD of -1.19 indicates Positive momentum. The RSI at 26.93 is Positive, neither overbought nor oversold. The STOCH value of 17.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
FSG	73 Outperform	£444.79M	4.98	―	5.73%	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
GSF	65 Neutral	£248.26M	3.37	-6.66%	8.18%	-9.72%	-25.25%
IPX	62 Neutral	£167.86M	11.98	16.48%	17.93%	-16.53%	-44.15%
EGT	45 Neutral	£9.40M	-4.39	-22.43%	―	―	―
RNEW	44 Neutral	―	-1.48	-47.36%	3.45%	―	―

Gore Street Energy Storage Corporate Events

Gore Street Energy Storage Confirms Effective Date for New Non-Executive Directors

Gore Street Energy Storage Fund plc has announced that the previously flagged appointments of Keith Pickard and Christine Higgins as non-executive directors will take effect on 1 February 2026. The move expands the company’s board with additional independent oversight, underlining its ongoing efforts to strengthen governance and strategic leadership as it develops its listed energy storage investment portfolio.

The most recent analyst rating on (GB:GSF) stock is a Hold with a £54.00 price target. To see the full list of analyst forecasts on Gore Street Energy Storage stock, see the GB:GSF Stock Forecast page.

Gore Street Energy Storage Fund Overhauls Board with New Senior Appointments

Gore Street Energy Storage Fund has announced a significant refresh of its board, appointing infrastructure and finance specialist Keith Pickard as a non-executive director and Audit Chair designate from 1 February 2026, and experienced financial services non-executive Christine Higgins as a non-executive director and Senior Independent Director from 16 February 2026. Alongside these appointments, the company has reallocated key committee roles, with Norman Crighton taking over as Chair of the Management Engagement Committee, Higgins chairing a new Marketing and Communications Committee, and existing directors Caroline Banszky and Lisa Scenna set to retire following orderly handovers, resulting in a fully refreshed, independent board designed to strengthen governance, oversight of service providers, and strategic focus on shareholder returns.

The most recent analyst rating on (GB:GSF) stock is a Hold with a £54.00 price target. To see the full list of analyst forecasts on Gore Street Energy Storage stock, see the GB:GSF Stock Forecast page.

Gore Street Director Increases Holding in Listed Energy Storage Fund

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.

Gore Street Energy Storage Director Increases Stake with £109,000 Share Purchase

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.

Gore Street Energy Storage Fund Reports NAV Decline Amid Operational Expansion

Gore Street Energy Storage Fund PLC reported a decline in its Net Asset Value (NAV) per share to 90.1 pence, attributed to adjustments in third-party revenue forecasts for the UK and US markets. Despite the challenges, the company increased its operational capacity to 643.1 MW and declared dividends supported by operational cash flow. The company is actively pursuing strategies to optimize revenue, reduce costs, and enhance shareholder value, including asset augmentation and leveraging its GSET trading platform. The market outlook remains positive with increasing demand for energy storage solutions driven by renewable integration and regulatory support.

The most recent analyst rating on (GB:GSF) stock is a Hold with a £0.62 price target. To see the full list of analyst forecasts on Gore Street Energy Storage stock, see the GB:GSF Stock Forecast page.