Zeo Energy (ZEO) AI Stock Analysis

• Market Cap: $79.36M
• Dividend Yield: N/A
• Average Volume (3M): 373.99K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.34
• Revenue Growth: 86.59%
• EPS Growth: 55.95%
• Country: US
• Employees: 200
• Sector: Financial
• Sector Strength: 70
• Industry: Solar
• EPS (TTM): -0.11
• Shares Outstanding: 31,026,297
• 10 Day Avg. Volume: 931,411
• 30 Day Avg. Volume: 373,986
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.99
• Enterprise Value/Revenue: 2.42
• Enterprise Value/Gross Profit: 4.38
• Enterprise Value/Ebitda: -19.58
• 1Y Price Target: $2.00
• Price Target Upside: 44.93% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 42 Neutral
• Price Target: $2.00 ▲(44.93% Upside)

Zeo Energy's overall stock score is primarily impacted by its weak financial performance and valuation. The company's negative equity position and ongoing losses are significant concerns. Technical analysis indicates bearish momentum, while corporate events present mixed implications with a strategic acquisition offset by compliance issues.

Zeo Energy Business Overview & Revenue Model

Company Description

Zeo Energy Corp. is a vertically integrated provider of residential solar energy systems, other energy efficient equipment, and related services. The company is headquartered in New Port Richey, FL.

How the Company Makes Money

Zeo Energy generates revenue through several key streams. The primary source of income is the sale and installation of solar panels and wind turbines, where the company offers both direct sales and leasing options. Additionally, Zeo Energy provides ongoing maintenance and energy management services, ensuring optimal performance of installed systems, which contributes to a steady stream of service-related revenue. The company also engages in power purchase agreements (PPAs) with large-scale commercial clients and utility companies, selling the energy generated from its solar and wind farms. Strategic partnerships with governmental and non-governmental organizations for renewable energy projects further bolster Zeo Energy's earnings. Incentives and subsidies for renewable energy development often enhance profitability, allowing the company to reinvest in technology and expansion.

Zeo Energy Financial Statement Overview

Summary

Zeo Energy is facing significant financial challenges. Despite some revenue growth, the company struggles with profitability and cash flow management. The negative equity position and ongoing losses raise concerns about financial stability and sustainability.

Income Statement

Zeo Energy's income statement shows a mixed performance. The company has experienced revenue growth in the TTM period, but it is accompanied by negative profit margins, indicating operational challenges. The gross profit margin remains relatively stable, but the net profit margin is negative, reflecting ongoing losses. The EBIT and EBITDA margins are also negative, highlighting inefficiencies in managing operational costs.

Balance Sheet

The balance sheet reveals significant financial instability. The company has negative stockholders' equity, indicating more liabilities than assets, which is a major concern. The debt-to-equity ratio is negative due to negative equity, and return on equity is positive but misleading due to the negative equity base. The equity ratio is also negative, further emphasizing the financial distress.

Cash Flow

Cash flow analysis shows some improvement in free cash flow growth, but operating cash flow remains negative, indicating cash management issues. The free cash flow to net income ratio is positive, suggesting some ability to generate cash relative to net losses, but the overall negative operating cash flow coverage ratio highlights liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	65.19M	73.24M	110.07M	88.96M	24.59M
Gross Profit	36.11M	35.22M	21.88M	17.75M	10.49M
EBITDA	-8.07M	-5.69M	-3.00M	10.35M	7.44M
Net Income	-9.64M	-2.67M	-3.00M	14.33M	9.46M
Balance Sheet
Total Assets	46.23M	60.98M	48.13M	286.15M	283.42M
Cash, Cash Equivalents and Short-Term Investments	68.69K	5.63M	8.02M	614.77K	1.32M
Total Debt	4.66M	5.09M	2.97M	171.35K	171.35K
Total Liabilities	33.24M	34.19M	17.54M	12.64M	24.24M
Stockholders Equity	-59.45M	-88.91M	30.59M	273.51M	259.18M
Cash Flow
Free Cash Flow	-1.76M	-9.09M	10.18M	2.20M	-1.65M
Operating Cash Flow	-914.90K	-8.72M	11.96M	3.28M	-938.29K
Investing Cash Flow	-7.85M	-7.37M	-1.78M	-3.98M	-281.52M
Financing Cash Flow	3.49M	13.70M	-4.43M	-7.82M	283.78M

Zeo Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZEO, the sentiment is Negative. The current price of 1.38 is above the 20-day moving average (MA) of 1.32, below the 50-day MA of 1.90, and below the 200-day MA of 2.14, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 45.06 is Neutral, neither overbought nor oversold. The STOCH value of 82.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ZEO.

Zeo Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SOL	49 Neutral	95.46M	-24.16	-4.15%	―	-33.25%	81.55%
SPRU	49 Neutral	37.10M	-0.49	-62.22%	―	22.78%	-27.59%
TYGO	47 Neutral	157.78M	-2.85	-3034.87%	―	52.31%	-2421.56%
ZEO	42 Neutral	$79.36M	―	-9.81%	―	86.59%	55.95%
MAXN	41 Neutral	59.65M	-0.02	209.06%	―	-54.68%	63.56%
SMXT	41 Neutral	56.48M	-2.82	110.69%	―	-27.65%	16.39%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Zeo Energy Corporate Events

Zeo Energy Discusses Growth at Gateway Conference

On September 4, 2025, Zeo Energy‘s CEO Tim Bridgewater and CFO Cannon Holbrook presented at the 2025 Annual Gateway Conference, discussing the company’s operations and future strategies. The presentation highlighted various forward-looking statements about Zeo’s growth potential, market opportunities, and challenges, including competition, economic conditions, and regulatory changes. The company emphasized its focus on managing growth, leveraging partnerships, and navigating industry risks to enhance its market position.

Zeo Energy Amends Engagement with Piper Sandler

Zeo Energy Corp., a Delaware corporation, entered into a third amendment to its engagement letter with Piper Sandler & Co. on August 11, 2025. This amendment involves a payment of $1.6875 million and the issuance of 677,711 shares of Zeo Class A common stock to Piper as consideration for buy-side advisory services. Piper has agreed to a lockup on a portion of these shares until September 22, 2025. The company also plans to file a registration statement with the SEC to register these shares for resale by September 7, 2025.

Zeo Energy Completes Acquisition of Heliogen

On August 11, 2025, Zeo Energy completed its acquisition of Heliogen, Inc., a clean energy technology provider. This acquisition enables Zeo to create a new division focused on long-duration energy generation and storage for commercial and industrial-scale facilities, enhancing its market reach and offering a comprehensive energy platform. The transaction, which involved an exchange of Zeo’s Class A common stock, also brought approximately $13.6 million in net cash to Zeo, while Heliogen’s shares ceased trading as it became a subsidiary of Zeo.

Zeo Energy Stockholders Approve Key Governance Decisions

On August 5, 2025, Zeo Energy Corp. held its annual meeting of stockholders, where several key decisions were made. The stockholders elected five directors to serve until the 2026 annual meeting, approved the issuance of shares in accordance with Nasdaq Listing Rule 5635, ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, and approved the adjournment of the meeting if necessary. These actions reflect the company’s strategic decisions to strengthen its governance and financial oversight.

Zeo Energy Board Member Gianluca Guy Resigns

On July 4, 2025, Gianluca “Luke” Guy resigned from the Board of Directors of Zeo Energy Corp., citing personal reasons. His departure is not due to any disagreements with the company’s management or board.

Zeo Energy Announces Virtual Annual Meeting Date

Zeo Energy Corp. announced it will host its first virtual Annual Meeting of Stockholders on August 5, 2025, with a record date set for June 6, 2025. Stockholders are required to submit proposals and nominations by June 22, 2025, to be considered for inclusion in the meeting’s proxy materials, ensuring compliance with applicable laws and regulations.