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Zeo Energy
(NASDAQ:ZEO)
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Rating:41Neutral
Price Target:
$0.49
▼(-8.52% Downside)
Action:Reiterated
Date:08/07/26
The score is held down primarily by weak financial performance—persistent losses and negative operating/free cash flow—despite strong gross margins and a low-leverage, improved balance sheet. Technicals add downside pressure with a clear downtrend (below key moving averages and negative MACD). Valuation provides limited support because losses make the negative P/E hard to use and there is no dividend yield provided.
Positive Factors
High gross margin
Sustained gross margin near 53% provides a structural buffer against input-cost swings and supports eventual profit recovery once operating expenses are controlled. High unit-level economics in solar installations/services create durable potential for margin expansion as volumes increase and fixed costs scale.
Negative Factors
Negative operating and free cash flow
Operating and free cash flow have been negative in the trailing twelve months and across 2024–2025, signaling ongoing cash burn. This structurally limits reinvestment, forces reliance on external financing or equity raises, increases dilution or leverage risk, and constrains the company's ability to self-fund growth or survive demand swings.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin
Sustained gross margin near 53% provides a structural buffer against input-cost swings and supports eventual profit recovery once operating expenses are controlled. High unit-level economics in solar installations/services create durable potential for margin expansion as volumes increase and fixed costs scale.
Read all positive factors
Zeo Energy Key Performance Indicators (KPIs)
Any
Revenue by Segment
Highlights which business segments are driving sales, providing insight into core strengths and areas with potential for growth or restructuring.
Highlights which business segments are driving sales, providing insight into core strengths and areas with potential for growth or restructuring.
Data provided by:
The Fly
The FlyZeo Energy (ZEO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$29.17M
Dividend YieldN/A
Average Volume (3M)62.85K
Price to Earnings (P/E)―
Beta (1Y)1.19
Revenue Growth19.17%
EPS Growth39.83%
CountryUS
Employees190
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)-0.42
Shares Outstanding35,399,970
10 Day Avg. Volume53,306
30 Day Avg. Volume62,852
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)5.10
Price to Sales (P/S)0.39
P/FCF Ratio-2.74
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Zeo Energy Business Overview & Revenue Model
Company Description
Zeo Energy Corp., based in New Port Richey, Florida, offers complete, integrated solutions for homeowners, encompassing solar power systems, various other energy-saving technologies, and all necessary accompanying services....
How the Company Makes Money
null...
Zeo Energy Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
54
Neutral
Cash Flow
29
Negative
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 69.35M | 73.24M | 109.69M | 88.96M | 24.59M |
| Gross Profit | 38.28M | 35.22M | 50.25M | 17.75M | 10.49M |
| EBITDA | -10.63M | -5.69M | 6.80M | 10.42M | 7.47M |
| Net Income | -14.01M | -2.67M | 4.85M | 8.67M | 7.09M |
Balance Sheet | |||||
| Total Assets | 56.93M | 61.40M | 48.13M | 35.20M | 32.37M |
| Cash, Cash Equivalents and Short-Term Investments | 6.14M | 5.63M | 8.02M | 2.27M | 450.85K |
| Total Debt | 1.42M | 5.09M | 2.97M | 2.11M | 743.68K |
| Total Liabilities | 26.66M | 18.49M | 17.54M | 3.93M | 1.56M |
| Stockholders Equity | 5.33M | -88.91M | 30.59M | 31.28M | 30.82M |
Cash Flow | |||||
| Free Cash Flow | -9.91M | -9.09M | 10.94M | 9.64M | 6.17M |
| Operating Cash Flow | -8.69M | -8.72M | 11.98M | 10.72M | 6.88M |
| Investing Cash Flow | 13.37M | -7.37M | -1.03M | -1.08M | 379.13K |
| Financing Cash Flow | -4.17M | 13.70M | -5.19M | -7.82M | -6.93M |
Zeo Energy Risk Analysis
Zeo Energy disclosed 97 risk factors in its most recent earnings report. Zeo Energy reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Zeo Energy Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
46 Neutral | $23.31M | -1.04 | -73.50% | ― | -39.07% | 36.89% | |
43 Neutral | $35.82M | -2.61 | -11.21% | ― | 26.46% | 83.31% | |
41 Neutral | $29.17M | -1.19 | 105.90% | ― | 19.17% | 39.83% | |
40 Neutral | $19.63M | -3.08 | 42.25% | ― | 309.46% | 71.91% |
* Technology Sector Average
ZEO
Zeo Energy
0.58
-1.74
-75.00%
BEEM
Beam Global
1.14
-0.98
-46.23%
SPRU
Spruce Power Holding
2.17
0.62
40.00%
SMXT
SolarMax Technology, Inc.
0.38
-0.66
-63.46%
Zeo Energy Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Zeo Energy Secures Convertible Note Financing with White Lion
Neutral
Jun 15, 2026
On June 9, 2026, Zeo Energy Corp. entered into a Note Purchase Agreement with White Lion Capital for up to $7.5 million in unsecured convertible promissory notes, with an initial $1.5 million funded at the first closing via a $1.67 million note ma...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.