eEnergy Group (EAAS)

Sector:

Mining

Index:

FTSE AIM All-Share

6.75p
   
  • Change Today:
    -0.050p
  • 52 Week High: 7.90
  • 52 Week Low: 3.33
  • Currency: UK Pounds
  • Shares Issued: 352.15m
  • Volume: 933,494
  • Market Cap: £23.77m
  • RiskGrade: 421

eEnergy increases ownership of smart metering platform to 85.5pc

By Josh White

Date: Tuesday 31 May 2022

LONDON (ShareCast) - (Sharecast News) - Digital energy services company eEnergy has increased its ownership in its 'MY ZeERO' smart metering and analytics platform to 85.5%, it announced on Tuesday, from 51%.
The AIM-traded firm said the investment was made via its subsidiary eEnergy Insights.

Since it announced its interim results on 16 March, eEnergy said meters under contract had increased 33% to 522, resulting in an increase in contracted revenues to £0.78m.

It said its "qualified pipeline" of sales opportunities had grown to £2.6m from £1.8m.

"I am pleased to announce our increased ownership in MY ZeERO, our smart metering analytics business, at a time of developing momentum," said chief executive officer Harvey Sinclair.

"We first invested in MY ZeERO in April last year as we recognised the opportunity to integrate this proprietary energy analytics hardware and software into our energy efficiency division."

Sinclair said the company was pleased with the rollout of the new smart meters, giving eEnergy a "differentiated and valuable" proposition in the market.

"The restructuring simplifies the ownership structure and allows for EIL to be further embedded into the group's operations."

At 1210 BST, shares in eEnergy Group were up 4.91% at 8.55p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

eEnergy Group Market Data

Currency UK Pounds
Share Price 6.75p
Change Today -0.050p
% Change -0.74 %
52 Week High 7.90
52 Week Low 3.33
Volume 933,494
Shares Issued 352.15m
Market Cap £23.77m
RiskGrade 421

eEnergy Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.59% below the market average27.59% below the market average27.59% below the market average27.59% below the market average27.59% below the market average
38.93% below the sector average38.93% below the sector average38.93% below the sector average38.93% below the sector average38.93% below the sector average
Price Trend
56.00% above the market average56.00% above the market average56.00% above the market average56.00% above the market average56.00% above the market average
74.83% above the sector average74.83% above the sector average74.83% above the sector average74.83% above the sector average74.83% above the sector average
Income Not Available
Growth
48.79% above the market average48.79% above the market average48.79% above the market average48.79% above the market average48.79% above the market average
56.25% above the sector average56.25% above the sector average56.25% above the sector average56.25% above the sector average56.25% above the sector average

eEnergy Group Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
10:51 250,000 @ 6.70p
10:46 250,000 @ 6.76p
11:38 75,000 @ 6.73p
11:19 3,680 @ 6.70p
10:51 30 @ 6.80p

eEnergy Group Key Personnel

CEO Harvey I Sinclair
CFO Crispin Goldsmith

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