eEnergy Group (EAAS)

Sector:

Mining

Index:

FTSE AIM All-Share

6.70p
   
  • Change Today:
    -0.100p
  • 52 Week High: 7.90
  • 52 Week Low: 3.33
  • Currency: UK Pounds
  • Shares Issued: 352.15m
  • Volume: 1,956,039
  • Market Cap: £23.59m
  • RiskGrade: 421

Canaccord Genuity initiates coverage on eEnergy at 'buy'

By Iain Gilbert

Date: Thursday 21 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity initiated coverage on energy services provider eEnergy with a 'buy' rating and 15.0p target price on Thursday, valuing the group squarely in the middle of its utility service peers in the UK.
Built up through three key acquisitions over the past two years, Canaccord Genuity said eEnergy had "evolved" its energy efficiency offering with the historic lighting-as-a-service providing the largest element of its energy services offering.

However, Canaccord said the group was now positioned with multi-product offerings, and stated the addition of energy management capabilities offered procurement along with "extensive compliance and consultancy services" focussed on the public sector, charities, and commercial and industrial customers.

"Given current utility market trends, we expect organic growth in excess of 20% per year for the foreseeable future. In addition, it is currently expanding into EV charging and solar panels, provided to customers with third-party financing," said Canaccord.

The Canadian bank noted that eEnergy's focus over the last six months will be on the integration of previous acquisitions to achieve "a strong start to the trading year".

Canaccord also highlighted that as a group, eEnergy remains acquisitive, with expected targeted acquisitions going forward.



Reporting by Iain Gilbert 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 6.70p
Change Today -0.100p
% Change -1.47 %
52 Week High 7.90
52 Week Low 3.33
Volume 1,956,039
Shares Issued 352.15m
Market Cap £23.59m
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
16:35 55,000 @ 6.70p
16:35 5,000 @ 6.70p
16:35 1 @ 6.70p
16:35 49,999 @ 6.70p
16:29 2,840 @ 6.73p

eEnergy Group Key Personnel

CEO Harvey I Sinclair
CFO Crispin Goldsmith

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