Gresham House Energy Storage (LON:GRID) Insider David Stevenson Buys 12,894 Shares

Key Points

  • Insider purchase: David Stevenson bought 12,894 shares on March 20 at an average price of GBX 77 per share, a total transaction of £9,928.38.
  • GRID shares traded around GBX 76.90, close to their 50- and 200-day moving averages (~GBX 75) with a 12-month range of GBX 55.30–83.30; the fund has a market cap of £437.6m and a negative P/E (-54.54), indicating it is not currently profitable.
  • The fund invests in utility-scale Battery Energy Storage Systems across Great Britain to capitalise on intraday renewable-driven supply/demand imbalances and aims to provide a sustainable dividend to investors.

Gresham House Energy Storage (LON:GRID - Get Free Report) insider David Stevenson purchased 12,894 shares of Gresham House Energy Storage stock in a transaction dated Friday, March 20th. The shares were purchased at an average cost of GBX 77 per share, for a total transaction of £9,928.38.

Gresham House Energy Storage Stock Down 0.3%

Shares of GRID stock opened at GBX 76.90 on Friday. Gresham House Energy Storage has a 12-month low of GBX 55.30 and a 12-month high of GBX 83.30. The firm has a fifty day moving average of GBX 74.99 and a 200-day moving average of GBX 74.73. The firm has a market capitalization of £437.63 million, a price-to-earnings ratio of -54.54 and a beta of 0.00.

About Gresham House Energy Storage

(Get Free Report)

Gresham House Energy Storage Fund plc (GRID or the Fund) seeks to capitalise on the growing intraday supply and demand imbalances caused by Great Britain's ever increasing reliance on renewable energy. The Fund aims to provide investors with an attractive and sustainable dividend by investing in a portfolio of utility-scale Battery Energy Storage Systems (BESS) located in Great Britain, which primarily use batteries to import and export power, accessing multiple revenue sources available in the power market. Gresham House Asset Management Limited (GHAM), is the investment Manager for Gresham House Energy Storage Fund plc.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at Gresham House Energy Storage?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Gresham House Energy Storage and related companies.
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles