Triple Point Energy Transition (LON:TENT) Stock Price Down 2% – Time to Sell?

Shares of Triple Point Energy Transition (LON:TENT) traded down 2% during trading on Wednesday . The company traded as low as GBX 45 ($0.56) and last traded at GBX 45.20 ($0.56). 83,871 shares were traded during trading, a decline of 13% from the average session volume of 96,698 shares. The stock had previously closed at GBX 46.10 ($0.57).

Triple Point Energy Transition Price Performance

The company’s 50-day simple moving average is GBX 44.94 and its two-hundred day simple moving average is GBX 55.59. The firm has a market capitalization of £45.20 million, a P/E ratio of -645.71 and a beta of 0.27.

About Triple Point Energy Transition

Triple Point Energy Transition plc invests holistically across the energy sector focusing on three thematic areas:

Generation of energy – ensuring less energy loss by investing in lower carbon energy generation closer to where it is consumed.

Storage and distribution of energy – stabilising the grid and managing the imbalance of generation and consumption by funding energy storage solutions.

Reducing demand for energy – maximising energy efficiency by providing the same output in a more efficient way either through energy efficiency measures or producing energy onsite.

By investing across these three areas TENT is accelerating the transition towards a lower carbon, more resilient and efficient energy system.