ESGEN Acquisition (NASDAQ:ESAC) Stock Price Up 6.5%

ESGEN Acquisition Co. (NASDAQ:ESAC)’s share price rose 6.5% during mid-day trading on Tuesday . The stock traded as high as $2.08 and last traded at $1.80. Approximately 105,999 shares were traded during mid-day trading, an increase of 93% from the average daily volume of 55,041 shares. The stock had previously closed at $1.69.

ESGEN Acquisition Stock Up 6.5 %

The firm’s 50 day moving average is $2.87 and its 200 day moving average is $4.10.

Hedge Funds Weigh In On ESGEN Acquisition

An institutional investor recently raised its position in ESGEN Acquisition stock. Clear Street LLC raised its holdings in shares of ESGEN Acquisition Co. (NASDAQ:ESAC) by 3,433.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,203 shares of the company’s stock after purchasing an additional 59,471 shares during the period. ESGEN Acquisition accounts for about 0.0% of Clear Street LLC’s holdings, making the stock its 29th largest holding. Clear Street LLC owned about 0.74% of ESGEN Acquisition worth $689,000 at the end of the most recent quarter. 26.23% of the stock is currently owned by hedge funds and other institutional investors.

ESGEN Acquisition Company Profile

ESGEN Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to target opportunities in the energy and infrastructure sector in North America.