Triple Point Energy Transition (LON:TENT) Stock Price Up 2.7% – Time to Buy?

Triple Point Energy Transition (LON:TENT) rose 2.7% on Friday . The stock traded as high as GBX 45.50 ($0.57) and last traded at GBX 45.50 ($0.57). Approximately 470,117 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 1,173,437 shares. The stock had previously closed at GBX 44.30 ($0.56).

Triple Point Energy Transition Stock Performance

The company has a fifty day simple moving average of GBX 45.13 and a two-hundred day simple moving average of GBX 50.59. The stock has a market capitalization of £45.51 million, a price-to-earnings ratio of -3.69 and a beta of 0.27.

Triple Point Energy Transition (LON:TENT) last posted its quarterly earnings results on Monday, December 23rd. The company reported GBX 0.36 ($0.00) earnings per share for the quarter. Triple Point Energy Transition had a negative return on equity of 15.06% and a net margin of 123.79%.

Triple Point Energy Transition Company Profile

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.