Harmony Energy Income Trust (LON:HEIT) Shares Up 20.9% – Should You Buy?

Harmony Energy Income Trust Plc (LON:HEIT) shot up 20.9% on Monday . The company traded as high as GBX 81 ($1.05) and last traded at GBX 79 ($1.02). 1,672,100 shares were traded during mid-day trading, an increase of 311% from the average session volume of 407,319 shares. The stock had previously closed at GBX 65.36 ($0.84).

Harmony Energy Income Trust Stock Up 21.2 %

The stock has a market cap of £179.74 million, a P/E ratio of -5.28 and a beta of 0.20. The business has a 50 day moving average price of GBX 63.52 and a two-hundred day moving average price of GBX 57.49.

Harmony Energy Income Trust (LON:HEIT) last released its quarterly earnings data on Wednesday, February 26th. The company reported GBX (25) (($0.32)) earnings per share for the quarter. Harmony Energy Income Trust had a negative return on equity of 14.61% and a net margin of 106.46%.

Harmony Energy Income Trust Company Profile

The Harmony Energy Income Trust (‘HEIT’) is a “pure play” battery energy storage systems (BESS) owner and operator with an exclusive focus on 2-hour duration BESS in GB. It was launched on the London Stock Exchange in November 2021. It currently holds 494.4MW / 988.8 MWh of BESS projects spread across Great Britain.