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BrenX
(NASDAQ:BRNX)
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Rating:40Underperform
Price Target:
$0.58
▼(-89.57% Downside)
Action:Downgraded
Date:10/29/26
Overall score reflects very weak fundamentals driven by persistent losses, negative cash flow/free cash flow, and elevated leverage. Technicals are also strongly bearish with the stock trading well below key moving averages and negative MACD, while valuation offers limited support due to a non-meaningful negative P/E and no dividend.
Positive Factors
Debt Reduction
The EIB settlement removes a substantial liability and associated principal and interest obligations, improving financial flexibility. Lower leverage can preserve cash for project execution, reduce balance-sheet pressure, and strengthen BrenX’s ability to pursue industrial energy opportunities over the coming quarters.
Negative Factors
No Current Revenue
The absence of revenue in the latest reported half-year indicates that commercial projects have not yet translated into recognized sales at scale. Until deployments produce recurring income, BrenX remains exposed to execution timing and may struggle to cover operating costs organically.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt Reduction
The EIB settlement removes a substantial liability and associated principal and interest obligations, improving financial flexibility. Lower leverage can preserve cash for project execution, reduce balance-sheet pressure, and strengthen BrenX’s ability to pursue industrial energy opportunities over the coming quarters.
Read all positive factors
BrenX (BRNX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.19M
Dividend YieldN/A
Average Volume (3M)378.73K
Price to Earnings (P/E)―
Beta (1Y)0.88
Revenue Growth-100.00%
EPS Growth76.44%
CountryUS
Employees45
SectorUtilities
Sector Strength65
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-281.16
Shares Outstanding1,946,972
10 Day Avg. Volume116,080
30 Day Avg. Volume378,727
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)12.09
Price to Sales (P/S)109.14
P/FCF Ratio-3.98
Enterprise Value/Market Cap0.29
Enterprise Value/Revenue0.88
Enterprise Value/Gross Profit-0.11
Enterprise Value/Ebitda-0.03
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BrenX Business Overview & Revenue Model
Company Description
Brenmiller Energy Ltd. engages in development, production, marketing, and sale of thermal energy storage systems, based on technology developed in the company that enables heat storage at high temperatures in crushed volcanic rocks. It operates as...
BrenX Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
34
Negative
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 387.00K | 0.00 | 621.00K | 1.52M | 395.00K |
| Gross Profit | -3.21M | -985.00K | -934.00K | -786.00K | -3.66M |
| EBITDA | -12.97M | -6.30M | -9.43M | -11.18M | -9.83M |
| Net Income | -13.90M | -6.77M | -9.65M | -11.07M | -11.02M |
Balance Sheet | |||||
| Total Assets | 12.49M | 11.91M | 10.59M | 12.46M | 14.60M |
| Cash, Cash Equivalents and Short-Term Investments | 4.95M | 4.10M | 3.18M | 6.51M | 8.28M |
| Total Debt | 5.84M | 4.82M | 5.61M | 5.79M | 3.41M |
| Total Liabilities | 9.00M | 7.43M | 7.71M | 7.84M | 9.05M |
| Stockholders Equity | 3.49M | 4.49M | 2.88M | 4.63M | 5.54M |
Cash Flow | |||||
| Free Cash Flow | -10.62M | -9.85M | -9.58M | -11.57M | -8.52M |
| Operating Cash Flow | -10.40M | -9.51M | -6.92M | -10.10M | -8.28M |
| Investing Cash Flow | -398.00K | -422.00K | -2.61M | -1.36M | -238.00K |
| Financing Cash Flow | 11.50M | 10.94M | 6.36M | 11.20M | 14.20M |
BrenX Technical Analysis
Negative
5.56
Price Trends
2.32
Negative
3.57
Negative
19.91
Negative
Market Momentum
-0.47
Negative
24.05
Positive
4.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRNX, the sentiment is Negative. The current price of 5.56 is above the 20-day moving average (MA) of 1.20, above the 50-day MA of 2.32, and below the 200-day MA of 19.91, indicating a bearish trend. The MACD of -0.47 indicates Negative momentum. The RSI at 24.05 is Positive, neither overbought nor oversold. The STOCH value of 4.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BRNX.
BrenX Risk Analysis
BrenX disclosed 54 risk factors in its most recent earnings report. BrenX reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
We have outstanding warrants and preferred shares, some of which contain "full-ratchet" anti-dilution protection, which have caused significant dilution to our shareholders and may cause further significant dilution to our shareholders. Q4, 2025
2.
You may experience future dilution as a result of future capital raising and other issuances of our securities. Q4, 2025
3.
Our amended and restated articles of association provide that, unless we consent in writing to an alternative forum, the federal district courts of the United States of America shall be the sole and exclusive forum for resolution of any complaint asserting a cause of action arising under the Securities Act, which could limit our shareholders' ability to choose the judicial forum for disputes with us, our directors, shareholders, or other employees. Q4, 2025
BrenX Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
46 Neutral | $44.32M | -3.08 | -21.80% | ― | ― | 19.55% | |
44 Neutral | $28.91M | -7.74 | -56.33% | ― | -77.09% | -15.59% | |
43 Neutral | $12.74M | -21.96 | -11.34% | ― | 75.69% | 84.18% | |
40 Underperform | $1.19M | >-0.01 | -373.23% | ― | -100.00% | 76.44% | |
31 Underperform | $824.00 | -0.88 | -1.95% | ― | 1598.12% | 73.09% |
* Utilities Sector Average
BRNX
BrenX
0.61
-318.59
-99.81%
CREG
Smart Powerr Corp
0.18
-12.02
-98.53%
HTOO
Fusion Fuel Green
1.70
-2.43
-58.96%
WAVE
Eco Wave Power Global
4.63
-2.92
-38.65%
VGAS
Verde Clean Fuels
1.01
-2.35
-70.00%
BrenX Corporate Events
BrenX Calls November 2026 Shareholder Vote on Discretionary Reverse Stock Split
Oct 20, 2026
BrenX Ltd. has called a Special General Meeting of Shareholders for November 6, 2026, at its Rosh Haayin headquarters in Israel, with an October 22, 2026 record date determining voting eligibility. The board is presenting a single proposal to shar...
BrenX Sets Up New ATM Equity Offering With October Prospectus Supplement
Oct 14, 2026
On October 14, 2026, BrenX Ltd. filed a prospectus supplement to enable an at‑the‑market offering of up to $2.89 million in ordinary shares under its existing sales agreement with A.G.P./Alliance Global Partners, originally dated June ...
BrenX Secures Additional $1 Million to Advance TES Projects and Resets Preferred Share Terms
Sep 17, 2026
BrenX Ltd. has been executing a multi-tranche securities purchase agreement with Alpha Capital Anstalt since July 2025, providing up to $25 million in funding through preferred shares, pre-funded warrants and ordinary warrants. Multiple closings o...
BrenX Strikes EIB Debt Settlement to Halve Liabilities and Bolster Equity
Sep 15, 2026
On September 15, 2026, BrenX announced a settlement agreement with the European Investment Bank that will cancel its March 2021 credit facility, eliminate approximately $4.8 million of related debt and release associated security following an init...
BrenX Posts First-Half 2026 Loss Improvement and Accelerates Shift to Integrated Energy Infrastructure
Sep 9, 2026
On September 9, 2026, BrenX reported unaudited financial results for the first half of 2026, showing no revenue but a 9% reduction in operating loss to $5.97 million and an 18% improvement in net loss to $6.09 million versus the prior-year period....
BrenX Secures Additional $3 Million from Alpha to Fund TES Projects
Aug 28, 2026
BrenX Ltd. has been executing a multi-tranche financing program with Alpha Capital Anstalt, launched under a securities purchase agreement in July 2025, through which it may raise up to $25 million via preferred shares, pre-funded warrants and ord...
BrenX Files August 6-K to Publish Updated Investor Presentation
Aug 19, 2026
On August 19, 2026, BrenX Ltd. disclosed that it had made a new company presentation available on its corporate website, formalizing the move through a Report of Foreign Private Issuer on Form 6-K filed with the U.S. Securities and Exchange Commis...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.