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Gore Street Energy Storage
(LSE:GSF)
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Rating:58Neutral
Price Target:
52.00 p
â–²(7.66% Upside)
Action:Reiterated
Date:10/16/26
The score is held back primarily by weak and highly volatile financial performance, including a large latest-year loss and declining equity despite a no-debt balance sheet. Technicals are a tailwind with price above key moving averages and positive MACD. Valuation is mixed: the negative P/E reflects losses, partially offset by an unusually high dividend yield.
Positive Factors
Debt-free balance sheet
A debt-free capital structure reduces interest burden, refinancing exposure, and downside risk during periods of weak asset revenues. It also preserves financial flexibility, allowing the company to fund maintenance, pursue storage opportunities, or absorb market volatility without relying heavily on creditors.
Negative Factors
Highly volatile profitability
Large swings between profits and losses make earnings difficult to forecast and weaken confidence in the durability of reported returns. The latest deep loss could constrain distributions, reduce investor confidence, and make future capital allocation more dependent on volatile market outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure reduces interest burden, refinancing exposure, and downside risk during periods of weak asset revenues. It also preserves financial flexibility, allowing the company to fund maintenance, pursue storage opportunities, or absorb market volatility without relying heavily on creditors.
Read all positive factors
Gore Street Energy Storage (GSF) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£250.53M
Dividend Yield18.02%
Average Volume (3M)755.97K
Price to Earnings (P/E)―
Beta (1Y)0.63
Revenue Growth102.27%
EPS Growth-2044.26%
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)-0.24
Shares Outstanding505,099,500
10 Day Avg. Volume444,146
30 Day Avg. Volume755,971
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.72
Price to Sales (P/S)-2.34
P/FCF Ratio10.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.04
Revenue Forecast (FY)£45.10M
Gore Street Energy Storage Business Overview & Revenue Model
Company Description
As a closed-ended investment company, Gore Street Energy Storage Fund Plc specializes in financing a broad spectrum of utility-scale energy storage developments. Its investment portfolio notably features sites such as Boulby, Celan, Lower Road, an...
How the Company Makes Money
GSF makes money by earning revenues generated by its energy storage assets from a mix of contracted and merchant (market-based) activities, which are then reflected in portfolio cash flows and, ultimately, the fund’s ability to pay expenses, servi...
Gore Street Energy Storage Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
67
Positive
Cash Flow
74
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | -116.82M | 8.26M | 2.27M | 65.91M | 44.36M |
| Gross Profit | -116.82M | 8.25M | -3.28M | 58.47M | 41.20M |
| EBITDA | -119.81M | 21.01M | 28.40M | 63.42M | 42.55M |
| Net Income | -119.81M | 6.18M | -5.66M | 63.41M | 42.53M |
Balance Sheet | |||||
| Total Assets | 379.67M | 519.96M | 542.85M | 559.31M | 378.86M |
| Cash, Cash Equivalents and Short-Term Investments | 6.23M | 9.60M | 60.67M | 99.20M | 198.05M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.35M | 666.94K | 2.15M | 3.05M | 2.38M |
| Stockholders Equity | 378.32M | 519.29M | 540.70M | 556.26M | 376.48M |
Cash Flow | |||||
| Free Cash Flow | 26.61M | 8.28M | 23.81M | 2.46M | 5.61M |
| Operating Cash Flow | 26.61M | 8.28M | 23.81M | 2.46M | 5.61M |
| Investing Cash Flow | -8.82M | -31.77M | -66.17M | -193.17M | -56.54M |
| Financing Cash Flow | -21.16M | -27.59M | -20.68M | 116.37M | 188.82M |
Gore Street Energy Storage Technical Analysis
Positive
48.30
Price Trends
48.30
Positive
46.78
Positive
47.40
Positive
Market Momentum
0.34
Positive
54.05
Neutral
35.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:GSF, the sentiment is Positive. The current price of 48.3 is below the 20-day moving average (MA) of 49.49, above the 50-day MA of 48.30, and above the 200-day MA of 47.40, indicating a bullish trend. The MACD of 0.34 indicates Positive momentum. The RSI at 54.05 is Neutral, neither overbought nor oversold. The STOCH value of 35.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:GSF.
Gore Street Energy Storage Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £519.70M | 12.41 | 46.72% | 5.75% | 7.26% | 30.92% | |
63 Neutral | £113.00M | 8.82 | 11.90% | 10.72% | -22.86% | -56.06% | |
58 Neutral | £250.53M | -2.07 | -28.75% | 18.02% | 102.27% | -2044.26% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | £26.96M | -8.62 | -30.47% | ― | ― | -34.88% | |
44 Neutral | $18.78M | -1.11 | -41.11% | 52.88% | 54.08% | 50.80% |
* General Sector Average
GB:GSF
Gore Street Energy Storage
49.55
-4.74
-8.73%
GB:IPX
Impax Asset Management
93.00
-83.85
-47.41%
GB:FSG
Foresight Group Holdings Ltd.
476.50
48.09
11.22%
GB:RNEW
Ecofin U.S. Renewables Infrastructure Trust Plc
0.14
-0.02
-12.26%
GB:EGT
European Green Transition Plc
10.25
4.00
64.00%
Gore Street Energy Storage Corporate Events
Business Operations and StrategyFinancial Disclosures
Gore Street Locks In Texas Storage Revenues With MAG Tolling Deal
Positive
Oct 12, 2026
Gore Street Energy Storage Fund has signed a two-year tolling agreement with MAG Energy Solutions covering 80% of the capacity of three operational battery storage assets in Texas, totaling 29.85 MW and 59.7 MWh. MAG will manage bidding, schedulin...
Business Operations and StrategyPrivate Placements and Financing
Gore Street Refinances Big Rock Battery Asset at Lower Debt Cost
Positive
Oct 2, 2026
Gore Street Energy Storage Fund has refinanced its 200 MW / 400 MWh Big Rock battery storage project in California, securing a new five-year term loan and letter of credit facility of about $52.4 million with First Citizens Bank, at a lower cost o...
Business Operations and StrategyFinancial Disclosures
Gore Street Energy Storage Fund Expands Capacity and Reports Strong ESG Impact
Positive
Sep 22, 2026
Gore Street Energy Storage Fund has released its fifth ESG and Sustainability Report for the year to 31 March 2026, highlighting a sharp increase in operational battery storage capacity to 643.11 MW and an average capacity of 565.78 MW over the pe...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Gore Street Energy Storage Fund Defeats Wind-Up Resolutions but Faces Shareholder Dissent
Neutral
Sep 16, 2026
Gore Street Energy Storage Fund reported that all 15 board-backed resolutions at its Annual General Meeting were approved, including director elections, dividend policy, auditor appointment and authorities for share issuance and buybacks. Two shar...
Business Operations and StrategyM&A Transactions
Gore Street Energy Storage Fund Resets German Asset Sale After Bid Cut
Negative
Sep 10, 2026
Gore Street Energy Storage Fund has halted the planned sale of its 22 MW Cremzow battery storage asset in Germany after the prospective buyer sought to significantly reduce its offer at a late stage. The board judged the revised terms to be poor v...
Business Operations and StrategyShareholder Meetings
Gore Street Energy Storage Wins Proxy Advisor Backing Against Saba Resolutions
Positive
Sep 10, 2026
Gore Street Energy Storage Fund has secured support from influential governance advisors ISS-Corporate and PIRC ahead of its 16 September 2026 Annual General Meeting. Both firms have recommended that shareholders vote against Saba-backed Resolutio...
Business Operations and StrategyDividendsShareholder Meetings
Gore Street Energy Storage Fund Declares Third Dividend Under Updated Strategy
Positive
Sep 1, 2026
Gore Street Energy Storage Fund plc has declared a quarterly dividend of 1.75 pence per ordinary share for the quarter ended 30 June 2026, consistent with the updated strategy announced in March 2026. The payment timetable is set with an ex-divide...
Business Operations and StrategyShareholder Meetings
Gore Street Energy Storage Board Urges Shareholders to Reject Saba Resolutions Ahead of AGM
Neutral
Aug 27, 2026
Gore Street Energy Storage Fund plc has announced that its chair will host a live online presentation via the Investor Meet Company platform on 1 September 2026, ahead of its Annual General Meeting on 16 September in London. The event is open to e...
Business Operations and StrategyShareholder Meetings
Gore Street Board Urges Shareholders to Reject Saba-Backed Wind-Up Plan
Negative
Aug 21, 2026
Gore Street Energy Storage Fund’s board has issued a supplementary notice ahead of its September AGM, urging shareholders to vote in favour of the first 15 resolutions and against two additional motions proposed by major investor Saba Capita...
Business Operations and StrategyDividendsM&A Transactions
Gore Street Energy Storage Fund launches asset sales and battery augmentations under new strategy
Positive
Aug 20, 2026
Gore Street Energy Storage Fund plc has sold two pre-construction battery storage assets in Ireland, Kilmannock and Mucklagh, to GS EU Fund SCSp, a client managed by Gore Street Investment Management. The transaction, overseen through strict gover...
Business Operations and StrategyShareholder Meetings
Gore Street Energy Storage Fund Board Rejects Saba-Led Wind-Up Push
Neutral
Aug 4, 2026
Gore Street Energy Storage Fund has disclosed that it received a requisition from Saba Capital Management seeking shareholder votes on whether the company should cease to exist as an investment company and, if approved, be wound up, liquidated, re...
Business Operations and StrategyShareholder Meetings
Gore Street Energy Storage Fund Faces Shareholder Requisition Ahead of AGM
Neutral
Jul 30, 2026
Gore Street Energy Storage Fund plc has received a requisition notice from Saba Capital Management, L.P., which is seeking to add resolutions on the future direction of the company to the agenda of the upcoming Annual General Meeting. The board ha...
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.