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Gore Street Energy Storage
(LSE:GSF)
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Rating:49Neutral
Price Target:
48.00 p
▼(-0.62% Downside)
Action:Reiterated
Date:07/16/26
The score is held back primarily by weak and highly volatile financial results, including a large recent loss and shrinking equity, and by bearish technical conditions with the share price below all key moving averages. These negatives are partially offset by a zero-debt balance sheet, positive/free cash flow in the latest year, and an elevated dividend yield that improves income-related attractiveness.
Positive Factors
Zero-debt balance sheet
The absence of total debt materially reduces interest and refinancing risk, giving GSF greater flexibility to manage volatile asset revenues. A debt-free structure can also preserve capacity to fund portfolio needs or absorb weaker operating periods without adding lender-driven constraints.
Negative Factors
Severe earnings deterioration
The latest annual results show a severe deterioration in reported revenue and profitability, with both revenue and net income deeply negative. Such a sharp reversal weakens confidence in near-term earnings power and makes the company’s ability to sustain distributions more dependent on future recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero-debt balance sheet
The absence of total debt materially reduces interest and refinancing risk, giving GSF greater flexibility to manage volatile asset revenues. A debt-free structure can also preserve capacity to fund portfolio needs or absorb weaker operating periods without adding lender-driven constraints.
Read all positive factors
Gore Street Energy Storage (GSF) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£244.97M
Dividend Yield14.82%
Average Volume (3M)1.40M
Price to Earnings (P/E)―
Beta (1Y)0.63
Revenue Growth102.27%
EPS Growth-2044.26%
CountryUK
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.24
Shares Outstanding505,099,500
10 Day Avg. Volume1,714,908
30 Day Avg. Volume1,402,751
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 Target
£45.00Price Target Upside-6.83% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)0.04
Revenue Forecast (FY)£44.90M
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 | 6.18M | 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
46.69
Positive
48.86
Negative
49.47
Negative
Market Momentum
0.46
Negative
59.67
Neutral
42.42
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 above the 20-day moving average (MA) of 48.02, above the 50-day MA of 46.69, and below the 200-day MA of 49.47, indicating a neutral trend. The MACD of 0.46 indicates Negative momentum. The RSI at 59.67 is Neutral, neither overbought nor oversold. The STOCH value of 42.42 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 (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £528.87M | 12.59 | 46.72% | 5.20% | 7.26% | 30.92% | |
70 Outperform | £132.01M | 10.30 | 11.90% | 9.17% | -22.86% | -56.06% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
51 Neutral | £35.05M | -14.94 | -27.93% | ― | ― | 41.22% | |
49 Neutral | £244.97M | -2.02 | -28.75% | 14.82% | 102.27% | -2044.26% | |
44 Neutral | $20.16M | -1.92 | -18.19% | 49.26% | -65.77% | 81.79% |
* Financial Sector Average
GB:GSF
Gore Street Energy Storage
47.80
0.08
0.16%
GB:GV1O
Gresham House Renewable Energy VCT 1 PLC
5.50
-3.11
-36.11%
GB:IPX
Impax Asset Management
107.60
-58.65
-35.28%
GB:FSG
Foresight Group Holdings Ltd.
476.50
39.26
8.98%
GB:RNEW
Ecofin U.S. Renewables Infrastructure Trust Plc
0.15
>-0.01
-5.19%
GB:EGT
European Green Transition Plc
13.00
6.25
92.59%
Gore Street Energy Storage Corporate Events
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...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Gore Street Energy Storage Fund Hit by NAV Drop as New Board Drives Strategic Reset
Negative
Jul 15, 2026
Gore Street Energy Storage Fund reported a sharp fall in net asset value for the year to 31 March 2026, as NAV per share dropped to 74.9 pence from 102.8 pence, largely due to lower merchant revenue forecasts and weaker realised revenues in key ma...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Gore Street Energy Storage Fund Sets 15 July Date for Annual Results and Investor Briefings
Positive
Jul 6, 2026
Gore Street Energy Storage Fund plc plans to publish its annual results for the year ended 31 March 2026 on 15 July, underscoring a regular disclosure rhythm for investors in the fast-growing energy storage sector. The announcement signals another...
Business Operations and StrategyExecutive/Board Changes
Gore Street Director Takes Additional Board Role at Syncona
Positive
Jun 17, 2026
Gore Street Energy Storage Fund plc, an investment company specialising in grid-scale energy storage infrastructure, invests in battery projects that help balance electricity networks and support renewable integration. Its portfolio offers shareho...
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.