Zeo Energy (ZEO) AI Stock Analysis

• Market Cap: $86.26M
• Dividend Yield: N/A
• Average Volume (3M): 419.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.46
• Revenue Growth: 86.59%
• EPS Growth: 55.95%
• Country: US
• Employees: 200
• Sector: Technology
• Sector Strength: 88
• Industry: Solar
• EPS (TTM): -0.11
• Shares Outstanding: 31,026,297
• 10 Day Avg. Volume: 239,685
• 30 Day Avg. Volume: 419,294
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.83
• Enterprise Value/Revenue: 2.42
• Enterprise Value/Gross Profit: 4.38
• Enterprise Value/Ebitda: -19.58
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: $1.50 ▼(-12.28% Downside)

Zeo Energy's overall stock score is primarily impacted by its weak financial performance and challenging valuation metrics. The technical analysis provides a slightly better outlook but remains neutral. The absence of earnings call insights and corporate events leaves some uncertainty regarding future strategic directions.

Zeo Energy Business Overview & Revenue Model

Company Description

Zeo Energy (ZEO) is a pioneering company in the renewable energy sector, focusing on the development and implementation of innovative energy solutions. The company primarily operates in the solar and wind energy markets, providing clean energy products and services that include energy generation systems, storage solutions, and energy efficiency consulting. Zeo Energy aims to empower businesses and communities to transition towards sustainable energy practices, thereby contributing to a greener future.

How the Company Makes Money

Zeo Energy generates revenue through multiple streams, including the sale of solar panels and wind turbines, installation services for renewable energy systems, and energy storage solutions. Additionally, the company offers consulting services that help clients optimize their energy use and reduce costs. Key partnerships with government entities and private sector clients enable Zeo Energy to secure contracts for large-scale energy projects, further enhancing its revenue potential. The company also benefits from incentives and subsidies related to renewable energy initiatives, which contribute to its overall earnings.

Zeo Energy Financial Statement Overview

Summary

Zeo Energy is facing significant financial challenges. Despite some revenue growth, the company struggles with profitability and cash flow management. The negative equity position and ongoing losses raise concerns about financial stability and sustainability.

Income Statement

Zeo Energy's income statement shows a mixed performance. The company has experienced revenue growth in the TTM period, but it is accompanied by negative profit margins, indicating operational challenges. The gross profit margin remains relatively stable, but the net profit margin is negative, reflecting ongoing losses. The EBIT and EBITDA margins are also negative, highlighting inefficiencies in managing operational costs.

Balance Sheet

The balance sheet reveals significant financial instability. The company has negative stockholders' equity, indicating more liabilities than assets, which is a major concern. The debt-to-equity ratio is negative due to negative equity, and return on equity is positive but misleading due to the negative equity base. The equity ratio is also negative, further emphasizing the financial distress.

Cash Flow

Cash flow analysis shows some improvement in free cash flow growth, but operating cash flow remains negative, indicating cash management issues. The free cash flow to net income ratio is positive, suggesting some ability to generate cash relative to net losses, but the overall negative operating cash flow coverage ratio highlights liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	65.19M	73.24M	110.07M	88.96M	24.59M
Gross Profit	36.11M	35.22M	21.88M	17.75M	10.49M
EBITDA	-8.07M	-5.69M	-3.00M	10.35M	7.44M
Net Income	-9.64M	-2.67M	-3.00M	14.33M	9.46M
Balance Sheet
Total Assets	46.23M	60.98M	48.13M	286.15M	283.42M
Cash, Cash Equivalents and Short-Term Investments	68.69K	5.63M	8.02M	614.77K	1.32M
Total Debt	4.66M	5.09M	2.97M	171.35K	171.35K
Total Liabilities	33.24M	34.19M	17.54M	12.64M	24.24M
Stockholders Equity	-59.45M	-88.91M	30.59M	273.51M	259.18M
Cash Flow
Free Cash Flow	-1.76M	-9.09M	10.18M	2.20M	-1.65M
Operating Cash Flow	-914.90K	-8.72M	11.96M	3.28M	-938.29K
Investing Cash Flow	-7.85M	-7.37M	-1.78M	-3.98M	-281.52M
Financing Cash Flow	3.49M	13.70M	-4.43M	-7.82M	283.78M

Zeo Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.71
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZEO, the sentiment is Negative. The current price of 1.71 is above the 20-day moving average (MA) of 1.66, above the 50-day MA of 1.47, and below the 200-day MA of 2.00, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 46.88 is Neutral, neither overbought nor oversold. The STOCH value of 15.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ZEO.

Zeo Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SPRU	54 Neutral	$47.62M	-0.63	-47.48%	―	22.78%	-27.59%
SOL	47 Neutral	$95.97M	―	-1.27%	―	-33.44%	81.60%
BEEM	47 Neutral	$39.86M	-1.47	-65.81%	―	-49.36%	-32.19%
ZEO	42 Neutral	$86.26M	―	―	―	86.59%	55.95%
MAXN	41 Neutral	$58.80M	―	―	―	-54.68%	63.56%
SMXT	40 Underperform	$50.79M	-2.53	―	―	-27.65%	16.39%

Zeo Energy Corporate Events

Zeo Energy Discusses Growth at Gateway Conference

On September 4, 2025, Zeo Energy‘s CEO Tim Bridgewater and CFO Cannon Holbrook presented at the 2025 Annual Gateway Conference, discussing the company’s operations and future strategies. The presentation highlighted various forward-looking statements about Zeo’s growth potential, market opportunities, and challenges, including competition, economic conditions, and regulatory changes. The company emphasized its focus on managing growth, leveraging partnerships, and navigating industry risks to enhance its market position.

The most recent analyst rating on (ZEO) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Zeo Energy stock, see the ZEO Stock Forecast page.

Zeo Energy Amends Engagement with Piper Sandler

Zeo Energy Corp., a Delaware corporation, entered into a third amendment to its engagement letter with Piper Sandler & Co. on August 11, 2025. This amendment involves a payment of $1.6875 million and the issuance of 677,711 shares of Zeo Class A common stock to Piper as consideration for buy-side advisory services. Piper has agreed to a lockup on a portion of these shares until September 22, 2025. The company also plans to file a registration statement with the SEC to register these shares for resale by September 7, 2025.

The most recent analyst rating on (ZEO) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Zeo Energy stock, see the ZEO Stock Forecast page.

Zeo Energy Corp. Reports Revenue Growth Amidst Losses

Zeo Energy Corp. is a company operating in the renewable energy sector, primarily focusing on the installation of solar panel systems and roofing installations across the United States. The company is recognized for its commitment to sustainable energy solutions.

Zeo Energy Corp. Faces Financial Strain from Costly Mergers and Potential Future Expenses

Zeo Energy Corp. Class A faces significant financial risk due to substantial costs incurred from recent Mergers. These non-recurring expenses, primarily transaction fees for financial, legal, and accounting advisors, have already impacted the company’s financial condition. As they continue to evaluate these costs, there is potential for further unanticipated expenses related to post-closing matters, which could further strain their financial health and operational results. This ongoing financial burden may adversely affect the company’s future profitability and stability.

Zeo Energy Completes Acquisition of Heliogen

On August 11, 2025, Zeo Energy completed its acquisition of Heliogen, Inc., a clean energy technology provider. This acquisition enables Zeo to create a new division focused on long-duration energy generation and storage for commercial and industrial-scale facilities, enhancing its market reach and offering a comprehensive energy platform. The transaction, which involved an exchange of Zeo’s Class A common stock, also brought approximately $13.6 million in net cash to Zeo, while Heliogen’s shares ceased trading as it became a subsidiary of Zeo.

Zeo Energy Stockholders Approve Key Governance Decisions

On August 5, 2025, Zeo Energy Corp. held its annual meeting of stockholders, where several key decisions were made. The stockholders elected five directors to serve until the 2026 annual meeting, approved the issuance of shares in accordance with Nasdaq Listing Rule 5635, ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, and approved the adjournment of the meeting if necessary. These actions reflect the company’s strategic decisions to strengthen its governance and financial oversight.