Zeo Energy Corp. (ZEO) Stock Price & Analysis
Zeo Energy Corp. (ZEO) is trading at USD 0.28, down 0.54% today, as of October 23, 2026 at 16:40 UTC (US market open; quotes may be delayed), according to Nexqual market data.
ZEO last closed at USD 0.28; today's session has ranged USD 0.27–0.28 on volume of 85,786 shares. Market capitalization is $25.36M, with a 52-week range of USD 0.19–2.06 (NCM). Source: Nexqual, retrieved October 23, 2026 at 16:41 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ZEO.md
Key facts (ZEO)
- Last four reported quarters (through Jun 30, 2026): revenue $71.8M, net income -$11.1M (-15.4% margin), free cash flow -$6.3M (SEC filings).
- Analysts: None.
- Total return with dividends: 1Y -85.3% vs S&P 500 +14.6%; 5Y -97.2% vs S&P 500 +77.3%.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ZEO)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | — | $110M | $73.2M | $69.3M | $71.8M |
| Gross profit | — | $110M | $35.2M | $38.3M | — |
| Operating income | -$2.8M | $5.1M | -$10.8M | -$20.5M | -$11.9M |
| Net income | $14.3M | -$3.0M | -$2.7M | -$14.0M | -$11.1M |
| EPS (diluted) | — | $4.85 | -$0.48 | — | — |
| Free cash flow | — | $10.9M | -$9.1M | -$9.9M | -$6.3M |
| Gross margin | — | 99.9% | 48.0% | 55.2% | — |
| Operating margin | — | 4.7% | -14.8% | -29.6% | -16.6% |
| Net margin | — | -2.7% | -3.6% | -20.2% | -15.4% |
| Revenue growth | — | — | -33.2% | -5.3% | — |
| Cash + short-term investments | $615K | $8.0M | $5.6M | $30.0M | — |
| Total debt | — | — | $788K | $79K | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ZEO)
P/S 0.3x · EV/Sales -0.1x · P/B 2.7x · FCF yield -24.76% · Earnings yield -43.69% · Net cash $30.0M · EV -$4.6M
Analysts (ZEO)
Consensus None.
Total return (dividends reinvested) (ZEO)
| 1Y (from 2025-10-23) | 5Y (from 2021-12-13) | |
|---|---|---|
| Total return | -85.3% | -97.2% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | -85.4% | -52.0% |
| Volatility (annualized) | 117.6% | 98.8% |
| Max drawdown | -89.4% (Oct 2025→Sep 2026) | -97.9% (Feb 2024→Sep 2026) |
ZEO revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Solar System Installations Net | $16.0M | 99.2% | -9.3% |
| Roofing Installations | $132,531 | 0.8% | -67.9% |
| Total revenue | $16.2M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ZEO suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Consolidated Electrical Distributors | “the primary supplier from which we purchase the equipment that we install is Consolidated Electrical Distributors, Inc. (d/b/a Greentech” |
| Customer | Lumio HX | “In November 2024, we also began serving customers for whom Lumio HX, Inc. (as described under” |
| Partner | ESGEN OpCo | “partnership taxable as a corporation for U.S. federal income tax purposes, we and OpCo might be subject to potentially significant tax” |
Quoted from the company's 10-K filed Apr 1, 2026.
ZEO company outlook (results filed Jun 18, 2025)
- “This move will also enhance our balance sheet and diversify our revenue base going forward.” “As anticipated, in Q1 we experienced a slowdown due to the seasonality of our intensive summer sales model.”
- “(ix) the Company's ability to effectively consolidate the assets of Lumio and produce the expected results; and (x) other risks and uncertainties, including those included under the heading “Risk Factors” in the Company's Annual Report on Form 10-K filed with the U.S.”
Quoted word-for-word from the SEC 8-K results press release.
ZEO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year | — | — | — | $0 | — |
| Next fiscal year (ends Dec 2027) | — | — | — | $0 | — |
Key Statistics (as of October 23, 2026 at 16:41 UTC)
| Price | USD 0.28 |
|---|---|
| Change | ▼ 0.54% (down) |
| Previous Close | USD 0.28 |
| Open | USD 0.28 |
| Day Range | USD 0.27 – 0.28 |
| 52-Week Range | USD 0.19 – 2.06 |
| Volume | 85,786 shares |
| Market Cap | $25.36M |
| Exchange | NCM |
Technical Analysis (ZEO)
Nexqual's technical model rates ZEO "STRONG SELL" based on 0 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 16:41 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 51.48 (neutral) |
| vs SMA50 | Below (USD 0.32) |
| MACD | -0.02 (negative) |
Analyst Ratings (ZEO)
Wall Street analysts rate ZEO "None", per Nexqual as of October 23, 2026 at 16:41 UTC.
| Consensus Rating | None |
|---|
Earnings (ZEO)
Source: Nexqual, October 23, 2026 at 16:41 UTC.
Financials & Fundamentals (ZEO)
| Total Revenue | $71.82M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -10.70% |
| Gross Margin | +51.10% |
| Operating Margin | -18.48% |
| Profit Margin | -15.43% |
| ROE | -31.07% |
| Debt / Equity | 0.04 |
| Current Ratio | 1.56 |
| Total Cash | $2.45M |
| Total Debt | $1.54M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$6.28M (-8.7% of revenue) |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
Financial Health Score (ZEO)
Nexqual rates Zeo Energy Corp.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 16:41 UTC.
| Growth | Critical — Revenue -11% YoY (latest Q), sharp decline |
|---|---|
| Profitability | Weak — Not yet profitable — scaling phase |
| Balance Sheet | Strong — $30M cash and investments, no debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$6M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -31%, ROA -13.6% |
Ownership (ZEO)
| Insider Ownership | +25.84% |
|---|---|
| Institutional Ownership | +24.71% |
| Shares Outstanding | 41.70M |
| Float | 18.11M |
| Short % of Float | +6.38% |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
Leadership (ZEO)
Zeo Energy Corp. is led by Timothy A. Bridgewater, Chairman & CEO, per Nexqual as of October 23, 2026 at 16:41 UTC.
| Chairman & CEO | Timothy A. Bridgewater |
|---|---|
| Chief Financial Officer | Cannon Holbrook |
| Chief Operating Officer | Kalen Larsen |
Major Backers & Investors (ZEO)
Notable institutional backers of Zeo Energy Corp. include Citizens Financial Group Inc/RI, UBS Group AG, Fidelity, according to Nexqual as of October 23, 2026 at 16:41 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Citizens Financial Group Inc/RI | 1.16% |
| UBS Group AG | 0.25% |
| Fidelity | 0.19% |
| PNC Financial Services Group, Inc. | 0.16% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 0.91% |
| Geode Capital | 0.23% |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
From Zeo Energy Corp.'s Latest SEC 10-K Filing (filed 2026-04-01)
Key Strengths & Strategy (as disclosed to the SEC)
- The Contribution established our vertically integrated company offering residential solar energy solutions.
- We believe our vertically integrated business model, in which we market, design, sell, procure, install and service systems, has a major benefit of enhancing the speed of project completion after an initial sale is made.
- As utility companies offer increasingly renewable portfolios to retail customers, those customers might be less inclined to have a residential solar energy system installed on their home or business, which could adversely affect our growth. vertically integrated business models like our own, many of which are larger than we are.
- We typically require our personnel, consultants and third parties such as our suppliers with access to our proprietary information to execute confidentiality agreements.
Partnerships
- Our agreement with Greentech does not require either party to continue to conduct new business with the other party.
- We also entered into a Registration Rights Agreement with White Lion on January 27, 2026 (the "RRA").
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| JKS | JinkoSolar Holding Company Limi | USD 8.21 | ▲ 0.86% |
| ARRY | Array Technologies, Inc. | USD 3.17 | ▼ 4.09% |
| CSIQ | Canadian Solar Inc. | USD 9.21 | ▼ 0.11% |
| SHLS | Shoals Technologies Group, Inc. | USD 7.53 | ▼ 2.59% |
| RUN | Sunrun Inc. | USD 7.54 | ▼ 2.14% |
| SEDG | SolarEdge Technologies, Inc. | USD 33.3 | ▲ 1.09% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:41 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt