Zacks Investment Research recently initiated coverage of Zeo Energy Corp. (ZEO) with a “Neutral” recommendation, indicating an earnings inflection point, though balanced by notable financial and structural risks.Zeo Energy is a vertically integrated provider of residential solar systems and related energy efficiency solutions. Following its March 2024 business combination with Sunergy, the Florida-based company has focused on selling, designing, installing and maintaining residential solar systems, while al ...

Zeo Energy signs deal to develop 280 MW power for Creekstone data center in Utah | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]- Companies[Creekstone Energy]Follow[Zeo Energy Corp]FollowFeb 18 (Reuters) - Zeo Energy [(ZEO.O), opens new tab] said on Wednesday it signed a memorandum of understanding with privately held Creekstone Energy to develop about 280 megawatts of power generation for a data center under construction in Milla ...

Core Viewpoint - Zeo Energy Corp. has signed a memorandum of understanding with Creekstone Energy to develop approximately 280 megawatts of baseload energy generation for a data center in Millard County, Utah, indicating a strategic expansion into the energy market for cloud computing and AI [1][2]. Company Overview - Zeo Energy Corp. is a diversified clean energy company focused on providing residential, commercial, industrial, and utility-scale solutions aimed at reducing costs and carbon emissions [8]. - The company operates Sunergy, a residential solar and distributed energy business, and Heliogen, which specializes in long-duration energy generation and storage [8]. Strategic Initiatives - The MOU with Creekstone is part of Zeo's strategy to leverage its long-duration energy solutions in response to the growing power demands of data centers, particularly driven by AI workloads [2][7]. - Following the acquisition of Heliogen in August 2025, Zeo aims to apply its expertise in long-duration energy storage to meet the unprecedented power demand in the data center sector [3][7]. Project Details - Creekstone plans to provide over 300 megawatts of gas-powered energy to data center clients at the Gigasite, with an initial 50 megawatts allocated to Blue Sky AI Inc. [4]. - The Gigasite is designed to support the energy and cooling demands of large-scale AI computing, with plans to expand power production to multiple gigawatts [4][9]. Activities Under the MOU - Zeo has initiated a pre-feasibility study to identify the most energy-efficient and cost-effective solar power and energy storage solutions for the Gigasite [5]. - The MOU outlines potential project financing for solar and storage solutions, as well as engineering services including Front-End Loading and Front-End Engineering Design studies [6]. Management Commentary - Zeo's CEO emphasized the importance of the MOU as a milestone in addressing the power demands of data centers and highlighted ongoing discussions for additional projects that could benefit from Zeo's clean baseload power solutions [7]. - Creekstone's CEO noted the urgency of providing baseload power to meet the demands of AI workloads and the collaboration with Zeo as a means to expand clean power offerings [7].

As filed with the Securities and Exchange Commission on January 27, 2026 Registration No. 333-291120 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ZEO ENERGY CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 4931 001-40927 (I.R.S. Employer Identification Number) ...

As filed with the Securities and Exchange Commission on January 27, 2026 Registration No. 333-291120 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ZEO ENERGY CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 4931 001-40927 (I.R.S. Employer Identification Number) ...

Core Insights - Zeo Energy Corp. reported a net revenue of approximately $23.9 million for Q3 2025, representing a 22% increase compared to Q3 2024 and a 32% increase from Q2 2025 [3][7][8] - The company anticipates Q4 net revenues to remain stable, navigating typical seasonal fluctuations while expanding into new markets like Virginia [3][4] - The acquisition of Heliogen is generating interest in large-scale energy solutions, particularly for data centers and commercial customers [4][7] Financial Performance - Q3 2025 Adjusted EBITDA was approximately $2.0 million, an improvement from $(0.2) million in Q3 2024 [7][8] - Gross profit for Q3 2025 increased to approximately $13.7 million, representing 57.4% of total net revenue, up from 48.8% in Q3 2024 [8] - The net loss for Q3 2025 was approximately $1.9 million, a decrease from a net loss of approximately $2.9 million in Q3 2024 [8] Operational Highlights - The company has shown resilience in maintaining revenue and managing costs despite challenges in the broader residential solar market [3] - Zeo Energy is focusing on attracting top sales talent and expanding into favorable new markets to position itself for future growth in 2026 [3][4] - The acquisition of Heliogen is expected to enhance Zeo's capabilities in long-duration energy generation and storage, particularly for high-demand applications [4][7]

Financial Performance - Net revenues for the three months ended September 30, 2025, were $23,896,448, representing an increase from $19,657,905 in the same period of 2024, a growth of approximately 21.4%[117] - Gross profit for the three months ended September 30, 2025, was $13,707,389, with a gross margin of 57.4%, compared to a gross profit of $9,587,229 and a gross margin of 48.8% in the same period of 2024[117] - Adjusted EBITDA for the three months ended September 30, 2025, was $1,956,127, with an adjusted EBITDA margin of 8.2%, compared to an adjusted EBITDA of $(241,712) and a margin of (1.2)% in the same period of 2024[117] - Net revenues for the nine months ended September 30, 2025, decreased by approximately $3.8 million to $50.8 million, a 7.0% decline compared to $54.6 million for the same period in 2024[148] - Contribution profit for the nine months ended September 30, 2025, was $7,593,178, a decrease from $9,714,754 in 2024, while contribution margin was 15.0% compared to 17.8% in 2024[167] - The company reported a net loss of $(17,868,299) for the nine months ended September 30, 2025, compared to $(8,736,845) in 2024, reflecting ongoing challenges[168] Cost and Expenses - Cost of revenues for the three months ended September 30, 2025, increased by $0.3 million to $10.1 million, while as a percentage of revenue, it declined from 49.8% to 42.1%[142] - General and administrative expenses decreased by $1.2 million to $6.0 million for the three months ended September 30, 2025, primarily due to decreased stock-based compensation expenses[144] - Sales and marketing expenses increased by $4.4 million to $9.6 million for the three months ended September 30, 2025, driven by increased stock-based compensation and expanded selling efforts[145] - Cost of revenues for the nine months ended September 30, 2025, decreased by $8.7 million to $22.1 million, improving as a percentage of revenue from 56.4% to 43.6%[149] - General and administrative expenses increased by $5.4 million to $21.3 million for the nine months ended September 30, 2025, mainly due to higher payroll costs and professional fees[152] - Commissions expense for the nine months ended September 30, 2025, was $12,735,435, slightly increasing from $12,663,350 in 2024[168] Cash Flow and Financing - Net cash used in operating activities was approximately $11.1 million for the nine months ended September 30, 2025, a decrease from $12.2 million in the same period of 2024[160] - Net cash provided by investing activities was approximately $13.5 million for the nine months ended September 30, 2025, primarily from cash acquired in the acquisition of Heliogen[161] - Net cash used in financing activities was approximately $4.1 million for the nine months ended September 30, 2025, compared to $8.8 million provided in the same period of 2024[162] - The company has approximately $2.5 million in convertible notes and only $0.1 million of debt on service trucks and vehicles, indicating a low debt level[163] Strategic Initiatives - The company completed the acquisition of Heliogen on August 8, 2025, issuing 6,217,612 shares of class A common stock at an exchange ratio of 0.9591 shares for each share of Heliogen common stock[114] - The company plans to expand its roofing business in all markets to facilitate faster solar installations, particularly in areas affected by severe weather[123] - Future revenue growth is expected to depend on the company's ability to expand into underserved residential markets in states like Florida, Texas, and Virginia[122] - The company aims to increase its in-house sales force and external sales dealers to target new customers in the Southern U.S. regional residential markets[125] - The company has approximately 280 sales agents and 12 independent sales dealers as of September 30, 2025, focusing on a capital-light business strategy[110] Market Conditions - The company is experiencing increased costs due to inflation, particularly in raw materials and labor, which may pressure operating margins[126] - Less than 5% of sales were paid in cash by customers in the nine months ended September 30, 2025, indicating a reliance on third-party financing[131] Performance Monitoring - Management uses non-GAAP financial measures to monitor performance and facilitate comparisons with other companies, highlighting the importance of these metrics in strategic decision-making[165] - Adjusted EBITDA for the nine months ended September 30, 2025, was $(1,924,958), improving from $(8,736,845) in 2024, with an adjusted EBITDA margin of (3.8)% compared to 0.2% in 2024[168] - Total gross profit for the nine months ended September 30, 2025, was $28,085,826, up from $23,176,906 in 2024[167]

As filed with the Securities and Exchange Commission on October 28, 2025 Registration No. 333-[ ] UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ZEO ENERGY CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 4931 001-40927 (I.R.S. Employer Identification Number) 7625 Little Rd, Suite ...

As filed with the Securities and Exchange Commission on October 28, 2025 Registration No. 333-[ ] UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ZEO ENERGY CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 4931 001-40927 (I.R.S. Employer Identification Number) 7625 Little Rd, Suite ...

Core Insights - Zeo Energy Corp. will present at ROTH Capital's 12th Annual Solar & Storage Symposium during the RE+ trade show in Las Vegas from September 8-11, 2025 [1][2] Company Overview - Zeo Energy Corp. is a Florida-based provider of residential solar and commercial long-duration energy-storage solutions [1][6] - The company operates Sunergy, focusing on residential solar and distributed energy solutions in high-growth markets with limited competition [6] - Zeo also operates Heliogen, Inc., which specializes in long-duration energy generation and storage for high-demand applications such as AI and data centers [6] Industry Context - RE+ is North America's premier clean energy conference, showcasing a wide range of renewable energy technologies [2] - The event aims to strengthen the clean energy industry through networking and education, reflecting best practices as the market evolves [2] - Last year's RE+ attracted over 40,000 clean energy professionals, including 14,000 senior executives and over 1,300 exhibitors [3]