Brenmiller Energy Ltd. (NASDAQ:BNRG) Undergoes Reverse Stock Split

Font: Financial Modeling Prep  • Jun 20, 2025

Brenmiller Energy Ltd. (NASDAQ:BNRG) is a key player in the Thermal Energy Storage sector. The company focuses on innovative solutions to store and manage energy efficiently. As of June 20, 2025, BNRG underwent a reverse stock split at a ratio of 5 for 1. This strategic move is part of Brenmiller's efforts to enhance shareholder value and align with its business goals. The reverse stock split, effective after the market closed on June 18, 2025, was a significant decision for Brenmiller.

As highlighted by CEO Avi Brenmiller, the split aims to protect shareholder interests as the company nears important milestones. The decision was carefully considered and approved by shareholders in a Special General Meeting on December 5, 2024. Following the reverse split, BNRG's outstanding ordinary shares decreased from approximately 13.6 million to about 2.7 million. This reduction in shares is expected to improve the stock's market perception and potentially stabilize its price.

The stock continues to trade under the symbol "BNRG" on the Nasdaq Capital Market. Currently, BNRG is priced at $0.49, reflecting a 5.83% increase, or $0.027, from previous levels. The stock has seen fluctuations, with a daily low of $0.47 and a high of $0.545. Over the past year, BNRG's price ranged from a high of $15.3 to a low of $0.47, indicating significant volatility. BNRG's market capitalization stands at approximately $5.45 million, with a trading volume of 878,557 shares. This reverse stock split is a strategic step for Brenmiller Energy Ltd. as it continues to focus on its core objectives and enhance its market position.