Brenmiller Energy Ltd. (NASDAQ:BNRG) is making significant moves within the Thermal Energy Storage sector. On June 20, 2025, the company completed a strategic reverse stock split at a 5 for 1 ratio. This initiative aims to enhance shareholder value and align with business objectives. The decision was effective after the market closed on June 18, 2025.

According to CEO Avi Brenmiller, this move is essential for protecting shareholder interests as the company approaches important milestones. The special meeting held on December 5, 2024, approved this decision by shareholders.

After the split, outstanding shares decreased from approximately 13.6 million to 2.7 million. Investors may view this share reduction as a significant step in improving the stock’s perception in the market. As of now, BNRG is trading at $0.49, which marks a increase of 5.83% from previous levels.