Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) Director Marian Walters sold 50,000 shares of the firm's stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $15.81, for a total value of $790,500.00. Following the sale, the director directly owned 135,334 shares of the company's stock, valued at approximately $2,139,630.54. This represents a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Eos Energy Enterprises Stock Up 2.9%
Shares of Eos Energy Enterprises stock opened at $15.43 on Tuesday. Eos Energy Enterprises, Inc. has a 12-month low of $2.99 and a 12-month high of $19.86. The firm has a market capitalization of $4.45 billion, a PE ratio of -1.85 and a beta of 2.15. The stock's fifty day moving average is $14.74 and its 200-day moving average is $9.14.
Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($2.77) earnings per share for the quarter, missing analysts' consensus estimates of ($0.31) by ($2.46). The company had revenue of $30.51 million during the quarter, compared to analyst estimates of $39.55 million. Analysts expect that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Eos Energy Enterprises in a research report on Wednesday, October 8th. Zacks Research lowered shares of Eos Energy Enterprises from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 29th. B. Riley boosted their target price on shares of Eos Energy Enterprises from $8.00 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, November 11th. Guggenheim increased their target price on Eos Energy Enterprises from $10.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, October 22nd. Finally, Roth Capital set a $12.00 price target on Eos Energy Enterprises and gave the company a "neutral" rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $11.93.
View Our Latest Research Report on Eos Energy Enterprises
Institutional Investors Weigh In On Eos Energy Enterprises
A number of institutional investors have recently modified their holdings of EOSE. Vanguard Group Inc. grew its holdings in shares of Eos Energy Enterprises by 16.7% during the 3rd quarter. Vanguard Group Inc. now owns 15,536,862 shares of the company's stock valued at $176,965,000 after acquiring an additional 2,218,075 shares in the last quarter. Rubric Capital Management LP purchased a new position in Eos Energy Enterprises in the third quarter valued at about $117,317,000. Electron Capital Partners LLC increased its position in Eos Energy Enterprises by 39.9% in the 2nd quarter. Electron Capital Partners LLC now owns 6,979,422 shares of the company's stock worth $35,735,000 after purchasing an additional 1,989,144 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Eos Energy Enterprises by 101.4% during the 2nd quarter. Geode Capital Management LLC now owns 5,407,930 shares of the company's stock worth $27,692,000 after purchasing an additional 2,722,495 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Eos Energy Enterprises by 36.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,900,513 shares of the company's stock worth $14,744,000 after purchasing an additional 1,050,128 shares in the last quarter. Institutional investors and hedge funds own 54.87% of the company's stock.
About Eos Energy Enterprises
(
Get Free Report)
Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.
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