Key Points
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Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) CFO Nathan Kroeker sold 50,000 shares of Eos Energy Enterprises stock in a transaction on Monday, January 26th. The stock was sold at an average price of $16.04, for a total value of $802,000.00. Following the sale, the chief financial officer owned 662,512 shares in the company, valued at $10,626,692.48. The trade was a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Eos Energy Enterprises Stock Performance
EOSE opened at $16.19 on Tuesday. The firm has a market cap of $4.67 billion, a P/E ratio of -1.94 and a beta of 2.11. The firm has a 50-day moving average of $14.24 and a 200 day moving average of $11.55. Eos Energy Enterprises, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $19.86.
Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($2.77) EPS for the quarter, missing the consensus estimate of ($0.31) by ($2.46). The business had revenue of $30.51 million for the quarter, compared to analyst estimates of $39.55 million. Equities research analysts predict that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on EOSE shares. B. Riley increased their price objective on Eos Energy Enterprises from $8.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, November 11th. Wall Street Zen downgraded Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of Eos Energy Enterprises in a report on Thursday. Guggenheim upped their price objective on shares of 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 Mkm set a $12.00 target price on shares of Eos Energy Enterprises and gave the stock a "neutral" rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Eos Energy Enterprises presently has an average rating of "Hold" and an average price target of $13.50.
Read Our Latest Research Report on EOSE
Institutional Trading of Eos Energy Enterprises
Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in Eos Energy Enterprises by 33.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,325 shares of the company's stock worth $38,000 after purchasing an additional 825 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Eos Energy Enterprises by 46.4% in the fourth quarter. GAMMA Investing LLC now owns 3,270 shares of the company's stock worth $37,000 after buying an additional 1,036 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of Eos Energy Enterprises by 6.5% in the third quarter. Diversify Advisory Services LLC now owns 17,124 shares of the company's stock worth $195,000 after buying an additional 1,049 shares in the last quarter. Investment Advisory Group LLC boosted its position in shares of Eos Energy Enterprises by 7.0% in the third quarter. Investment Advisory Group LLC now owns 23,000 shares of the company's stock valued at $262,000 after acquiring an additional 1,500 shares during the period. Finally, Copia Wealth Management grew its stake in Eos Energy Enterprises by 54.7% during the third quarter. Copia Wealth Management now owns 4,796 shares of the company's stock valued at $55,000 after acquiring an additional 1,696 shares in the last quarter. Hedge funds and other institutional investors own 54.87% of the company's stock.
About Eos Energy Enterprises
(
Get Free Report)
Eos Energy Enterprises specializes in the development and deployment of scalable, long-duration energy storage systems designed to support the integration of renewable power and enhance grid reliability. The company's core technology centers on its proprietary zinc hybrid cathode (Znyth™) battery platform, which aims to deliver safe, low-cost, and durable performance for utility, commercial and industrial, and microgrid applications.
The company's flagship product, the Aurora™ energy storage system, combines its Znyth™ cells with modular power conversion and controls to offer flexible capacity ranging from one to three hours of discharge duration.
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