Key Points
- Director Marian Walters sold 7,681 shares of Eos Energy Enterprises on May 19 at an average price of $7.07, totaling about $54,305. After the sale, Walters still held 135,334 shares, representing a 5.37% reduction in ownership.
- EOSE recently beat quarterly expectations, reporting EPS of $0.12 versus the consensus estimate of a $0.22 loss and revenue of $56.96 million, slightly ahead of forecasts.
- Wall Street remains cautious on the stock, with analysts assigning an average “Hold” rating and a consensus price target of $10.93 after multiple firms cut their targets in recent notes.
Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) Director Marian Walters sold 7,681 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $7.07, for a total value of $54,304.67. Following the sale, the director directly owned 135,334 shares in the company, valued at approximately $956,811.38. This trade represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Eos Energy Enterprises Stock Performance
EOSE opened at $6.88 on Wednesday. The firm has a market cap of $2.34 billion, a P/E ratio of -1.03 and a beta of 2.56. Eos Energy Enterprises, Inc. has a 52-week low of $3.69 and a 52-week high of $19.86. The business's fifty day moving average is $6.25 and its 200-day moving average is $10.91.
Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.34. The company had revenue of $56.96 million for the quarter, compared to analyst estimates of $54.32 million. On average, research analysts predict that Eos Energy Enterprises, Inc. will post -0.8 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Eos Energy Enterprises
Several large investors have recently bought and sold shares of the company. Inspire Investing LLC raised its position in Eos Energy Enterprises by 2.2% in the fourth quarter. Inspire Investing LLC now owns 41,442 shares of the company's stock valued at $475,000 after purchasing an additional 882 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Eos Energy Enterprises by 58.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,700 shares of the company's stock valued at $31,000 after purchasing an additional 1,000 shares during the last quarter. GAMMA Investing LLC raised its position in Eos Energy Enterprises by 46.4% in the fourth quarter. GAMMA Investing LLC now owns 3,270 shares of the company's stock valued at $37,000 after purchasing an additional 1,036 shares during the last quarter. Diversify Advisory Services LLC raised its position in Eos Energy Enterprises by 6.5% in the third quarter. Diversify Advisory Services LLC now owns 17,124 shares of the company's stock valued at $195,000 after purchasing an additional 1,049 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Eos Energy Enterprises by 33.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,732 shares of the company's stock valued at $66,000 after purchasing an additional 1,425 shares during the last quarter. 54.87% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
EOSE has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Eos Energy Enterprises from $9.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, April 16th. B. Riley Financial reduced their price objective on Eos Energy Enterprises from $12.00 to $8.00 and set a "neutral" rating on the stock in a research note on Thursday, March 5th. Roth Mkm reduced their price objective on Eos Energy Enterprises from $12.00 to $6.00 and set a "neutral" rating on the stock in a research note on Friday, February 27th. Guggenheim reaffirmed a "neutral" rating and issued a $20.00 price objective on shares of Eos Energy Enterprises in a research note on Friday, February 27th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Eos Energy Enterprises in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $10.93.
Check Out Our Latest Analysis on Eos Energy Enterprises
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.
Further Reading
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