Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Given Average Rating of "Hold" by Brokerages

Key Points

• Eos Energy Enterprises has received an average consensus rating of "Hold" from nine brokerages, with seven holding and two recommending a buy.
• Significant price target revisions include Stifel Nicolaus raising their target to $10.00 and TD Cowen adjusting theirs to $6.00.
• Insider trading activity shows a decrease in ownership, with General Counsel and a Director selling shares totaling approximately $660,000 in recent transactions.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) has received a consensus recommendation of "Hold" from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $7.5833.

Several research analysts have weighed in on EOSE shares. Stifel Nicolaus increased their price target on shares of Eos Energy Enterprises from $8.50 to $10.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. TD Cowen upped their price objective on Eos Energy Enterprises from $5.50 to $6.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Guggenheim raised their target price on Eos Energy Enterprises from $6.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Zacks Research upgraded Eos Energy Enterprises from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Finally, Wall Street Zen cut Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd.

Insider Buying and Selling

In other Eos Energy Enterprises news, General Counsel Michael W. Silberman sold 65,625 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $5.94, for a total value of $389,812.50. Following the completion of the transaction, the general counsel directly owned 241,612 shares in the company, valued at $1,435,175.28. This represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alexander Dimitrief sold 45,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $6.00, for a total transaction of $270,000.00. Following the completion of the sale, the director directly owned 219,452 shares of the company's stock, valued at approximately $1,316,712. This trade represents a 17.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 683,198 shares of company stock worth $4,010,778 in the last ninety days. Corporate insiders own 3.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EOSE. SBI Securities Co. Ltd. increased its stake in Eos Energy Enterprises by 588.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company's stock worth $38,000 after buying an additional 8,602 shares in the last quarter. KBC Group NV bought a new position in shares of Eos Energy Enterprises in the first quarter worth about $38,000. Elevatus Welath Management purchased a new stake in shares of Eos Energy Enterprises during the first quarter worth about $39,000. Amalgamated Bank bought a new stake in Eos Energy Enterprises during the 2nd quarter valued at approximately $39,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in Eos Energy Enterprises in the 2nd quarter worth approximately $39,000. Institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Stock Performance

EOSE stock opened at $12.36 on Friday. The company has a market cap of $3.21 billion, a price-to-earnings ratio of -2.37 and a beta of 2.29. The business's 50-day moving average is $7.59 and its two-hundred day moving average is $5.81. Eos Energy Enterprises has a fifty-two week low of $2.06 and a fifty-two week high of $13.13.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported ($1.05) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.88). The firm had revenue of $15.24 million for the quarter, compared to analysts' expectations of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. Equities analysts predict that Eos Energy Enterprises will post -2.54 earnings per share for the current year.

About Eos Energy Enterprises

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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