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

Key Points

• Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has received an average rating of "Hold" from six brokerages, with four analysts recommending a hold and two a buy, and an average twelve-month target price set at $6.3750.
• The company's recent earnings report indicated a loss of ($1.05) EPS against an expected loss of ($0.17), with reported revenue of $15.24 million falling short of the anticipated $24.96 million.
• Insider trading activity shows significant decreases, with Director Alexander Dimitrief selling 45,000 shares and CFO Nathan Kroeker selling 99,375 shares in recent months.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) has been given an average rating of "Hold" by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $6.3750.

Several equities analysts have commented on the stock. Guggenheim decreased their target price on shares of Eos Energy Enterprises from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Monday, June 2nd. TD Cowen raised their target price on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a report on Friday, August 1st. Wall Street Zen lowered shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Finally, Stifel Nicolaus decreased their target price on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating on the stock in a report on Monday, June 9th.

Eos Energy Enterprises Stock Up 3.8%

Shares of Eos Energy Enterprises stock opened at $6.34 on Thursday. Eos Energy Enterprises has a twelve month low of $1.72 and a twelve month high of $7.36. The company has a 50-day simple moving average of $5.19 and a two-hundred day simple moving average of $4.99. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -1.21 and a beta of 2.07.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released its 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 business had revenue of $15.24 million for the quarter, compared to analysts' expectations of $24.96 million. On average, sell-side analysts anticipate that Eos Energy Enterprises will post -2.54 earnings per share for the current fiscal year.

Insider Activity

In other Eos Energy Enterprises news, Director Alexander Dimitrief sold 45,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $6.00, for a total transaction of $270,000.00. Following the sale, the director directly owned 219,452 shares of the company's stock, valued at $1,316,712. The trade was a 17.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Nathan Kroeker sold 99,375 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $5.94, for a total transaction of $590,287.50. Following the sale, the chief financial officer directly owned 612,512 shares in the company, valued at $3,638,321.28. The trade was a 13.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,153,053 shares of company stock worth $7,171,858. Company insiders own 3.63% of the company's stock.

Institutional Investors Weigh In On Eos Energy Enterprises

A number of institutional investors have recently added to or reduced their stakes in EOSE. KBC Group NV acquired a new position in shares of Eos Energy Enterprises in the 1st quarter worth approximately $38,000. SBI Securities Co. Ltd. lifted its position in shares of 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 purchasing an additional 8,602 shares during the period. Elevatus Welath Management acquired a new position in shares of Eos Energy Enterprises in the 1st quarter worth approximately $39,000. Amalgamated Bank acquired a new position in shares of Eos Energy Enterprises in the 2nd quarter worth approximately $39,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Eos Energy Enterprises in the 2nd quarter worth approximately $39,000. 54.87% of the stock is owned by institutional investors.

Eos Energy Enterprises Company Profile

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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