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

Key Points

• Eos Energy Enterprises, Inc. has received a consensus rating of "Hold" from seven research firms, with five recommending to hold and two to buy.
• The stock's average twelve-month price target among analysts is $7.20, while Guggenheim recently raised its target from $6.00 to $10.00.
• Eos Energy reported a loss per share of ($1.05), significantly missing consensus estimates, and had revenue of $15.24 million compared to the expected $24.96 million.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) has earned an average recommendation of "Hold" from the seven research firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $7.20.

A number of equities analysts have issued reports on EOSE shares. Guggenheim raised their price target on shares of Eos Energy Enterprises from $6.00 to $10.00 and gave the stock a "buy" rating in a research report on Friday. Wall Street Zen lowered shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Jefferies Financial Group started coverage on shares of Eos Energy Enterprises in a research report on Friday. They set a "hold" rating and a $6.50 price target for the company. Stifel Nicolaus reduced their price target on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating for the company in a research report on Monday, June 9th. Finally, TD Cowen raised their price target on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the stock a "hold" rating in a research report on Friday, August 1st.

Eos Energy Enterprises Stock Down 1.8%

EOSE stock opened at $7.21 on Monday. The firm has a 50 day moving average of $6.01 and a 200 day moving average of $5.14. The stock has a market capitalization of $1.87 billion, a PE ratio of -1.38 and a beta of 2.16. Eos Energy Enterprises has a 52 week low of $2.06 and a 52 week high of $8.09.

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 analysts' consensus estimates of ($0.17) by ($0.88). The company had revenue of $15.24 million for the quarter, compared to the consensus estimate of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Eos Energy Enterprises will post -2.54 earnings per share for the current year.

Insider Activity at Eos Energy Enterprises

In other news, CFO Nathan Kroeker sold 99,375 shares of Eos Energy Enterprises stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $5.94, for a total transaction of $590,287.50. Following the completion of the transaction, the chief financial officer directly owned 612,512 shares of the company's stock, valued at $3,638,321.28. The trade was a 13.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joe Mastrangelo sold 166,667 shares of Eos Energy Enterprises stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $5.94, for a total transaction of $990,001.98. Following the transaction, the chief executive officer directly owned 1,403,226 shares of the company's stock, valued at approximately $8,335,162.44. This trade represents a 10.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 642,697 shares of company stock worth $3,722,816 in the last ninety days. 3.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Eos Energy Enterprises

Institutional investors have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Eos Energy Enterprises during the 2nd quarter valued at approximately $39,000. Amalgamated Bank purchased a new position in shares of Eos Energy Enterprises during the 2nd quarter valued at approximately $39,000. Baxter Bros Inc. purchased a new position in shares of Eos Energy Enterprises during the 2nd quarter valued at approximately $51,000. KBC Group NV purchased a new position in shares of Eos Energy Enterprises during the 1st quarter valued at approximately $38,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Eos Energy Enterprises by 588.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company's stock valued at $38,000 after purchasing an additional 8,602 shares in the last quarter. 54.87% of the stock is owned by hedge funds and other 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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