Eos Energy Enterprises (NASDAQ:EOSE) Sets New 1-Year High - Time to Buy?

Key Points

• Eos Energy Enterprises shares have reached a new 52-week high, trading at $8.20, with significant trading volume of over 19 million shares.
• Analysts have mixed views on the stock; Guggenheim upgraded its target price to $10 with a "buy" rating, while Wall Street Zen downgraded it to "sell."
• The company's recent earnings report showed a significant loss of ($1.05) EPS, falling short of expectations with revenues of $15.24 million versus a consensus estimate of $24.96 million.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report)'s share price reached a new 52-week high on Saturday . The company traded as high as $8.24 and last traded at $8.20, with a volume of 19094937 shares trading hands. The stock had previously closed at $7.22.

Analyst Ratings Changes

Several brokerages have issued reports on EOSE. Wall Street Zen lowered shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Stifel Nicolaus lowered their target price on Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating on the stock in a research report on Monday, June 9th. TD Cowen upped their target price on Eos Energy Enterprises from $5.50 to $6.00 and gave the stock a "hold" rating in a report on Friday, August 1st. Guggenheim increased their price target on Eos Energy Enterprises from $6.00 to $10.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Finally, Jefferies Financial Group began coverage on Eos Energy Enterprises in a research report on Friday, September 5th. They set a "hold" rating and a $6.50 price target on the stock. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $7.20.

Eos Energy Enterprises Price Performance

The stock has a 50-day moving average price of $6.45 and a 200-day moving average price of $5.32. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -1.69 and a beta of 2.17.

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

Insider Buying and Selling at Eos Energy Enterprises

In other news, General Counsel Michael W. Silberman sold 65,625 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 $389,812.50. Following the completion of the sale, the general counsel owned 241,612 shares in the company, valued at $1,435,175.28. The trade was a 21.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Marian Walters sold 50,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $7.90, for a total value of $395,000.00. Following the transaction, the director owned 133,794 shares in the company, valued at approximately $1,056,972.60. This trade represents a 27.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 683,198 shares of company stock worth $4,010,778 in the last ninety days. Insiders own 3.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOSE. Vanguard Group Inc. boosted its position in shares of Eos Energy Enterprises by 0.6% in the first quarter. Vanguard Group Inc. now owns 10,362,810 shares of the company's stock valued at $39,171,000 after acquiring an additional 59,762 shares during the period. Electron Capital Partners LLC raised its stake in Eos Energy Enterprises by 39.9% in the 2nd quarter. Electron Capital Partners LLC now owns 6,979,422 shares of the company's stock worth $35,735,000 after purchasing an additional 1,989,144 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Eos Energy Enterprises by 101.4% in the 2nd quarter. Geode Capital Management LLC now owns 5,407,930 shares of the company's stock valued at $27,692,000 after purchasing an additional 2,722,495 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Eos Energy Enterprises by 36.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,900,513 shares of the company's stock valued at $14,744,000 after purchasing an additional 1,050,128 shares during the period. Finally, Driehaus Capital Management LLC acquired a new position in shares of Eos Energy Enterprises during the 1st quarter worth approximately $13,456,000. 54.87% of the stock is owned by institutional investors and hedge funds.

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.