Eos Energy Enterprises (NASDAQ:EOSE) Hits New 1-Year High - Should You 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) shares hit a new 52-week high during trading on Saturday . The stock traded as high as $8.24 and last traded at $8.20, with a volume of 19094937 shares traded. The stock had previously closed at $7.22.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Guggenheim raised their target price on shares of Eos Energy Enterprises from $6.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Jefferies Financial Group initiated coverage on shares of Eos Energy Enterprises in a research report on Friday, September 5th. They issued a "hold" rating and a $6.50 target price for the company. Wall Street Zen cut shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. TD Cowen boosted their target price on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus dropped their target price 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. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $7.20.

Eos Energy Enterprises Trading Up 13.6%

The firm's 50-day moving average price is $6.24 and its 200 day moving average price is $5.23. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -1.57 and a beta of 2.17.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued 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 firm 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. As a group, equities research analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

Insider Activity at Eos Energy Enterprises

In related news, Director Marian Walters sold 50,000 shares of Eos Energy Enterprises stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $7.90, for a total transaction of $395,000.00. Following the sale, the director directly owned 133,794 shares of the company's stock, valued at approximately $1,056,972.60. The trade was a 27.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Michael W. Silberman sold 65,625 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 $389,812.50. Following the sale, the general counsel directly owned 241,612 shares in the company, valued at $1,435,175.28. This trade represents a 21.36% 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. Insiders own 3.30% of the company's stock.

Institutional Investors Weigh In On Eos Energy Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the stock. KBC Group NV bought a new stake in shares of Eos Energy Enterprises during the 1st quarter valued at approximately $38,000. SBI Securities Co. Ltd. grew its holdings in Eos Energy Enterprises by 588.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company's stock worth $38,000 after acquiring an additional 8,602 shares during the last quarter. Elevatus Welath Management bought a new stake in Eos Energy Enterprises during the 1st quarter worth approximately $39,000. Amalgamated Bank bought a new stake in Eos Energy Enterprises during the 2nd quarter worth approximately $39,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Eos Energy Enterprises during 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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