Eos Energy Enterprises (NASDAQ:EOSE) Price Target Lowered to $8.50 at Stifel Nicolaus

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) had its target price lowered by equities research analysts at Stifel Nicolaus from $9.00 to $8.50 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target points to a potential upside of 104.33% from the stock's current price.

A number of other research firms also recently issued reports on EOSE. Guggenheim cut 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 research report on Monday, June 2nd. Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Roth Mkm downgraded shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and upped their target price for the company from $4.00 to $5.00 in a research report on Thursday, February 20th. Finally, Roth Capital downgraded shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $6.50.

Eos Energy Enterprises Trading Up 3.7%

NASDAQ EOSE traded up $0.15 on Monday, hitting $4.16. 10,110,253 shares of the company were exchanged, compared to its average volume of 8,622,307. The firm has a 50 day moving average of $5.06 and a two-hundred day moving average of $4.71. The company has a market cap of $946.77 million, a P/E ratio of -1.73 and a beta of 1.97. Eos Energy Enterprises has a 1-year low of $0.74 and a 1-year high of $7.36.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.01). The company had revenue of $10.46 million for the quarter, compared to analyst estimates of $11.77 million. Research analysts anticipate that Eos Energy Enterprises will post -2.54 EPS for the current fiscal year.

Insider Buying and Selling at Eos Energy Enterprises

In other news, General Counsel Michael W. Silberman sold 100,943 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $6.86, for a total value of $692,468.98. Following the completion of the sale, the general counsel now directly owns 161,404 shares of the company's stock, valued at $1,107,231.44. This represents a 38.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nathan Kroeker sold 152,856 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $6.86, for a total value of $1,048,592.16. Following the completion of the sale, the insider now directly owns 403,815 shares of the company's stock, valued at approximately $2,770,170.90. This trade represents a 27.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 560,356 shares of company stock worth $3,844,042. Company insiders own 3.63% of the company's stock.

Institutional Trading of Eos Energy Enterprises

Institutional investors and hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust bought a new stake in shares of Eos Energy Enterprises in the 4th quarter valued at about $29,000. Carmel Capital Partners LLC bought a new stake in shares of Eos Energy Enterprises in the 4th quarter valued at about $49,000. KBC Group NV bought a new stake in shares of Eos Energy Enterprises in the 1st quarter valued at about $38,000. SBI Securities Co. Ltd. increased its stake 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 valued at $38,000 after acquiring an additional 8,602 shares during the last quarter. Finally, Elevatus Welath Management bought a new stake in shares of Eos Energy Enterprises in the 1st quarter valued at about $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.