Stifel Nicolaus Issues Positive Forecast for Eos Energy Enterprises (NASDAQ:EOSE) Stock Price

Key Points

• Eos Energy Enterprises has had its target price increased from $8.50 to $10.00 by Stifel Nicolaus, indicating a potential upside of 4.83% from the stock's previous close.
• Several other brokerages have offered mixed ratings, with two analysts giving a Buy rating and five issuing a Hold rating, setting the average price target at $7.50.
• The company's shares rose by 6.0% to reach $9.54, facilitating a significant increase in trading volume, with 2,264,870 shares changing hands compared to the average of about 10.8 million.

Eos Energy Enterprises (NASDAQ:EOSE - Free Report) had its price objective increased by Stifel Nicolaus from $8.50 to $10.00 in a research report report published on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

EOSE has been the topic of several other research reports. Wall Street Zen cut shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. TD Cowen increased their price target on Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a report on Friday, August 1st. Jefferies Financial Group initiated coverage on Eos Energy Enterprises in a research report on Friday, September 5th. They set a "hold" rating and a $6.50 price objective for the company. Finally, Guggenheim upped their price objective 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. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Eos Energy Enterprises presently has a consensus rating of "Hold" and an average price target of $7.50.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ:EOSE traded up $0.28 during midday trading on Friday, reaching $10.52. 10,056,630 shares of the company's stock traded hands, compared to its average volume of 11,085,798. Eos Energy Enterprises has a one year low of $2.06 and a one year high of $10.61. The stock has a 50 day moving average of $6.73 and a 200 day moving average of $5.44. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -2.00 and a beta of 2.16.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued its 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 business 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. Sell-side analysts predict that Eos Energy Enterprises will post -2.54 EPS for the current fiscal year.

Insider Buying and Selling at Eos Energy Enterprises

In other Eos Energy Enterprises news, CAO Sumeet Puri sold 40,501 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $7.11, for a total value of $287,962.11. Following the sale, the chief accounting officer owned 164,290 shares in the company, valued at $1,168,101.90. The trade was a 19.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marian Walters sold 50,000 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $7.90, for a total transaction of $395,000.00. Following the completion of the sale, the director owned 133,794 shares in the company, valued at approximately $1,056,972.60. The trade was a 27.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 683,198 shares of company stock worth $4,010,778. Insiders own 3.30% of the company's stock.

Institutional Investors Weigh In On Eos Energy Enterprises

Large investors have recently made changes to their positions in the company. Cetera Investment Advisers bought a new stake in shares of Eos Energy Enterprises in the first quarter worth about $197,000. Bank of America Corp DE grew its holdings in Eos Energy Enterprises by 165.2% during the 4th quarter. Bank of America Corp DE now owns 213,256 shares of the company's stock valued at $1,036,000 after buying an additional 132,853 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Eos Energy Enterprises during the 4th quarter valued at approximately $1,581,000. Vanguard Group Inc. boosted its position in shares of Eos Energy Enterprises by 0.6% during the 1st 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 last quarter. Finally, Brightline Capital Management LLC boosted its position in shares of Eos Energy Enterprises by 2.9% during the 1st quarter. Brightline Capital Management LLC now owns 1,707,000 shares of the company's stock valued at $6,452,000 after acquiring an additional 48,000 shares during the last quarter. 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.