Eos Energy Enterprises (NASDAQ:EOSE) Reaches New 1-Year High - What's Next?

Key Points

• Eos Energy Enterprises reached a new 52-week high of $15.19, closing at $13.86 with significant trading volume of over 35 million shares.
• Analysts have mixed views, with two buy ratings, seven hold ratings, and one sell rating, highlighting a consensus target price of $7.58.
• The company reported a loss of $1.05 EPS for the last quarter, significantly missing analyst estimates of a loss of $0.17, alongside a revenue of $15.24 million.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $15.19 and last traded at $13.86, with a volume of 35245248 shares changing hands. The stock had previously closed at $12.60.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EOSE. TD Cowen upped their price target on Eos Energy Enterprises from $5.50 to $6.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Stifel Nicolaus lifted their price target on shares of Eos Energy Enterprises from $8.50 to $10.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Guggenheim boosted their target price 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, September 5th. Zacks Research upgraded Eos Energy Enterprises from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Eos Energy Enterprises in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $7.58.

Eos Energy Enterprises Trading Up 10.0%

The company's 50-day simple moving average is $7.86 and its 200 day simple moving average is $5.96. The stock has a market cap of $3.60 billion, a P/E ratio of -2.66 and a beta of 2.29.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. Research analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Michael W. Silberman sold 65,625 shares of the company's 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 approximately $1,435,175.28. This represents a 21.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Marian Walters sold 50,000 shares of the business's stock in a transaction 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 in the company, valued at $1,056,972.60. The trade was a 27.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 484,668 shares of company stock valued at $3,027,014. Company insiders own 3.30% of the company's stock.

Institutional Investors Weigh In On Eos Energy Enterprises

Institutional investors have recently made changes to their positions in the business. KBC Group NV purchased a new position in Eos Energy Enterprises in the 1st quarter worth $38,000. SBI Securities Co. Ltd. grew its stake in shares of Eos Energy Enterprises by 588.0% during the first quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company's stock valued at $38,000 after buying an additional 8,602 shares during the last quarter. Elevatus Welath Management bought a new stake in shares of Eos Energy Enterprises in the 1st quarter valued at about $39,000. Amalgamated Bank purchased a new stake in Eos Energy Enterprises in the 2nd quarter worth approximately $39,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Eos Energy Enterprises in the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 54.87% of the company's stock.

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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