Eos Energy Enterprises (NASDAQ:EOSE) Sets New 12-Month High - Should You Buy?

Key Points

• Eos Energy Enterprises (NASDAQ:EOSE) shares hit a new 52-week high of $16.25, closing at $15.45 with a significant volume of over 5.6 million shares traded.
• Analysts have mixed opinions on the stock, with two buy ratings, seven hold ratings, and one sell rating; the current average target price is $7.58.
• The company's latest earnings report showed a loss of ($1.05) per share against a consensus estimate of ($0.17), with revenues of $15.24 million, missing expectations significantly.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $16.25 and last traded at $15.45, with a volume of 5680276 shares traded. The stock had previously closed at $13.82.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Eos Energy Enterprises in a research report on Friday, September 5th. They issued a "hold" rating and a $6.50 price objective for the company. Zacks Research raised Eos Energy Enterprises from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 30th. Stifel Nicolaus raised their target price on Eos Energy Enterprises from $8.50 to $10.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Weiss Ratings restated a "sell (d-)" rating on shares of Eos Energy Enterprises in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Eos Energy Enterprises currently has an average rating of "Hold" and a consensus price target of $7.58.

Eos Energy Enterprises Stock Performance

The company has a 50 day moving average of $8.54 and a two-hundred day moving average of $6.24. The stock has a market cap of $4.16 billion, a PE ratio of -3.10 and a beta of 2.29.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.88). The company had revenue of $15.24 million during the quarter, compared to analysts' expectations 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 EPS for the current year.

Insider Activity

In related news, CFO Nathan Kroeker sold 99,375 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $5.94, for a total transaction of $590,287.50. Following the completion of the transaction, the chief financial officer owned 612,512 shares in the company, valued at approximately $3,638,321.28. The trade was a 13.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction, the director 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 484,668 shares of company stock worth $3,027,014. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers purchased a new position in Eos Energy Enterprises in the first quarter valued at about $197,000. Vanguard Group Inc. grew 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 purchasing an additional 59,762 shares during the last quarter. Brightline Capital Management LLC grew its position in shares of Eos Energy Enterprises by 2.9% in the first quarter. Brightline Capital Management LLC now owns 1,707,000 shares of the company's stock valued at $6,452,000 after purchasing an additional 48,000 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Eos Energy Enterprises in the first quarter valued at approximately $13,456,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Eos Energy Enterprises in the first quarter valued at approximately $167,000. 54.87% of the stock is owned by hedge funds and other institutional investors.

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.

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