Eos Energy Enterprises (NASDAQ:EOSE) Shares Down 11.2% - Should You Sell?

Key Points

• Eos Energy Enterprises shares dropped by 11.2%, closing at $14.48 after a previous close of $16.30, with trading volume increasing by 26% compared to average volumes.
• Analysts have mixed opinions on the stock, with two ratings of "Buy," seven "Hold," and one "Sell," leading to a consensus target price of $11.36.
• In recent insider trading, General Counsel Michael W. Silberman and CFO Nathan Kroeker sold significant shares, indicating a decrease in their positions by 21.36% and 13.96%, respectively.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) shares dropped 11.2% on Wednesday . The stock traded as low as $14.46 and last traded at $14.48. Approximately 15,932,307 shares traded hands during trading, an increase of 26% from the average daily volume of 12,666,650 shares. The stock had previously closed at $16.30.

Analyst Ratings Changes

EOSE has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Eos Energy Enterprises in a research report on Friday, September 5th. They set a "hold" rating and a $6.50 target price on the stock. Guggenheim upped their price target on shares of Eos Energy Enterprises from $10.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday. TD Cowen upped their price target on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a report on Friday, August 1st. Roth Capital set a $12.00 price target on shares of Eos Energy Enterprises and gave the company a "neutral" rating in a report on Wednesday. Finally, B. Riley upped their price target on shares of Eos Energy Enterprises from $5.00 to $8.00 and gave the company a "neutral" rating in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $11.36.

Eos Energy Enterprises Price Performance

The firm's 50-day moving average price is $9.93 and its 200-day moving average price is $6.83. The company has a market cap of $3.96 billion, a price-to-earnings ratio of -2.92 and a beta of 2.29.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($1.05) earnings per share (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. On average, sell-side analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current year.

Insider Buying and Selling at Eos Energy Enterprises

In related news, General Counsel Michael W. Silberman sold 65,625 shares of the firm'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 $389,812.50. Following the completion of the sale, the general counsel directly owned 241,612 shares of the company's stock, valued at approximately $1,435,175.28. This trade represents a 21.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nathan Kroeker sold 99,375 shares of the firm'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 sale, the chief financial officer directly owned 612,512 shares of the company's stock, valued at approximately $3,638,321.28. The trade was a 13.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 484,668 shares of company stock worth $3,027,014. 3.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Eos Energy Enterprises

A number of large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its position in Eos Energy Enterprises by 16.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,053 shares of the company's stock valued at $125,000 after purchasing an additional 4,767 shares during the last quarter. Jag Capital Management LLC grew its stake in shares of Eos Energy Enterprises by 9.6% in the 1st quarter. Jag Capital Management LLC now owns 66,150 shares of the company's stock worth $250,000 after purchasing an additional 5,800 shares during the last quarter. KBC Group NV acquired a new position in shares of Eos Energy Enterprises in the 1st quarter worth approximately $38,000. Cannon Global Investment Management LLC acquired a new position in shares of Eos Energy Enterprises in the 1st quarter worth approximately $57,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Eos Energy Enterprises in the first quarter worth approximately $120,000. 54.87% of the stock is owned by institutional investors and hedge funds.

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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