Eos Energy Enterprises (NASDAQ:EOSE) Shares Gap Up - Should You Buy?

Key Points

• Eos Energy Enterprises (NASDAQ:EOSE) shares gapped up to $12.96 after a prior close of $12.37, with a significant trading volume of 4,364,529 shares.
• Recent analyst upgrades include Guggenheim raising their target price from $6.00 to $10.00, while Zacks upgraded the stock from "strong sell" to "hold".
• The company reported a quarterly EPS of ($1.05), significantly missing estimates, with revenue of $15.24 million compared to expectations of $24.96 million.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $12.37, but opened at $12.96. Eos Energy Enterprises shares last traded at $12.66, with a volume of 4,364,529 shares traded.

Analyst Upgrades and Downgrades

EOSE has been the subject of several recent analyst reports. B. Riley raised their price objective on shares of Eos Energy Enterprises from $5.00 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday. Guggenheim raised 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 note on Friday, September 5th. Stifel Nicolaus boosted their price target on Eos Energy Enterprises from $8.50 to $10.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Zacks Research upgraded shares of Eos Energy Enterprises from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Finally, TD Cowen increased their price objective on Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $7.58.

Eos Energy Enterprises Trading Up 5.0%

The firm has a market cap of $3.38 billion, a PE ratio of -2.48 and a beta of 2.28. The business has a fifty day moving average of $7.47 and a 200-day moving average of $5.76.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($1.05) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.88). The firm 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. On average, equities analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

Insider Buying and Selling at Eos Energy Enterprises

In other Eos Energy Enterprises 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 stock was 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 $1,435,175.28. This represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 value of $590,287.50. Following the transaction, the chief financial officer owned 612,512 shares in the company, valued at approximately $3,638,321.28. This represents a 13.96% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 683,198 shares of company stock worth $4,010,778. Company insiders own 3.30% of the company's stock.

Institutional Investors Weigh In On Eos Energy Enterprises

A number of institutional investors have recently modified their holdings of EOSE. Vanguard Group Inc. boosted its holdings 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 worth $39,171,000 after purchasing an additional 59,762 shares during the last quarter. Electron Capital Partners LLC boosted its stake in shares of Eos Energy Enterprises by 39.9% in the 2nd quarter. Electron Capital Partners LLC now owns 6,979,422 shares of the company's stock valued at $35,735,000 after buying an additional 1,989,144 shares during the period. Geode Capital Management LLC lifted its stake in Eos Energy Enterprises by 101.4% during the second quarter. Geode Capital Management LLC now owns 5,407,930 shares of the company's stock worth $27,692,000 after purchasing an additional 2,722,495 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Eos Energy Enterprises by 36.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,900,513 shares of the company's stock valued at $14,744,000 after purchasing an additional 1,050,128 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in Eos Energy Enterprises in the 1st quarter valued at $13,456,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

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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