Eos Energy Enterprises (NASDAQ:EOSE) Shares Up 10.7% - What's Next?

Key Points

• Eos Energy Enterprises shares increased by 10.7% in a single trading session, with the stock last recorded at $15.90, despite a significant drop in trading volume.
• Several analysts updated their ratings and price targets for Eos Energy, with Guggenheim setting a buy rating and a target price of $20.00, while Zacks raised its rating to hold.
• The company reported a significant earnings miss, posting an EPS of ($1.05) against estimates of ($0.17) and revenue of $15.24 million below the consensus of $24.96 million.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) traded up 10.7% during mid-day trading on Friday . The stock traded as high as $15.80 and last traded at $15.90. 3,660,237 shares were traded during mid-day trading, a decline of 71% from the average session volume of 12,698,284 shares. The stock had previously closed at $14.36.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EOSE shares. Zacks Research raised Eos Energy Enterprises from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 30th. Roth Capital set a $12.00 target price on shares of Eos Energy Enterprises and gave the company a "neutral" rating in a report on Wednesday. Guggenheim raised their price target on Eos Energy Enterprises from $10.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday. Wall Street Zen cut Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, B. Riley raised their target price on Eos Energy Enterprises from $5.00 to $8.00 and gave the stock a "neutral" rating in a research 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $11.36.

Eos Energy Enterprises Trading Up 13.3%

The business's fifty day moving average price is $10.27 and its 200 day moving average price is $6.96. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of -3.11 and a beta of 2.29.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($1.05) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.88). The business 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. As a group, sell-side analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Alexander Dimitrief sold 45,000 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $6.00, for a total transaction of $270,000.00. Following the completion of the sale, the director owned 219,452 shares in the company, valued at $1,316,712. This represents a 17.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Marian Walters sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $7.90, for a total value of $395,000.00. Following the sale, the director owned 133,794 shares of the company's stock, valued at $1,056,972.60. This trade represents a 27.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 484,668 shares of company stock valued at $3,027,014. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Eos Energy Enterprises during the 3rd quarter worth approximately $118,000. KLP Kapitalforvaltning AS increased its position in Eos Energy Enterprises by 57.5% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 73,700 shares of the company's stock worth $839,000 after purchasing an additional 26,900 shares during the period. Bouvel Investment Partners LLC acquired a new position in Eos Energy Enterprises during the third quarter worth $1,262,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of Eos Energy Enterprises during the 3rd quarter worth $115,000. Finally, Apella Capital LLC acquired a new position in shares of Eos Energy Enterprises during the 3rd quarter worth $126,000. 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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