Eos Energy Enterprises (NASDAQ:EOSE) Trading Up 4.8% - Time to Buy?

Key Points

• Eos Energy Enterprises (NASDAQ:EOSE) shares rose 4.8%, trading between $7.57 and $7.64, although daily trading volume dropped significantly to 3.2 million shares.
• Analyst ratings reflect mixed sentiments, with a range of price targets from $5.50 to $10.00 and a consensus hold rating, as the company's earnings missed expectations.
• Recent insider trading includes CFO Nathan Kroeker selling 99,375 shares, reducing his stake by nearly 14%, while institutional investors own approximately 54.87% of the stock.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) shares were up 4.8% on Friday . The stock traded as high as $7.64 and last traded at $7.57. Approximately 3,195,587 shares changed hands during trading, a decline of 70% from the average daily volume of 10,636,427 shares. The stock had previously closed at $7.22.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EOSE shares. TD Cowen raised their price target on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Stifel Nicolaus reduced their price target on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating for the company in a research report on Monday, June 9th. Jefferies Financial Group started coverage on shares of Eos Energy Enterprises in a research note on Friday, September 5th. They set a "hold" rating and a $6.50 price target on the stock. Guggenheim lifted their price target 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. Finally, Wall Street Zen cut shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $7.20.

Eos Energy Enterprises Price Performance

The stock's fifty day simple moving average is $6.17 and its 200-day simple moving average is $5.21. The firm has a market cap of $1.98 billion, a PE ratio of -1.46 and a beta of 2.17.

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 for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.88). The firm had revenue of $15.24 million for the quarter, compared to analysts' expectations of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. Analysts expect that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current year.

Insider Activity at Eos Energy Enterprises

In related news, CFO Nathan Kroeker sold 99,375 shares of Eos Energy Enterprises stock in a transaction that occurred 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 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 this hyperlink. Also, Director Marian Walters sold 50,000 shares of Eos Energy Enterprises stock in a transaction that occurred 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 completion of the transaction, 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. Insiders sold 683,198 shares of company stock valued at $4,010,778 over the last ninety days. Corporate insiders own 3.30% of the company's stock.

Institutional Trading of Eos Energy Enterprises

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.