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) traded up 4.8% on Friday . The stock traded as high as $7.64 and last traded at $7.57. 3,195,587 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 10,636,427 shares. The stock had previously closed at $7.22.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Guggenheim increased their price objective on shares of Eos Energy Enterprises from $6.00 to $10.00 and gave the company a "buy" rating in a report on Friday, September 5th. Wall Street Zen downgraded shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Stifel Nicolaus lowered their target price on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating for the company in a research note on Monday, June 9th. TD Cowen upped their target price on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Finally, Jefferies Financial Group initiated coverage on shares of Eos Energy Enterprises in a research note on Friday, September 5th. They issued a "hold" rating and a $6.50 target price for the company. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.20.

Eos Energy Enterprises Price Performance

The firm has a market cap of $2.17 billion, a P/E ratio of -1.60 and a beta of 2.17. The business's 50-day moving average is $6.37 and its two-hundred day moving average is $5.30.

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 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. Equities research analysts predict that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

Insider Buying and Selling

In other news, CFO Nathan Kroeker sold 99,375 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $5.94, for a total value 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. This represents a 13.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marian Walters sold 50,000 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $7.90, for a total transaction of $395,000.00. Following the sale, the director owned 133,794 shares of the company's stock, valued at approximately $1,056,972.60. This 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 worth $4,010,778 in the last 90 days. 3.30% of the stock is owned by corporate insiders.

Institutional Trading of Eos Energy Enterprises

A number of hedge funds have recently modified their holdings of EOSE. Cetera Investment Advisers acquired a new stake in Eos Energy Enterprises in the 1st quarter worth about $197,000. Bank of America Corp DE raised its stake in Eos Energy Enterprises by 165.2% in the 4th quarter. Bank of America Corp DE now owns 213,256 shares of the company's stock worth $1,036,000 after purchasing an additional 132,853 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Eos Energy Enterprises in the 4th quarter worth about $1,581,000. Brightline Capital Management LLC raised its stake in Eos Energy Enterprises by 2.9% in the 1st quarter. Brightline Capital Management LLC now owns 1,707,000 shares of the company's stock worth $6,452,000 after purchasing an additional 48,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Eos Energy Enterprises by 0.6% in 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 in the last quarter. Institutional investors and hedge funds 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.