Eos Energy Enterprises (NASDAQ:EOSE) Trading Up 6.2% - Still a Buy?

Key Points

• Eos Energy Enterprises stock price rose 6.2%, closing at $7.97, but trading volume was significantly lower, down 78% from the average.
• Analysts have mixed ratings on the stock, with two rating it as a "Buy" and four as "Hold," and an average target price of $6.38.
• The company reported a significant earnings miss for the last quarter, with an EPS of ($1.05) against an estimate of ($0.17), and revenue underperforming at $15.24 million.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report)'s stock price was up 6.2% on Wednesday . The company traded as high as $7.81 and last traded at $7.97. Approximately 2,289,362 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 10,555,623 shares. The stock had previously closed at $7.51.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EOSE shares. Wall Street Zen lowered Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Stifel Nicolaus decreased their price target on 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. Guggenheim decreased their price target on Eos Energy Enterprises from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Monday, June 2nd. Finally, TD Cowen increased their price target on Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $6.38.

Eos Energy Enterprises Trading Up 6.7%

The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -1.54 and a beta of 2.17. The company has a fifty day moving average price of $5.83 and a 200-day moving average price of $5.09.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Nathan Kroeker sold 99,375 shares of the firm'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 value of $590,287.50. Following the transaction, the chief financial officer directly owned 612,512 shares of the company's stock, valued at approximately $3,638,321.28. This trade represents a 13.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Michael W. Silberman sold 65,625 shares of the firm's 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 $389,812.50. Following the completion of the transaction, the general counsel directly owned 241,612 shares in the company, valued at $1,435,175.28. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 592,697 shares of company stock worth $3,327,816 in the last three months. 3.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EOSE. Driehaus Capital Management LLC bought a new position in shares of Eos Energy Enterprises in the 1st quarter valued at approximately $13,456,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Eos Energy Enterprises in the 4th quarter worth approximately $16,632,000. Geode Capital Management LLC increased its position in Eos Energy Enterprises by 101.4% in the 2nd quarter. Geode Capital Management LLC now owns 5,407,930 shares of the company's stock worth $27,692,000 after buying an additional 2,722,495 shares during the period. Engineers Gate Manager LP bought a new position in Eos Energy Enterprises in the 2nd quarter worth approximately $11,840,000. Finally, Electron Capital Partners LLC increased its position in 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 worth $35,735,000 after buying an additional 1,989,144 shares during the period. 54.87% of the stock is owned by institutional investors.

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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