Eos Energy Enterprises (NASDAQ:EOSE) Upgraded to "Hold" at Wall Street Zen

Key Points

• Eos Energy Enterprises has been upgraded to a "Hold" rating from a "Sell" rating by Wall Street Zen, following a series of similar upgrades from other analysts.
• The stock recently opened at $16.06, experiencing a significant gain of 11.8%, with a 12-month range between $2.06 and $19.05.
• Despite the positive rating changes, the company reported a loss of ($1.05) earnings per share, missing analysts' estimates by a wide margin.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

EOSE has been the subject of several other research reports. Zacks Research raised Eos Energy Enterprises from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Jefferies Financial Group began coverage on Eos Energy Enterprises in a report on Friday, September 5th. They set a "hold" rating and a $6.50 price target on the stock. Guggenheim increased their price target on Eos Energy Enterprises from $10.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday. Roth Capital set a $12.00 price target on Eos Energy Enterprises and gave the company a "neutral" rating in a research note on Wednesday. Finally, TD Cowen upped their target price on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Eos Energy Enterprises presently has a consensus rating of "Hold" and a consensus target price of $11.36.

Eos Energy Enterprises Stock Up 11.8%

EOSE stock opened at $16.06 on Friday. Eos Energy Enterprises has a 12 month low of $2.06 and a 12 month high of $19.05. The firm has a market cap of $4.17 billion, a P/E ratio of -3.08 and a beta of 2.29. The company's 50-day moving average price is $10.47 and its two-hundred day moving average price is $7.05.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued its earnings results 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 business 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. Equities analysts predict that Eos Energy Enterprises will post -2.54 EPS for the current year.

Insider Transactions at Eos Energy Enterprises

In other news, CFO Nathan Kroeker sold 99,375 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $5.94, for a total transaction of $590,287.50. Following the transaction, the chief financial officer directly owned 612,512 shares of the company's stock, valued at $3,638,321.28. This represents a 13.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Marian Walters sold 50,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was 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 in the company, 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 ninety days, insiders have sold 484,668 shares of company stock valued at $3,027,014. Insiders own 3.30% of the company's stock.

Institutional Trading of Eos Energy Enterprises

Several hedge funds have recently modified their holdings of EOSE. Vanguard Group Inc. grew its position in Eos Energy Enterprises by 0.6% in the first quarter. Vanguard Group Inc. now owns 10,362,810 shares of the company's stock worth $39,171,000 after acquiring an additional 59,762 shares in the last quarter. Electron Capital Partners LLC grew its stake in Eos Energy Enterprises by 39.9% in the second quarter. Electron Capital Partners LLC now owns 6,979,422 shares of the company's stock worth $35,735,000 after purchasing an additional 1,989,144 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of 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 valued at $27,692,000 after buying an additional 2,722,495 shares during the period. Goldman Sachs Group Inc. raised 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 in the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Eos Energy Enterprises during the 1st quarter worth $13,456,000. 54.87% of the stock is owned by hedge funds and other institutional investors.

Eos Energy Enterprises Company Profile

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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