Investors Buy Large Volume of Eos Energy Enterprises Call Options (NASDAQ:EOSE)

Key Points

• Eos Energy Enterprises saw an unusual spike in options trading on Friday, with 96,204 call options purchased, marking a 75% increase over the usual volume.
• Insider trades revealed that CFO Nathan Kroeker and General Counsel Michael W. Silberman sold a combined total of over 164,000 shares, reflecting significant decreases in their ownership stakes.
• The company’s stock price increased by 11.2% on Friday, trading at $10.01, while analysts forecast that Eos Energy will experience a loss of $2.54 EPS for the current fiscal year.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) saw unusually large options trading on Friday. Stock traders bought 96,204 call options on the company. This is an increase of approximately 75% compared to the average volume of 55,074 call options.

Eos Energy Enterprises Stock Performance

NASDAQ EOSE traded up $0.48 on Monday, reaching $10.24. The stock had a trading volume of 30,550,445 shares, compared to its average volume of 13,913,394. The firm has a fifty day moving average of $6.63 and a two-hundred day moving average of $5.40. Eos Energy Enterprises has a 1-year low of $2.06 and a 1-year high of $10.48.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Eos Energy Enterprises will post -2.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Guggenheim lifted their target price on Eos Energy Enterprises from $6.00 to $10.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Jefferies Financial Group initiated coverage on Eos Energy Enterprises in a research report on Friday, September 5th. They set a "hold" rating and a $6.50 price target on the stock. TD Cowen boosted their price target on Eos Energy Enterprises from $5.50 to $6.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. Wall Street Zen lowered Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Finally, Stifel Nicolaus boosted their price target on Eos Energy Enterprises from $8.50 to $10.00 and gave the stock a "buy" rating in a research report on Friday. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $7.50.

Insider Activity at Eos Energy Enterprises

In related news, General Counsel Michael W. Silberman sold 65,625 shares of Eos Energy Enterprises 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 $389,812.50. Following the sale, the general counsel owned 241,612 shares of the company's stock, valued at approximately $1,435,175.28. This trade represents a 21.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chief financial officer directly owned 612,512 shares in the company, valued at approximately $3,638,321.28. This represents a 13.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 683,198 shares of company stock valued at $4,010,778 over the last 90 days. Insiders own 3.30% of the company's stock.

Institutional Trading of Eos Energy Enterprises

Institutional investors have recently modified their holdings of the stock. KBC Group NV bought a new stake in shares of Eos Energy Enterprises during the 1st quarter valued at $38,000. SBI Securities Co. Ltd. lifted its position in shares of Eos Energy Enterprises by 588.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company's stock valued at $38,000 after acquiring an additional 8,602 shares during the period. Elevatus Welath Management bought a new stake in shares of Eos Energy Enterprises during the 1st quarter valued at $39,000. Amalgamated Bank bought a new stake in shares of Eos Energy Enterprises during the 2nd quarter worth $39,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Eos Energy Enterprises during the 2nd quarter worth $39,000. 54.87% of the stock is currently owned by 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.