BNP Paribas Financial Markets Buys New Shares in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

BNP Paribas Financial Markets bought a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 261,431 shares of the company's stock, valued at approximately $1,271,000. BNP Paribas Financial Markets owned about 0.12% of Eos Energy Enterprises as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Alyeska Investment Group L.P. raised its position in Eos Energy Enterprises by 714.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,628,500 shares of the company's stock worth $7,915,000 after purchasing an additional 1,428,500 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Eos Energy Enterprises in the 4th quarter worth about $1,310,000. Northern Trust Corp raised its position in shares of Eos Energy Enterprises by 15.9% in the 4th quarter. Northern Trust Corp now owns 520,680 shares of the company's stock worth $2,531,000 after acquiring an additional 71,597 shares in the last quarter. Beacon Pointe Advisors LLC bought a new position in shares of Eos Energy Enterprises in the 4th quarter worth about $203,000. Finally, Alpine Global Management LLC bought a new position in shares of Eos Energy Enterprises in the 4th quarter worth about $236,000. 54.87% of the stock is owned by institutional investors.

Insider Buying and Selling at Eos Energy Enterprises

In other Eos Energy Enterprises news, insider Nathan Kroeker sold 152,856 shares of Eos Energy Enterprises stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $6.86, for a total transaction of $1,048,592.16. Following the completion of the transaction, the insider now owns 403,815 shares in the company, valued at approximately $2,770,170.90. The trade was a 27.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Michael W. Silberman sold 100,943 shares of Eos Energy Enterprises stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $6.86, for a total value of $692,468.98. Following the transaction, the general counsel now owns 161,404 shares of the company's stock, valued at $1,107,231.44. This trade represents a 38.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 560,356 shares of company stock worth $3,844,042. Insiders own 3.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Guggenheim reissued a "buy" rating and issued a $7.00 price objective on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Roth Mkm lowered Eos Energy Enterprises from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $4.00 to $5.00 in a research report on Thursday, February 20th. Roth Capital lowered Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Cowen reissued a "hold" rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Eos Energy Enterprises has an average rating of "Hold" and a consensus price target of $6.00.

Eos Energy Enterprises Price Performance

Shares of EOSE traded up $0.38 during trading hours on Friday, hitting $6.38. The stock had a trading volume of 8,801,761 shares, compared to its average volume of 7,727,725. The firm has a 50 day simple moving average of $4.96 and a 200-day simple moving average of $4.55. The firm has a market capitalization of $1.45 billion, a P/E ratio of -2.65 and a beta of 2.11. Eos Energy Enterprises, Inc. has a 1-year low of $0.66 and a 1-year high of $7.36.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.01). The firm had revenue of $10.46 million during the quarter, compared to the consensus estimate of $11.77 million. Equities analysts predict that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current fiscal year.

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.