Eos Energy Enterprises, Inc. $EOSE Holdings Boosted by Brightline Capital Management LLC

Key Points

• Brightline Capital Management LLC has increased its investment in Eos Energy Enterprises by 2.9%, now holding approximately 1.7 million shares valued at $6.45 million, making it one of their largest holdings.
• Eos Energy Enterprises reported a loss per share of $1.05 in its latest earnings, significantly missing analysts' expectation of a loss of $0.17, with revenue also coming in below forecasts at $15.24 million.
• Institutional investors own 54.87% of Eos Energy's stock, with several analysts adjusting their price targets and ratings, currently averaging a hold with a price target of $6.38.

Brightline Capital Management LLC boosted its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,707,000 shares of the company's stock after buying an additional 48,000 shares during the quarter. Eos Energy Enterprises accounts for approximately 5.6% of Brightline Capital Management LLC's holdings, making the stock its 9th biggest position. Brightline Capital Management LLC owned approximately 0.75% of Eos Energy Enterprises worth $6,452,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EOSE. Vanguard Group Inc. raised its holdings in shares of Eos Energy Enterprises by 0.6% during the first quarter. Vanguard Group Inc. now owns 10,362,810 shares of the company's stock valued at $39,171,000 after purchasing an additional 59,762 shares during the last quarter. Stifel Financial Corp raised its stake in Eos Energy Enterprises by 6.4% during the 4th quarter. Stifel Financial Corp now owns 4,978,078 shares of the company's stock valued at $24,193,000 after buying an additional 297,909 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Eos Energy Enterprises during the 4th quarter valued at $16,632,000. American Financial Group Inc. lifted its holdings in Eos Energy Enterprises by 174.0% in the first quarter. American Financial Group Inc. now owns 1,861,930 shares of the company's stock valued at $7,038,000 after acquiring an additional 1,182,310 shares during the period. Finally, Alyeska Investment Group L.P. boosted its position in Eos Energy Enterprises by 714.3% in the fourth 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. Hedge funds and other institutional investors own 54.87% of the company's stock.

Insiders Place Their Bets

In other Eos Energy Enterprises news, CAO Sumeet Puri sold 17,500 shares of Eos Energy Enterprises stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $5.94, for a total transaction of $103,950.00. Following the completion of the sale, the chief accounting officer directly owned 136,457 shares of the company's stock, valued at $810,554.58. The trade was a 11.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $590,287.50. Following the completion of the sale, the chief financial officer 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 disclosure for this sale can be found here. Over the last three months, insiders sold 592,697 shares of company stock worth $3,327,816. 3.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EOSE shares. Guggenheim reduced their price target on shares of 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. TD Cowen increased their price target on shares of 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 cut shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, Stifel Nicolaus decreased their target price on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating on the stock in a research note on Monday, June 9th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Eos Energy Enterprises presently has a consensus rating of "Hold" and a consensus price target of $6.38.

Eos Energy Enterprises Trading Up 2.9%

Shares of NASDAQ EOSE traded up $0.20 during midday trading on Wednesday, hitting $7.12. The company's stock had a trading volume of 11,120,425 shares, compared to its average volume of 10,556,350. Eos Energy Enterprises, Inc. has a 12-month low of $2.06 and a 12-month high of $7.36. The firm has a market cap of $1.85 billion, a P/E ratio of -1.36 and a beta of 2.07. The business's 50 day moving average is $5.57 and its two-hundred day moving average is $5.02.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported ($1.05) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.88). The business had revenue of $15.24 million during the quarter, compared to the consensus estimate of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. On average, analysts predict that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

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.