Cetera Investment Advisers Buys Shares of 52,210 Eos Energy Enterprises, Inc. $EOSE

Key Points

• Cetera Investment Advisers recently acquired 52,210 shares of Eos Energy Enterprises, Inc., valued at approximately $197,000, as reported in its Form 13F filing with the SEC.
• Several institutional investors, including Bank of America Corp and Barclays PLC, significantly increased their holdings in Eos Energy during the last quarter, reflecting growing interest in the company.
• The stock has shown a 52-week low of $2.06 and a high of $7.36, currently priced at $6.32, while the company recently reported a substantial earnings miss.

Cetera Investment Advisers purchased a new stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 52,210 shares of the company's stock, valued at approximately $197,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV bought a new position in Eos Energy Enterprises in the 1st quarter worth approximately $38,000. SBI Securities Co. Ltd. raised its holdings in shares of Eos Energy Enterprises by 588.0% in the first quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company's stock valued at $38,000 after buying an additional 8,602 shares during the last quarter. Parallel Advisors LLC bought a new position in Eos Energy Enterprises in the 1st quarter valued at $43,000. Carmel Capital Partners LLC lifted its position in Eos Energy Enterprises by 24.5% during the 1st quarter. Carmel Capital Partners LLC now owns 12,450 shares of the company's stock valued at $47,000 after purchasing an additional 2,450 shares during the period. Finally, Cannon Global Investment Management LLC acquired a new position in shares of Eos Energy Enterprises in the 1st quarter valued at $57,000. Hedge funds and other institutional investors own 54.87% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on EOSE. Stifel Nicolaus dropped their price target on 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. Wall Street Zen cut shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. TD Cowen raised their target price on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Finally, Guggenheim reduced their price objective on shares of Eos Energy Enterprises from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Monday, June 2nd. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $6.38.

Insider Buying and Selling at Eos Energy Enterprises

In related news, CFO Nathan Kroeker sold 99,375 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $5.94, for a total transaction of $590,287.50. Following the transaction, the chief financial officer owned 612,512 shares in the company, valued at $3,638,321.28. The trade was a 13.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexander Dimitrief sold 45,000 shares of Eos Energy Enterprises stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $6.00, for a total value of $270,000.00. Following the sale, the director owned 219,452 shares in the company, valued at $1,316,712. This represents a 17.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 592,697 shares of company stock worth $3,327,816. 3.63% of the stock is owned by corporate insiders.

Eos Energy Enterprises Price Performance

Shares of Eos Energy Enterprises stock traded up $0.08 on Wednesday, reaching $7.00. 7,550,591 shares of the company traded hands, compared to its average volume of 10,534,149. The firm has a market capitalization of $1.82 billion, a PE ratio of -1.34 and a beta of 2.07. Eos Energy Enterprises, Inc. has a 52 week low of $2.06 and a 52 week high of $7.36. The company has a 50 day moving average of $5.57 and a 200 day moving average of $5.02.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released 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 firm had revenue of $15.24 million for the quarter, compared to the consensus estimate of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current 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.