Concurrent Investment Advisors LLC Takes Position in Eos Energy Enterprises, Inc. $EOSE

Key Points

• Concurrent Investment Advisors LLC acquired 107,028 shares of Eos Energy Enterprises, Inc., valued at approximately $548,000, indicating growing institutional interest in the company.
• Eos Energy reported a disappointing quarterly earnings result with ($1.05) earnings per share, significantly missing the consensus estimate of ($0.17) by ($0.88).
• Wall Street analysts have mixed ratings on the stock, with an average rating of “Hold” and a consensus price target of $9.58, highlighting lackluster investor confidence.

Concurrent Investment Advisors LLC purchased a new stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 107,028 shares of the company's stock, valued at approximately $548,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Inspire Investing LLC bought a new stake in Eos Energy Enterprises in the second quarter valued at about $388,000. Baxter Bros Inc. bought a new stake in Eos Energy Enterprises in the second quarter valued at about $51,000. KLP Kapitalforvaltning AS increased its holdings in Eos Energy Enterprises by 25.5% in the second quarter. KLP Kapitalforvaltning AS now owns 46,800 shares of the company's stock valued at $240,000 after purchasing an additional 9,500 shares during the last quarter. Duncan Williams Asset Management LLC increased its holdings in Eos Energy Enterprises by 31.7% in the second quarter. Duncan Williams Asset Management LLC now owns 27,000 shares of the company's stock valued at $138,000 after purchasing an additional 6,500 shares during the last quarter. Finally, J. Safra Sarasin Holding AG bought a new stake in Eos Energy Enterprises in the second quarter valued at about $192,000. Institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Price Performance

Shares of Eos Energy Enterprises stock opened at $15.04 on Friday. The company has a market capitalization of $3.91 billion, a P/E ratio of -2.88 and a beta of 2.29. The business has a 50-day moving average of $9.55 and a two-hundred day moving average of $6.64. Eos Energy Enterprises, Inc. has a 1 year low of $2.06 and a 1 year high of $19.05.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.88). The firm 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, equities analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded Eos Energy Enterprises from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Jefferies Financial Group assumed coverage on Eos Energy Enterprises in a report on Friday, September 5th. They issued a "hold" rating and a $6.50 price objective for the company. B. Riley increased their price target on Eos Energy Enterprises from $5.00 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday, September 30th. Zacks Research upgraded Eos Energy Enterprises from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 30th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Eos Energy Enterprises in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $9.58.

Insider Activity at Eos Energy Enterprises

In other news, CFO Nathan Kroeker sold 99,375 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $5.94, for a total transaction of $590,287.50. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexander Dimitrief sold 45,000 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $6.00, for a total value of $270,000.00. Following the transaction, the director directly owned 219,452 shares of the company's stock, 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. Insiders sold 484,668 shares of company stock valued at $3,027,014 over the last ninety days. Company insiders own 3.30% of the company's stock.

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.

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