Vanguard Group Inc. Grows Position in Eos Energy Enterprises, Inc. $EOSE

Key Points

• Vanguard Group Inc. has increased its stake in Eos Energy Enterprises by 0.6%, now owning approximately 4.57% of the company, valued at $39.17 million.
• Eos Energy reported a significant earnings miss, posting an EPS of ($1.05) against an expected ($0.17), with revenue falling short of forecasts at $15.24 million.
• Recent analyst reports have seen varying price target adjustments, with Stifel Nicolaus lowering its target from $9.00 to $8.50, while the average rating remains "Hold" with a price target of $6.38.

Vanguard Group Inc. boosted its stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 0.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,362,810 shares of the company's stock after buying an additional 59,762 shares during the period. Vanguard Group Inc. owned approximately 4.57% of Eos Energy Enterprises worth $39,171,000 as of its most recent filing with the SEC.

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

Eos Energy Enterprises Price Performance

NASDAQ EOSE traded down $0.23 during trading hours on Friday, reaching $6.90. 8,664,306 shares of the company's stock traded hands, compared to its average volume of 11,698,502. Eos Energy Enterprises, Inc. has a 52-week low of $2.06 and a 52-week high of $7.36. The firm has a market cap of $1.79 billion, a PE ratio of -1.32 and a beta of 2.07. The firm has a 50-day simple moving average of $5.72 and a 200 day simple moving average of $5.06.

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

Insider Transactions at Eos Energy Enterprises

In other 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 shares were sold at an average price of $5.94, for a total value of $389,812.50. Following the completion of the sale, the general counsel directly owned 241,612 shares in the company, valued at $1,435,175.28. The trade was a 21.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alexander Dimitrief sold 45,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $6.00, for a total transaction of $270,000.00. Following the sale, the director owned 219,452 shares of the company's stock, valued at $1,316,712. This trade represents a 17.02% 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 valued at $3,327,816. Company insiders own 3.63% of the company's stock.

Analysts Set New Price Targets

EOSE has been the subject of several recent research reports. Stifel Nicolaus decreased their target price on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating for the company in a research report on Monday, June 9th. Wall Street Zen lowered shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Guggenheim dropped their target price 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. Finally, TD Cowen raised their target price 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. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.38.

Eos Energy Enterprises 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.