Eos Energy Enterprises, Inc. $EOSE Stock Holdings Boosted by Vanguard Group Inc.

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% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,362,810 shares of the company's stock after purchasing an additional 59,762 shares during the quarter. Vanguard Group Inc. owned about 4.57% of Eos Energy Enterprises worth $39,171,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. KBC Group NV purchased a new stake in Eos Energy Enterprises in the first quarter valued at approximately $38,000. SBI Securities Co. Ltd. grew its holdings in 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 purchasing an additional 8,602 shares during the period. Parallel Advisors LLC purchased a new stake in Eos Energy Enterprises in the first quarter valued at approximately $43,000. Carmel Capital Partners LLC grew its holdings 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 during the period. Finally, Cannon Global Investment Management LLC purchased a new stake in Eos Energy Enterprises in the first quarter valued at approximately $57,000. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EOSE shares. TD Cowen boosted their target price on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a report on Friday, August 1st. Guggenheim reduced their price target on shares of Eos Energy Enterprises from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Monday, June 2nd. Stifel Nicolaus reduced their price target on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating on the stock in a research report on Monday, June 9th. Finally, 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. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $6.38.

Insider Activity at Eos Energy Enterprises

In other Eos Energy Enterprises news, CEO Joe Mastrangelo sold 166,667 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $5.94, for a total transaction of $990,001.98. Following the sale, the chief executive officer directly owned 1,403,226 shares of the company's stock, valued at approximately $8,335,162.44. This represents a 10.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexander Dimitrief sold 45,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $6.00, for a total transaction of $270,000.00. Following the sale, the director directly owned 219,452 shares in the company, 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. Insiders sold 592,697 shares of company stock valued at $3,327,816 in the last ninety days. 3.63% of the stock is owned by insiders.

Eos Energy Enterprises Price Performance

Shares of NASDAQ:EOSE traded down $0.23 during midday trading on Monday, reaching $6.90. The company had a trading volume of 8,664,306 shares, compared to its average volume of 11,433,310. The stock's fifty day moving average price is $5.77 and its 200-day moving average price is $5.07. The stock has a market capitalization of $1.79 billion, a P/E ratio of -1.32 and a beta of 2.16. Eos Energy Enterprises, Inc. has a one year low of $2.06 and a one year high of $7.36.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.88). The company 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. As a group, sell-side analysts forecast 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.