Fiduciary Planning LLC Makes New $236,000 Investment in Eos Energy Enterprises, Inc. $EOSE

Key Points

• Fiduciary Planning LLC has invested $236,000 in Eos Energy Enterprises by acquiring 46,000 shares, marking its first position in the company.
• Eos Energy Enterprises reported a loss of $1.05 per share for the last quarter, significantly missing analyst estimates of a loss of $0.17 per share.
• Insider sales have increased, with corporate insiders selling 484,668 shares worth over $3 million in the last quarter, while only 3.30% of shares are now held by insiders.

Fiduciary Planning LLC acquired a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 46,000 shares of the company's stock, valued at approximately $236,000.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. grew 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 in the last quarter. KBC Group NV acquired a new stake in Eos Energy Enterprises during the first quarter worth about $38,000. Elevatus Welath Management acquired a new stake in Eos Energy Enterprises during the first quarter worth about $39,000. Carmel Capital Partners LLC grew its stake in Eos Energy Enterprises by 24.5% during the first quarter. Carmel Capital Partners LLC now owns 12,450 shares of the company's stock worth $47,000 after buying an additional 2,450 shares in the last quarter. Finally, Baxter Bros Inc. acquired a new stake in Eos Energy Enterprises during the second quarter worth about $51,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Eos Energy Enterprises Price Performance

Shares of NASDAQ EOSE opened at $15.04 on Monday. The company has a 50 day simple moving average of $9.55 and a 200 day simple moving average of $6.68. The firm has a market cap of $3.91 billion, a PE ratio of -2.88 and a beta of 2.29. 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 issued its quarterly earnings data 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, research analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Michael W. Silberman sold 65,625 shares of the firm's 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 transaction, the general counsel owned 241,612 shares in the company, valued at $1,435,175.28. This trade represents a 21.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marian Walters sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $7.90, for a total transaction of $395,000.00. Following the completion of the transaction, the director owned 133,794 shares of the company's stock, valued at approximately $1,056,972.60. This trade represents a 27.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 484,668 shares of company stock worth $3,027,014 over the last quarter. 3.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EOSE shares. B. Riley increased their price objective on shares of Eos Energy Enterprises from $5.00 to $8.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 30th. Wall Street Zen downgraded shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Guggenheim raised their price target on shares of Eos Energy Enterprises from $6.00 to $10.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Zacks Research upgraded shares of Eos Energy Enterprises from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Finally, Jefferies Financial Group started coverage on shares of Eos Energy Enterprises in a research note on Friday, September 5th. They issued a "hold" rating and a $6.50 price target on the stock. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $9.58.

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.

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