42,423 Shares in Eos Energy Enterprises, Inc. $EOSE Bought by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management Co. has purchased 42,423 shares of Eos Energy Enterprises (NASDAQ: EOSE), valued at approximately $160,000, indicating increased institutional interest in the company.
• Despite recent purchases, several analysts have downgraded Eos Energy's stock ratings, with Wall Street Zen cutting its rating from "hold" to "sell" and others adjusting their price targets downwards.
• The company's stock experienced a 1.5% increase, currently trading at $7.62, although it reported a significant earnings miss with a loss of ($1.05) EPS compared to estimates.

Flputnam Investment Management Co. purchased a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 42,423 shares of the company's stock, valued at approximately $160,000.

Other large investors have also modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Eos Energy Enterprises by 3.6% during the fourth quarter. Wells Fargo & Company MN now owns 62,075 shares of the company's stock worth $302,000 after purchasing an additional 2,175 shares in the last quarter. Raymond James Financial Inc. bought a new position in Eos Energy Enterprises during the 4th quarter valued at about $315,000. Barclays PLC grew its holdings in Eos Energy Enterprises by 593.8% during the 4th quarter. Barclays PLC now owns 58,378 shares of the company's stock worth $283,000 after acquiring an additional 49,964 shares during the period. Northern Trust Corp boosted its stake in Eos Energy Enterprises by 15.9% in the 4th quarter. Northern Trust Corp now owns 520,680 shares of the company's stock worth $2,531,000 after purchasing an additional 71,597 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new position in Eos Energy Enterprises during the fourth quarter worth about $1,310,000. 54.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on EOSE. Wall Street Zen lowered shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Stifel Nicolaus cut 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. TD Cowen increased their price objective 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. Guggenheim lifted their price objective on shares of Eos Energy Enterprises from $6.00 to $10.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Jefferies Financial Group assumed coverage on shares of Eos Energy Enterprises in a research note on Friday. They issued a "hold" rating and a $6.50 price target for the company. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $7.20.

Insider Activity at Eos Energy Enterprises

In other news, CAO Sumeet Puri sold 17,500 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $5.94, for a total transaction of $103,950.00. Following the transaction, the chief accounting officer owned 136,457 shares in the company, valued at approximately $810,554.58. This trade represents a 11.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Nathan Kroeker sold 99,375 shares of the business'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 $590,287.50. Following the completion of the sale, the chief financial officer owned 612,512 shares of the company's stock, valued at $3,638,321.28. This trade represents a 13.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 642,697 shares of company stock worth $3,722,816 in the last ninety days. Corporate insiders own 3.30% of the company's stock.

Eos Energy Enterprises Trading Down 5.3%

Shares of Eos Energy Enterprises stock traded down $0.39 during trading on Monday, hitting $6.83. 12,013,813 shares of the stock were exchanged, compared to its average volume of 10,673,334. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -1.32 and a beta of 2.16. Eos Energy Enterprises, Inc. has a 1-year low of $2.06 and a 1-year high of $8.09. The company has a fifty day moving average price of $6.01 and a 200-day moving average price of $5.14.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate 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. Equities research analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current fiscal 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.