Inspire Investing LLC Makes New Investment in Eos Energy Enterprises, Inc. $EOSE

Key Points

• Inspire Investing LLC has purchased 75,836 shares of Eos Energy Enterprises, Inc. ($EOSE), amounting to approximately $388,000, during the second quarter.
• CEO Joe Mastrangelo sold 166,667 shares of the company's stock, decreasing his position by 10.62%, and director Marian Walters sold 50,000 shares, reducing her stake by 27.20%.
• Analysts have varied opinions on Eos Energy Enterprises, with price targets ranging from $5.00 to $10.00 and an average rating suggesting a "Hold" on the stock.

Inspire Investing LLC bought a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 75,836 shares of the company's stock, valued at approximately $388,000.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Eos Energy Enterprises by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 10,362,810 shares of the company's stock worth $39,171,000 after buying an additional 59,762 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Eos Energy Enterprises by 36.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,900,513 shares of the company's stock worth $14,744,000 after purchasing an additional 1,050,128 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Eos Energy Enterprises in the 1st quarter worth approximately $13,456,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Eos Energy Enterprises by 1.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286,648 shares of the company's stock worth $12,925,000 after purchasing an additional 50,117 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Eos Energy Enterprises by 55.1% in the 1st quarter. Millennium Management LLC now owns 2,522,273 shares of the company's stock worth $9,534,000 after purchasing an additional 896,471 shares during the last quarter. Institutional investors own 54.87% of the company's stock.

Insider Activity at Eos Energy Enterprises

In other news, CEO Joe Mastrangelo sold 166,667 shares of Eos Energy Enterprises stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $5.94, for a total transaction of $990,001.98. Following the transaction, the chief executive officer directly owned 1,403,226 shares in the company, valued at approximately $8,335,162.44. This trade represents a 10.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marian Walters sold 50,000 shares of Eos Energy Enterprises stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $7.90, for a total value of $395,000.00. Following the transaction, the director owned 133,794 shares in the company, valued at approximately $1,056,972.60. This trade represents a 27.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 484,668 shares of company stock worth $3,027,014 in the last quarter. Company insiders own 3.30% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. B. Riley raised 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. Guggenheim raised their price target on Eos Energy Enterprises from $6.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, September 5th. 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 target on the stock. TD Cowen raised their price target on Eos Energy Enterprises from $5.50 to $6.00 and gave the stock a "hold" rating in a report on Friday, August 1st. Finally, Wall Street Zen downgraded Eos Energy Enterprises from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $9.58.

Eos Energy Enterprises Price Performance

EOSE opened at $18.28 on Thursday. Eos Energy Enterprises, Inc. has a 12 month low of $2.06 and a 12 month high of $19.05. The stock has a market cap of $4.75 billion, a P/E ratio of -3.50 and a beta of 2.29. The stock's 50 day moving average price is $9.20 and its 200 day moving average price is $6.49.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported ($1.05) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.88). The company had revenue of $15.24 million during the quarter, compared to analysts' expectations of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. Equities analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

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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