Kestra Advisory Services LLC Has $1.41 Million Stock Position in Eos Energy Enterprises, Inc. $EOSE

Key Points

• Kestra Advisory Services LLC reduced its stake in Eos Energy by 31.5%, selling 171,251 shares and owning 372,698 shares valued at approximately $1.4 million as of the end of the last quarter.
• Eos Energy Enterprises reported a loss of ($1.05) EPS for the recent quarter, missing consensus estimates by ($0.88) and generating revenue of only $15.24 million, well below expectations.
• Analysts' ratings on Eos Energy stock vary, with one firm lowering its rating to "sell" while others maintain their positions with "hold" or "buy" recommendations, suggesting a consensus price target of $6.38.

Kestra Advisory Services LLC lowered its stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 31.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 372,698 shares of the company's stock after selling 171,251 shares during the quarter. Kestra Advisory Services LLC owned about 0.16% of Eos Energy Enterprises worth $1,409,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EOSE. Wells Fargo & Company MN lifted its holdings 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 buying an additional 2,175 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Eos Energy Enterprises during the fourth quarter worth $315,000. Barclays PLC grew its holdings in shares of Eos Energy Enterprises by 593.8% during the fourth quarter. Barclays PLC now owns 58,378 shares of the company's stock worth $283,000 after purchasing an additional 49,964 shares during the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of Eos Energy Enterprises during the fourth quarter worth $203,000. Finally, Northern Trust Corp grew its holdings in shares of Eos Energy Enterprises by 15.9% during the fourth 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 last quarter. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EOSE shares. Stifel Nicolaus decreased their price target on Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating on the stock in a report on Monday, June 9th. Jefferies Financial Group started coverage on Eos Energy Enterprises in a research note on Friday. They issued a "hold" rating and a $6.50 target price on the stock. TD Cowen lifted their price objective on Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a report on Friday, August 1st. Wall Street Zen cut Eos Energy Enterprises from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Finally, Guggenheim lifted their target price on Eos Energy Enterprises from $6.00 to $10.00 and gave the company a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $7.20.

Eos Energy Enterprises Price Performance

EOSE traded down $0.32 during trading on Friday, hitting $7.03. The stock had a trading volume of 6,360,190 shares, compared to its average volume of 10,625,514. The company has a 50 day moving average price of $5.96 and a 200-day moving average price of $5.12. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -1.34 and a beta of 2.17. Eos Energy Enterprises, Inc. has a one year low of $2.06 and a one year high of $8.09.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released its quarterly 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 during 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 predict that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current fiscal year.

Insider Transactions at Eos Energy Enterprises

In other Eos Energy Enterprises news, General Counsel Michael W. Silberman sold 65,625 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 value of $389,812.50. Following the completion of the transaction, the general counsel directly owned 241,612 shares of the company's stock, valued at $1,435,175.28. The trade was a 21.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nathan Kroeker sold 99,375 shares of Eos Energy Enterprises stock in a transaction 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 transaction, the chief financial officer directly owned 612,512 shares of the company's stock, valued at $3,638,321.28. This represents a 13.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 642,697 shares of company stock worth $3,722,816. Corporate insiders own 3.63% of the company's stock.

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.