L.K. Benson & Company P.C. Takes $887,000 Position in Eos Energy Enterprises, Inc. $EOSE

Key Points

• L.K. Benson & Company P.C. established a new Q3 position in Eos Energy by buying 77,890 shares worth about $887,000, and institutional investors now own roughly 54.87% of the company.
• Major earnings miss: Eos reported Q3 EPS of $(2.77) versus $(0.31) expected and revenue of $30.5M versus $39.6M expected; the stock trades near $14.40 (52‑week range $3.07–$19.86) with a ~$4.15B market cap.
• Significant insider selling has occurred recently (executive sales of ~$739k and ~$802k, and 907,801 shares sold worth $13.8M in the last 90 days), while analysts remain mixed — average rating "Hold" with a $13.50 target.

L.K. Benson & Company P.C. purchased a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 77,890 shares of the company's stock, valued at approximately $887,000.

Other large investors also recently bought and sold shares of the company. Chung Wu Investment Group LLC acquired a new position in shares of Eos Energy Enterprises during the third quarter worth $30,000. Farther Finance Advisors LLC grew its holdings in Eos Energy Enterprises by 33.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,325 shares of the company's stock valued at $38,000 after purchasing an additional 825 shares in the last quarter. Amalgamated Bank purchased a new stake in Eos Energy Enterprises during the 2nd quarter worth $39,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Eos Energy Enterprises in the 2nd quarter worth $39,000. Finally, CWM LLC boosted its position in Eos Energy Enterprises by 162.9% in the 3rd quarter. CWM LLC now owns 3,994 shares of the company's stock valued at $45,000 after buying an additional 2,475 shares during the last quarter. Institutional investors and hedge funds own 54.87% of the company's stock.

Eos Energy Enterprises Stock Up 2.0%

Shares of NASDAQ EOSE opened at $14.40 on Wednesday. The stock's 50 day moving average price is $14.50 and its two-hundred day moving average price is $11.97. Eos Energy Enterprises, Inc. has a 52-week low of $3.07 and a 52-week high of $19.86. The stock has a market capitalization of $4.15 billion, a P/E ratio of -1.72 and a beta of 2.13.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($2.77) earnings per share for the quarter, missing analysts' consensus estimates of ($0.31) by ($2.46). The firm had revenue of $30.51 million during the quarter, compared to analyst estimates of $39.55 million. On average, analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

Insider Buying and Selling at Eos Energy Enterprises

In other Eos Energy Enterprises news, insider Michael W. Silberman sold 41,667 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $17.74, for a total transaction of $739,172.58. Following the sale, the insider directly owned 283,279 shares of the company's stock, valued at approximately $5,025,369.46. This represents a 12.82% 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, CFO Nathan Kroeker sold 50,000 shares of the firm's stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $16.04, for a total transaction of $802,000.00. Following the completion of the transaction, the chief financial officer owned 662,512 shares in the company, valued at approximately $10,626,692.48. The trade was a 7.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 907,801 shares of company stock worth $13,803,507 in the last ninety days. 3.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EOSE has been the topic of several recent analyst reports. Guggenheim boosted their price target on Eos Energy Enterprises from $10.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. assumed coverage on Eos Energy Enterprises in a report on Wednesday, December 17th. They set a "neutral" rating and a $16.00 price objective on the stock. Roth Mkm set a $12.00 target price on Eos Energy Enterprises and gave the company a "neutral" rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Eos Energy Enterprises in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Eos Energy Enterprises currently has an average rating of "Hold" and an average target price of $13.50.

About Eos Energy Enterprises

Eos Energy Enterprises specializes in the development and deployment of scalable, long-duration energy storage systems designed to support the integration of renewable power and enhance grid reliability. The company's core technology centers on its proprietary zinc hybrid cathode (Znyth™) battery platform, which aims to deliver safe, low-cost, and durable performance for utility, commercial and industrial, and microgrid applications.

The company's flagship product, the Aurora™ energy storage system, combines its Znyth™ cells with modular power conversion and controls to offer flexible capacity ranging from one to three hours of discharge duration.

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