NewEdge Advisors LLC Has $3.28 Million Stake in Eos Energy Enterprises, Inc. $EOSE

Key Points

• NewEdge Advisors cut its Eos Energy stake by 43.8%: The firm sold 435,531 shares during the second quarter and retained 558,108 shares valued at approximately $3.28 million, representing about 0.15% of the company.
• Institutional ownership remains substantial: Hedge funds and other institutional investors own 54.87% of Eos, with Geode Capital, Wellington Management, and Bank of America among firms that increased their positions.
• Eos faces significant profitability concerns: The company reported a quarterly loss of $1.20 per share, far below the expected $0.19 loss, while shares opened at $3.93. Analysts maintain an overall “Hold” rating with an average price target of $8.19, although targets and ratings vary widely.

NewEdge Advisors LLC reduced its stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 43.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 558,108 shares of the company's stock after selling 435,531 shares during the period. NewEdge Advisors LLC owned approximately 0.15% of Eos Energy Enterprises worth $3,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Eos Energy Enterprises by 16.1% in the 4th quarter. Geode Capital Management LLC now owns 7,205,507 shares of the company's stock valued at $82,587,000 after acquiring an additional 998,332 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Eos Energy Enterprises during the 1st quarter worth $9,152,000. First Trust Advisors LP grew its holdings in shares of Eos Energy Enterprises by 3.7% during the 1st quarter. First Trust Advisors LP now owns 1,537,606 shares of the company's stock worth $7,627,000 after purchasing an additional 55,145 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Eos Energy Enterprises by 89.1% during the 1st quarter. Bank of America Corp DE now owns 1,247,548 shares of the company's stock worth $6,188,000 after purchasing an additional 587,752 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Eos Energy Enterprises by 475.8% in the second quarter. Wellington Management Group LLP now owns 1,155,515 shares of the company's stock worth $6,794,000 after purchasing an additional 954,828 shares during the period. Institutional investors and hedge funds own 54.87% of the company's stock.

Eos Energy Enterprises Trading Down 3.4%

Shares of NASDAQ EOSE opened at $3.93 on Thursday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -0.58 and a beta of 2.77. Eos Energy Enterprises, Inc. has a 12 month low of $3.01 and a 12 month high of $19.86. The stock has a 50-day moving average price of $3.85 and a two-hundred day moving average price of $5.57.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($1.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($1.01). The firm had revenue of $68.78 million for the quarter, compared to the consensus estimate of $68.32 million. During the same quarter in the prior year, the firm posted ($1.05) EPS. On average, sell-side analysts predict that Eos Energy Enterprises, Inc. will post -1.28 earnings per share for the current year.

Analysts Set New Price Targets

EOSE has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Eos Energy Enterprises in a research note on Friday, July 17th. Wall Street Zen downgraded shares of Eos Energy Enterprises from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 8th. Needham & Company LLC decreased their price objective on shares of Eos Energy Enterprises from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Tuesday. Truist Financial assumed coverage on shares of Eos Energy Enterprises in a research report on Monday, July 13th. They set a "buy" rating and a $7.00 price objective for the company. Finally, TD Cowen lowered their price objective on shares of Eos Energy Enterprises from $8.00 to $4.00 and set a "hold" rating for the company in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $8.19.

Insiders Place Their Bets

In other Eos Energy Enterprises news, insider Nathan Kroeker sold 110,417 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $3.36, for a total transaction of $371,001.12. Following the sale, the insider owned 887,527 shares of the company's stock, valued at approximately $2,982,090.72. The trade was a 11.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michelle Buczkowski sold 11,469 shares of the company's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $5.87, for a total transaction of $67,323.03. Following the transaction, the insider owned 59,242 shares of the company's stock, valued at $347,750.54. This trade represents a 16.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 776,543 shares of company stock worth $3,121,182 over the last 90 days. Insiders own 1.73% of the company's stock.

Eos Energy Enterprises News Roundup

Here are the key news stories impacting Eos Energy Enterprises this week:

• Positive Sentiment: Federal funding supports manufacturing expansion: Eos is accelerating manufacturing consolidation after securing additional U.S. Department of Energy financing. The company previously disclosed an $87 million DOE advance, bringing total funds drawn to $178 million and supporting a second production line at its Thorn Hill, Pennsylvania, facility. The expansion is expected to increase annual capacity to approximately 4 gigawatt-hours, improving Eos’s ability to serve utility-scale energy-storage demand. Eos Energy accelerates manufacturing consolidation after securing millions in federal funds
• Positive Sentiment: Director continues buying shares: Director Haiyan Song purchased 15,000 shares across transactions on September 11 and September 14 for a combined total of approximately $58,700. The purchases may signal confidence in Eos’s long-term outlook, although the dollar amount is modest relative to the company’s market capitalization. SEC Form 4 insider purchase filing
• Positive Sentiment: Needham maintains a Buy rating: Needham reduced its price target from $11 to $10 but retained a “Buy” rating, indicating that analysts still see substantial potential if Eos executes its capacity expansion and improves financial performance.
• Neutral Sentiment: Insider sales were tax-related: CEO Joe Mastrangelo sold 250,000 shares, while Chief Accounting Officer Sumeet Puri sold 43,750 shares, both at an average price of $3.92. The transactions were made under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, reducing their negative signaling value. SEC insider sale filing
• Negative Sentiment: Profitability remains the key risk: Recent commentary praised Eos’s revenue growth but warned that margins must improve. The company’s latest quarterly loss of $1.20 per share was substantially worse than expected, reinforcing concerns that higher production capacity may not translate into sustainable earnings. Eos Energy revenue grows strongly but margins must follow

Eos Energy Enterprises Company Profile

Eos Energy Enterprises, Inc develops and manufactures long-duration energy storage systems designed to support the reliability and flexibility of electric grids. Its technology is based on aqueous zinc battery chemistry, which is intended to provide a non-flammable alternative to conventional lithium-ion batteries for stationary storage applications.

The company's primary product platform is the Eos Z3, a modular battery system designed for utility-scale and other large-scale energy storage projects.

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