Insider Selling: Eos Energy Enterprises (NASDAQ:EOSE) CAO Sells 40,501 Shares of Stock

Key Points

• Sumeet Puri, CAO of Eos Energy Enterprises, sold 40,501 shares at an average price of $7.11, resulting in a total transaction value of approximately $288,000, which decreased his position by 19.78%.
• Eos Energy's shares are currently down 4.7%, trading at $6.87, following disappointing earnings results where the company reported an EPS of ($1.05), missing analyst expectations.
• Recent analyst ratings show mixed opinions on Eos Energy, with price targets ranging from $5.50 to $10.00 and a consensus rating of "Hold".

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) CAO Sumeet Puri sold 40,501 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $7.11, for a total value of $287,962.11. Following the completion of the transaction, the chief accounting officer owned 164,290 shares of the company's stock, valued at approximately $1,168,101.90. This trade represents a 19.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Sumeet Puri also recently made the following trade(s):

• On Tuesday, July 29th, Sumeet Puri sold 17,500 shares of Eos Energy Enterprises stock. The stock was sold at an average price of $5.94, for a total value of $103,950.00.

Eos Energy Enterprises Stock Down 4.7%

Shares of NASDAQ EOSE traded down $0.34 during trading on Monday, reaching $6.87. The company had a trading volume of 14,744,955 shares, compared to its average volume of 10,691,135. Eos Energy Enterprises, Inc. has a 12-month low of $2.06 and a 12-month high of $8.09. The stock has a market cap of $1.79 billion, a PE ratio of -1.32 and a beta of 2.16. The business's 50-day moving average is $6.01 and its 200 day moving average is $5.14.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported ($1.05) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.88). The firm 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. On average, analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current year.

Institutional Trading of Eos Energy Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in Eos Energy Enterprises by 360.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 46,427 shares of the company's stock valued at $238,000 after purchasing an additional 36,349 shares during the period. Zuckerman Investment Group LLC bought a new stake in Eos Energy Enterprises in the 2nd quarter worth approximately $78,000. EVR Research LP increased its stake in Eos Energy Enterprises by 81.0% in the 2nd quarter. EVR Research LP now owns 760,000 shares of the company's stock worth $3,891,000 after acquiring an additional 340,000 shares during the last quarter. Electron Capital Partners LLC increased its stake in Eos Energy Enterprises by 39.9% in the 2nd quarter. Electron Capital Partners LLC now owns 6,979,422 shares of the company's stock worth $35,735,000 after acquiring an additional 1,989,144 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Eos Energy Enterprises in the 2nd quarter worth approximately $11,840,000. Institutional investors own 54.87% of the company's stock.

Analysts Set New Price Targets

EOSE has been the topic of several recent analyst reports. TD Cowen increased their price objective on Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Guggenheim increased their price objective on Eos Energy Enterprises from $6.00 to $10.00 and gave the company a "buy" rating in a research report on Friday. Stifel Nicolaus dropped their price objective on Eos Energy Enterprises from $9.00 to $8.50 and set a "buy" rating on the stock in a research report on Monday, June 9th. Jefferies Financial Group initiated coverage on Eos Energy Enterprises in a research report on Friday. They set a "hold" rating and a $6.50 price objective on the stock. Finally, Wall Street Zen cut Eos Energy Enterprises from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.20.

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.

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