Nathan Kroeker Sells 47,254 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) CFO Nathan Kroeker sold 47,254 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $4.92, for a total value of $232,489.68. Following the completion of the sale, the chief financial officer owned 491,054 shares in the company, valued at approximately $2,415,985.68. This represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Nathan Kroeker also recently made the following trade(s):

• On Monday, July 7th, Nathan Kroeker sold 24,124 shares of Eos Energy Enterprises stock. The stock was sold at an average price of $5.21, for a total value of $125,686.04.
• On Friday, May 16th, Nathan Kroeker sold 152,856 shares of Eos Energy Enterprises stock. The stock was sold at an average price of $6.86, for a total value of $1,048,592.16.

Eos Energy Enterprises Trading Down 7.0%

Eos Energy Enterprises stock traded down $0.36 on Tuesday, reaching $4.79. 15,724,943 shares of the stock were exchanged, compared to its average volume of 8,698,290. The stock has a market cap of $1.09 billion, a PE ratio of -1.08 and a beta of 2.01. Eos Energy Enterprises, Inc. has a twelve month low of $1.40 and a twelve month high of $7.36. The firm has a fifty day moving average price of $5.14 and a two-hundred day moving average price of $4.89.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.01). The company had revenue of $10.46 million for the quarter, compared to analyst estimates of $11.77 million. Equities analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current fiscal year.

Institutional Trading of Eos Energy Enterprises

Several hedge funds have recently modified their holdings of EOSE. KBC Group NV acquired a new position in Eos Energy Enterprises in the first quarter valued at approximately $38,000. SBI Securities Co. Ltd. grew its position in Eos Energy Enterprises by 588.0% in the first quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company's stock valued at $38,000 after purchasing an additional 8,602 shares in the last quarter. Elevatus Welath Management bought a new position in Eos Energy Enterprises in the first quarter valued at $39,000. Parallel Advisors LLC bought a new position in shares of Eos Energy Enterprises in the 1st quarter valued at about $43,000. Finally, Carmel Capital Partners LLC grew its position in shares of Eos Energy Enterprises by 24.5% in the 1st quarter. Carmel Capital Partners LLC now owns 12,450 shares of the company's stock valued at $47,000 after acquiring an additional 2,450 shares during the period. 54.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on EOSE. Guggenheim lowered their target price on Eos Energy Enterprises from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Monday, June 2nd. Wall Street Zen cut shares of Eos Energy Enterprises from a "hold" rating to a "sell" rating in a report on Saturday. TD Cowen raised shares of Eos Energy Enterprises to a "hold" rating in a report on Monday, June 23rd. Finally, Stifel Nicolaus cut 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Eos Energy Enterprises currently has an average rating of "Hold" and a consensus price target of $6.50.

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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