Weiss Ratings Reaffirms "Sell (D-)" Rating for Eos Energy Enterprises (NASDAQ:EOSE)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Eos Energy Enterprises (NASDAQ:EOSE), while analysts from Guggenheim and TD Cowen have set differing ratings and price targets for the stock.
• Eos Energy's stock saw a trading increase of 8.5%, with an average price target of $7.58, despite the company posting a significant earnings miss in their last report.
• Insider transactions revealed that significant shares were sold by directors at prices around $6.00 to $7.11, indicating a decrease in ownership percentages among executives.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report)'s stock had its "sell (d-)" rating reiterated by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

EOSE has been the subject of a number of other research reports. Guggenheim lifted their price objective on shares of Eos Energy Enterprises from $6.00 to $10.00 and gave the company a "buy" rating in a report on Friday, September 5th. TD Cowen lifted their target price on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Zacks Research raised shares of Eos Energy Enterprises from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 30th. B. Riley boosted their target price on shares of Eos Energy Enterprises from $5.00 to $8.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 30th. Finally, Jefferies Financial Group assumed coverage on shares of Eos Energy Enterprises in a research note on Friday, September 5th. They set a "hold" rating and a $6.50 target price for the company. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Eos Energy Enterprises presently has a consensus rating of "Hold" and an average price target of $7.58.

Eos Energy Enterprises Trading Up 8.5%

NASDAQ EOSE opened at $14.82 on Wednesday. The company has a fifty day simple moving average of $8.20 and a two-hundred day simple moving average of $6.07. The stock has a market cap of $3.85 billion, a P/E ratio of -2.84 and a beta of 2.29. Eos Energy Enterprises has a 12-month low of $2.06 and a 12-month high of $15.34.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued its 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 for the quarter, compared to analysts' expectations of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Eos Energy Enterprises will post -2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Alexander Dimitrief sold 45,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $6.00, for a total value of $270,000.00. Following the sale, the director directly owned 219,452 shares of the company's stock, valued at approximately $1,316,712. The trade was a 17.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sumeet Puri sold 40,501 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $7.11, for a total transaction of $287,962.11. Following the completion of the sale, the chief accounting officer directly owned 164,290 shares in the company, valued at $1,168,101.90. This trade represents a 19.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 484,668 shares of company stock worth $3,027,014. Insiders own 3.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EOSE. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Eos Energy Enterprises in the 2nd quarter valued at $39,000. Amalgamated Bank acquired a new position in shares of Eos Energy Enterprises in the 2nd quarter valued at $39,000. Baxter Bros Inc. acquired a new position in shares of Eos Energy Enterprises in the 2nd quarter valued at $51,000. KBC Group NV acquired a new position in shares of Eos Energy Enterprises in the 1st quarter valued at $38,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Eos Energy Enterprises by 588.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company's stock valued at $38,000 after buying an additional 8,602 shares in the last quarter. Institutional investors and hedge funds own 54.87% of the company's stock.

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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