Eos Energy Enterprises (NASDAQ:EOSE) Posts Earnings Results, Misses Expectations By $2.02 EPS

Eos Energy Enterprises (NASDAQ:EOSE) released its quarterly earnings data on Tuesday. The company reported ($2.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($2.02), Zacks reports.

Eos Energy Enterprises Price Performance

Shares of Eos Energy Enterprises stock traded down $0.05 during trading hours on Tuesday, hitting $3.94. 6,894,721 shares of the company’s stock traded hands, compared to its average volume of 7,390,125. The stock has a market capitalization of $858.57 million, a price-to-earnings ratio of -1.63 and a beta of 2.10. The company has a fifty day simple moving average of $5.18 and a 200-day simple moving average of $3.68. Eos Energy Enterprises has a 12-month low of $0.61 and a 12-month high of $6.64.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EOSE. Roth Mkm downgraded Eos Energy Enterprises from a “buy” rating to a “neutral” rating and increased their price objective for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Roth Capital lowered Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Eos Energy Enterprises presently has an average rating of “Hold” and an average target price of $4.10.

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.