Flagship Private Wealth LLC Increases Stock Position in Eos Energy Enterprises, Inc. $EOSE

Flagship Private Wealth LLC increased its holdings in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 19.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,855 shares of the company’s stock after purchasing an additional 13,564 shares during the period. Flagship Private Wealth LLC’s holdings in Eos Energy Enterprises were worth $424,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. KBC Group NV purchased a new position in shares of Eos Energy Enterprises during the first quarter worth about $38,000. SBI Securities Co. Ltd. grew its stake 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 purchasing an additional 8,602 shares during the last quarter. Elevatus Welath Management acquired a new position in shares of Eos Energy Enterprises in the first quarter valued at approximately $39,000. Amalgamated Bank purchased a new stake in shares of Eos Energy Enterprises during the second quarter worth approximately $39,000. Finally, Carmel Capital Partners LLC raised its stake in shares of Eos Energy Enterprises by 24.5% during the first quarter. Carmel Capital Partners LLC now owns 12,450 shares of the company’s stock worth $47,000 after purchasing an additional 2,450 shares during the last quarter. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Eos Energy Enterprises

In other news, CAO Sumeet Puri sold 40,501 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $7.11, for a total value of $287,962.11. Following the transaction, the chief accounting officer directly owned 164,290 shares in the company, 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 the SEC website. Also, Director Marian Walters sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $7.90, for a total value of $395,000.00. Following the transaction, the director directly owned 133,794 shares of the company’s stock, valued at $1,056,972.60. This trade represents a 27.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

EOSE has been the subject of several recent analyst reports. B. Riley raised 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. TD Cowen raised their price objective on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Roth Capital set a $12.00 price target on shares of Eos Energy Enterprises and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Zacks Research cut Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Finally, Stifel Nicolaus boosted their target price on Eos Energy Enterprises from $10.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Eos Energy Enterprises presently has an average rating of “Hold” and a consensus target price of $11.36.

Eos Energy Enterprises Trading Up 5.4%

Shares of EOSE stock opened at $14.86 on Thursday. The firm has a 50-day moving average price of $11.84 and a 200 day moving average price of $7.68. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of -2.85 and a beta of 2.32. Eos Energy Enterprises, Inc. has a twelve month low of $2.06 and a twelve month high of $19.05.

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.