Capital Square LLC Makes New Investment in Eos Energy Enterprises, Inc. $EOSE

Capital Square LLC purchased a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 12,000 shares of the company’s stock, valued at approximately $61,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Fiduciary Planning LLC purchased a new stake in shares of Eos Energy Enterprises in the 2nd quarter valued at approximately $236,000. Cetera Investment Advisers acquired a new stake in Eos Energy Enterprises in the 1st quarter valued at approximately $197,000. Vanguard Group Inc. raised its position in Eos Energy Enterprises by 0.6% in the first quarter. Vanguard Group Inc. now owns 10,362,810 shares of the company’s stock valued at $39,171,000 after purchasing an additional 59,762 shares during the period. Brightline Capital Management LLC lifted its stake in Eos Energy Enterprises by 2.9% during the first quarter. Brightline Capital Management LLC now owns 1,707,000 shares of the company’s stock worth $6,452,000 after purchasing an additional 48,000 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in Eos Energy Enterprises during the second quarter worth $548,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Price Performance

Shares of Eos Energy Enterprises stock opened at $13.00 on Tuesday. The firm’s fifty day simple moving average is $13.30 and its 200-day simple moving average is $8.34. Eos Energy Enterprises, Inc. has a 12 month low of $2.06 and a 12 month high of $19.86. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of -1.56 and a beta of 2.32.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($2.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($2.46). The business had revenue of $30.51 million during the quarter, compared to the consensus estimate of $39.55 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. Analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EOSE. Wall Street Zen cut shares of Eos Energy Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Zacks Research downgraded shares of Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. B. Riley upped their price objective on Eos Energy Enterprises from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Roth Capital set a $12.00 target price on Eos Energy Enterprises and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, TD Cowen boosted their target price on Eos Energy Enterprises from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Eos Energy Enterprises has an average rating of “Hold” and a consensus price target of $11.93.

Insider Buying and Selling at Eos Energy Enterprises

In related news, Director Marian Walters sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $7.90, for a total value of $395,000.00. Following the completion of the sale, the director owned 133,794 shares in the company, valued at $1,056,972.60. This trade represents a 27.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Sumeet Puri sold 40,501 shares of Eos Energy Enterprises stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $7.11, for a total value 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 represents a 19.78% decrease in their position. The SEC filing for this sale provides additional information. 3.30% of the stock is currently owned by company insiders.

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.