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

Copperleaf Capital LLC acquired a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the 2nd quarter, HoldingsChannel reports. The fund acquired 320,200 shares of the company’s stock, valued at approximately $1,639,000.

A number of other hedge funds have also recently modified their holdings of the stock. Driehaus Capital Management LLC acquired a new stake in Eos Energy Enterprises during the first quarter worth about $13,456,000. Geode Capital Management LLC grew its stake in shares of Eos Energy Enterprises by 101.4% during the 2nd quarter. Geode Capital Management LLC now owns 5,407,930 shares of the company’s stock worth $27,692,000 after purchasing an additional 2,722,495 shares during the period. American Financial Group Inc. grew its stake in shares of Eos Energy Enterprises by 174.0% during the 1st quarter. American Financial Group Inc. now owns 1,861,930 shares of the company’s stock worth $7,038,000 after purchasing an additional 1,182,310 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Eos Energy Enterprises by 36.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,900,513 shares of the company’s stock valued at $14,744,000 after purchasing an additional 1,050,128 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Eos Energy Enterprises by 55.1% in the 1st quarter. Millennium Management LLC now owns 2,522,273 shares of the company’s stock valued at $9,534,000 after purchasing an additional 896,471 shares during the period. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Insider Activity

In other Eos Energy Enterprises news, CAO Sumeet Puri sold 40,501 shares of the 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 completion of the sale, the chief accounting officer owned 164,290 shares in the company, valued at approximately $1,168,101.90. This represents a 19.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marian Walters sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $7.90, for a total transaction of $395,000.00. Following the completion of the transaction, the director directly 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 SEC filing for this sale provides additional information. 3.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on EOSE. Stifel Nicolaus lifted their price objective on shares of Eos Energy Enterprises from $10.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Zacks Research lowered Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Roth Capital set a $12.00 price target on Eos Energy Enterprises and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Wall Street Zen lowered Eos Energy Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, TD Cowen upped 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 research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Eos Energy Enterprises has a consensus rating of “Hold” and an average target price of $11.93.

Eos Energy Enterprises Price Performance

Shares of Eos Energy Enterprises stock opened at $13.48 on Wednesday. The stock has a market capitalization of $3.89 billion, a P/E ratio of -1.61 and a beta of 2.32. The business has a 50 day simple moving average of $13.43 and a two-hundred day simple moving average of $8.39. Eos Energy Enterprises, Inc. has a 12 month low of $2.07 and a 12 month high of $19.86.

Eos Energy Enterprises (NASDAQ:EOSE) last announced 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. As a group, research analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current fiscal year.

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.