Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives $10.93 Consensus PT from Analysts

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $10.9286.

A number of analysts have commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Eos Energy Enterprises in a report on Tuesday, April 21st. TD Cowen boosted their price objective on Eos Energy Enterprises from $7.00 to $8.00 and gave the company a “hold” rating in a report on Thursday, May 14th. Wall Street Zen raised Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. decreased their price objective on Eos Energy Enterprises from $9.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Finally, B. Riley Financial decreased their price objective on Eos Energy Enterprises from $12.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, March 5th.

Eos Energy Enterprises Price Performance

Shares of EOSE stock opened at $7.11 on Friday. Eos Energy Enterprises has a 1-year low of $3.69 and a 1-year high of $19.86. The stock’s fifty day moving average price is $6.27 and its 200 day moving average price is $10.86. The company has a market cap of $2.41 billion, a price-to-earnings ratio of -1.06 and a beta of 2.56.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.34. The firm had revenue of $56.96 million for the quarter, compared to analyst estimates of $54.32 million. As a group, equities research analysts anticipate that Eos Energy Enterprises will post -0.8 earnings per share for the current year.

Insiders Place Their Bets

In other Eos Energy Enterprises news, Director Marian Walters sold 7,681 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $7.07, for a total transaction of $54,304.67. Following the completion of the sale, the director directly owned 135,334 shares in the company, valued at approximately $956,811.38. The trade was a 5.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Urban acquired 16,250 shares of the business’s stock in a transaction on Monday, March 9th. The shares were purchased at an average price of $6.16 per share, with a total value of $100,100.00. Following the completion of the purchase, the director owned 62,471 shares in the company, valued at $384,821.36. This represents a 35.16% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 115,150 shares of company stock worth $692,962 in the last 90 days. 1.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Eos Energy Enterprises

Several large investors have recently bought and sold shares of the company. Inspire Investing LLC boosted its holdings in shares of Eos Energy Enterprises by 2.2% during the 4th quarter. Inspire Investing LLC now owns 41,442 shares of the company’s stock worth $475,000 after purchasing an additional 882 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in shares of Eos Energy Enterprises by 58.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,700 shares of the company’s stock worth $31,000 after purchasing an additional 1,000 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Eos Energy Enterprises by 46.4% during the 4th quarter. GAMMA Investing LLC now owns 3,270 shares of the company’s stock worth $37,000 after purchasing an additional 1,036 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of Eos Energy Enterprises by 6.5% during the 3rd quarter. Diversify Advisory Services LLC now owns 17,124 shares of the company’s stock worth $195,000 after purchasing an additional 1,049 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Eos Energy Enterprises by 33.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,732 shares of the company’s stock worth $66,000 after purchasing an additional 1,425 shares during the last quarter. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

About Eos Energy Enterprises

Eos Energy Enterprises specializes in the development and deployment of scalable, long-duration energy storage systems designed to support the integration of renewable power and enhance grid reliability. The company’s core technology centers on its proprietary zinc hybrid cathode (Znyth™) battery platform, which aims to deliver safe, low-cost, and durable performance for utility, commercial and industrial, and microgrid applications.

The company’s flagship product, the Aurora™ energy storage system, combines its Znyth™ cells with modular power conversion and controls to offer flexible capacity ranging from one to three hours of discharge duration.