Eos Energy Enterprises (NASDAQ:EOSE – Get Free Report) is set to issue its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of ($0.29) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Eos Energy Enterprises (NASDAQ:EOSE – Get Free Report) last issued its quarterly earnings results on Monday, August 14th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.25). The firm had revenue of $0.25 million during the quarter, compared to the consensus estimate of $1.52 million. On average, analysts expect Eos Energy Enterprises to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Eos Energy Enterprises Price Performance
Shares of Eos Energy Enterprises stock opened at $1.55 on Monday. The firm has a market cap of $207.68 million, a price-to-earnings ratio of -0.41 and a beta of 2.76. The stock’s 50-day moving average is $2.45 and its 200-day moving average is $2.70. Eos Energy Enterprises has a one year low of $0.96 and a one year high of $5.67.
Insiders Place Their Bets
Institutional Investors Weigh In On Eos Energy Enterprises
Large investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new stake in Eos Energy Enterprises during the second quarter worth approximately $32,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Eos Energy Enterprises during the first quarter worth approximately $34,000. Bayesian Capital Management LP acquired a new stake in Eos Energy Enterprises during the first quarter worth approximately $36,000. Ameritas Investment Partners Inc. bought a new stake in Eos Energy Enterprises during the second quarter worth $39,000. Finally, UBS Group AG lifted its stake in Eos Energy Enterprises by 2,460.0% during the fourth quarter. UBS Group AG now owns 27,699 shares of the company’s stock worth $41,000 after purchasing an additional 26,617 shares during the last quarter. Institutional investors and hedge funds own 65.36% of the company’s stock.
Analyst Upgrades and Downgrades
EOSE has been the topic of several analyst reports. Seaport Res Ptn reiterated a “buy” rating on shares of Eos Energy Enterprises in a report on Friday, July 28th. Evercore ISI upped their target price on Eos Energy Enterprises from $4.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Stifel Nicolaus upped their target price on Eos Energy Enterprises from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, September 1st. Guggenheim upgraded Eos Energy Enterprises from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Friday, September 1st. Finally, B. Riley boosted their price target on Eos Energy Enterprises from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $9.90.
About Eos Energy Enterprises
Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility, commercial and industrial, and microgrid markets in the United States. The company's flagship product is the Eos Znyth DC system, a battery that can be used as an alternative to Li-ion batteries.
- Five stocks we like better than Eos Energy Enterprises
- Comparing and Trading High PE Ratio Stocks
- Is domestic travel back on track? Check out these companies
- What Are Growth Stocks and Investing in Them
- MarketBeat Week in Review – 10/23 – 10/27
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Can casino stocks win big if economy slows?
Receive News & Ratings for Eos Energy Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eos Energy Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.