Eos Energy Enterprises (EOSE) to Release Quarterly Earnings on Monday

Eos Energy Enterprises (NASDAQ:EOSE) 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) 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

In other news, Director Claude Demby sold 20,143 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $2.78, for a total value of $55,997.54. Following the transaction, the director now owns 62,012 shares of the company’s stock, valued at $172,393.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Claude Demby sold 20,143 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $2.78, for a total value of $55,997.54. Following the transaction, the director now owns 62,012 shares of the company’s stock, valued at $172,393.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joe Mastrangelo bought 36,500 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was purchased at an average cost of $2.05 per share, for a total transaction of $74,825.00. Following the transaction, the chief executive officer now directly owns 590,799 shares of the company’s stock, valued at approximately $1,211,137.95. The disclosure for this purchase can be found here. Company insiders own 7.09% of the company’s stock.

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.