B. Riley Analysts Decrease Earnings Estimates for EOSE

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) – Stock analysts at B. Riley decreased their FY2024 earnings per share estimates for Eos Energy Enterprises in a report released on Thursday, November 7th. B. Riley analyst R. Pfingst now forecasts that the company will post earnings per share of ($2.49) for the year, down from their previous forecast of ($0.82). The consensus estimate for Eos Energy Enterprises’ current full-year earnings is ($0.77) per share. B. Riley also issued estimates for Eos Energy Enterprises’ Q4 2024 earnings at ($0.22) EPS, FY2025 earnings at ($0.58) EPS and FY2026 earnings at ($0.16) EPS.

A number of other research firms have also recently issued reports on EOSE. Stifel Nicolaus reiterated a “buy” rating and set a $6.00 price objective on shares of Eos Energy Enterprises in a research report on Wednesday, August 21st. Roth Mkm lowered their price target on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $3.90.

Eos Energy Enterprises Trading Down 3.3 %

Shares of NASDAQ EOSE opened at $2.67 on Monday. The company has a market cap of $578.61 million, a price-to-earnings ratio of -1.11 and a beta of 2.38. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $3.66. The stock has a 50-day moving average price of $2.87 and a two-hundred day moving average price of $1.89.

Hedge Funds Weigh In On Eos Energy Enterprises

A number of hedge funds have recently made changes to their positions in EOSE. Hollencrest Capital Management increased its position in Eos Energy Enterprises by 1,000.0% during the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock valued at $25,000 after purchasing an additional 7,500 shares during the period. Focused Wealth Management Inc acquired a new stake in shares of Eos Energy Enterprises during the third quarter worth $46,000. Price T Rowe Associates Inc. MD increased its position in shares of Eos Energy Enterprises by 74.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock worth $46,000 after buying an additional 18,735 shares during the period. Cullen Frost Bankers Inc. raised its stake in Eos Energy Enterprises by 40.0% during the second quarter. Cullen Frost Bankers Inc. now owns 70,000 shares of the company’s stock worth $89,000 after buying an additional 20,000 shares during the last quarter. Finally, Venture Visionary Partners LLC acquired a new position in Eos Energy Enterprises in the third quarter valued at $59,000. 54.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Jeffrey S. Bornstein sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $2.62, for a total transaction of $78,600.00. Following the completion of the transaction, the director now owns 84,929 shares of the company’s stock, valued at approximately $222,513.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is owned by corporate 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.