Cetera Investment Advisers Makes New Investment in Eos Energy Enterprises, Inc. $EOSE

Cetera Investment Advisers bought a new position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 52,210 shares of the company’s stock, valued at approximately $197,000.

Other institutional investors have also bought and sold shares of the company. Bank of America Corp DE lifted its stake in Eos Energy Enterprises by 165.2% in the 4th quarter. Bank of America Corp DE now owns 213,256 shares of the company’s stock worth $1,036,000 after purchasing an additional 132,853 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Eos Energy Enterprises in the 4th quarter worth approximately $1,581,000. California State Teachers Retirement System purchased a new position in Eos Energy Enterprises in the 4th quarter worth approximately $908,000. BNP Paribas Financial Markets purchased a new position in Eos Energy Enterprises in the 4th quarter worth approximately $1,271,000. Finally, Barclays PLC lifted its stake in Eos Energy Enterprises by 593.8% in the 4th quarter. Barclays PLC now owns 58,378 shares of the company’s stock worth $283,000 after purchasing an additional 49,964 shares in the last quarter. 54.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EOSE has been the topic of several analyst reports. Wall Street Zen lowered shares of Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Stifel Nicolaus reduced their price target on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a “buy” rating on the stock in a research report on Monday, June 9th. Guggenheim reduced their price target on shares of Eos Energy Enterprises from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, June 2nd. Finally, TD Cowen lifted their price target on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the company a “hold” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.38.

Eos Energy Enterprises Stock Performance

Eos Energy Enterprises stock opened at $6.32 on Friday. Eos Energy Enterprises, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $7.36. The firm has a 50 day moving average price of $5.48 and a 200 day moving average price of $5.01. The company has a market capitalization of $1.64 billion, a PE ratio of -1.21 and a beta of 2.07.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its earnings results on Wednesday, July 30th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.88). The company had revenue of $15.24 million for the quarter, compared to analysts’ expectations of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current year.

Insider Transactions at Eos Energy Enterprises

In related news, CEO Joe Mastrangelo sold 166,667 shares of Eos Energy Enterprises stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $5.94, for a total value of $990,001.98. Following the completion of the sale, the chief executive officer owned 1,403,226 shares in the company, valued at approximately $8,335,162.44. This trade represents a 10.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexander Dimitrief sold 45,000 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $6.00, for a total transaction of $270,000.00. Following the completion of the transaction, the director owned 219,452 shares of the company’s stock, valued at approximately $1,316,712. This trade represents a 17.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 592,697 shares of company stock worth $3,327,816 in the last three months. Company insiders own 3.63% of the company’s stock.

Eos Energy Enterprises Profile

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.