Eos Energy Enterprises Sees Unusually Large Options Volume (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) was the recipient of some unusual options trading on Tuesday. Investors bought 123,595 call options on the company. This represents an increase of 49% compared to the typical daily volume of 82,871 call options.

Insider Transactions at Eos Energy Enterprises

In other news, General Counsel Michael W. Silberman sold 65,625 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $5.94, for a total value of $389,812.50. Following the transaction, the general counsel directly owned 241,612 shares in the company, valued at $1,435,175.28. This trade represents a 21.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Nathan Kroeker sold 99,375 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $5.94, for a total value of $590,287.50. Following the completion of the transaction, the chief financial officer owned 612,512 shares in the company, valued at $3,638,321.28. This represents a 13.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 484,668 shares of company stock worth $3,027,014. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of Eos Energy Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fiduciary Planning LLC acquired a new stake in shares of Eos Energy Enterprises in the second quarter valued at about $236,000. Cetera Investment Advisers acquired a new position in Eos Energy Enterprises during the first quarter worth approximately $197,000. Vanguard Group Inc. increased its position in Eos Energy Enterprises by 0.6% during the first quarter. Vanguard Group Inc. now owns 10,362,810 shares of the company’s stock worth $39,171,000 after buying an additional 59,762 shares during the last quarter. Brightline Capital Management LLC increased its position in Eos Energy Enterprises by 2.9% during the first quarter. Brightline Capital Management LLC now owns 1,707,000 shares of the company’s stock worth $6,452,000 after buying an additional 48,000 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in Eos Energy Enterprises during the second quarter worth approximately $548,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Price Performance

EOSE opened at $16.30 on Wednesday. The business’s 50-day moving average price is $9.93 and its two-hundred day moving average price is $6.83. Eos Energy Enterprises has a 1 year low of $2.06 and a 1 year high of $19.05. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of -3.12 and a beta of 2.29.

Eos Energy Enterprises (NASDAQ:EOSE) last released its quarterly earnings results on Wednesday, July 30th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.88). The business had revenue of $15.24 million during the quarter, compared to analysts’ expectations of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Eos Energy Enterprises will post -2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EOSE. Zacks Research raised Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Stifel Nicolaus increased their price target on Eos Energy Enterprises from $10.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Guggenheim increased their price target on Eos Energy Enterprises from $6.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Wall Street Zen downgraded Eos Energy Enterprises from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Eos Energy Enterprises in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.58.

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.