Janney Montgomery Scott LLC Makes New Investment in Eos Energy Enterprises, Inc. $EOSE

Janney Montgomery Scott LLC purchased a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,500 shares of the company’s stock, valued at approximately $59,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its holdings in shares of Eos Energy Enterprises by 588.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company’s stock worth $38,000 after buying an additional 8,602 shares in the last quarter. KBC Group NV bought a new position in shares of Eos Energy Enterprises during the 1st quarter worth approximately $38,000. Elevatus Welath Management bought a new position in shares of Eos Energy Enterprises in the 1st quarter worth $39,000. Carmel Capital Partners LLC lifted its holdings in shares of Eos Energy Enterprises by 24.5% in the 1st quarter. Carmel Capital Partners LLC now owns 12,450 shares of the company’s stock worth $47,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Eos Energy Enterprises by 233.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 13,767 shares of the company’s stock worth $52,000 after purchasing an additional 9,640 shares in the last quarter. 54.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EOSE. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eos Energy Enterprises in a report on Wednesday, October 8th. Wall Street Zen cut Eos Energy Enterprises from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Stifel Nicolaus increased their target price 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 target price on Eos Energy Enterprises from $6.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, TD Cowen increased their target price on Eos Energy Enterprises from $5.50 to $6.00 and gave the stock a “hold” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Eos Energy Enterprises currently has a consensus rating of “Hold” and a consensus price target of $9.58.

Insider Buying and Selling at Eos Energy Enterprises

In other Eos Energy Enterprises news, Director Alexander Dimitrief sold 45,000 shares of Eos Energy Enterprises stock in a transaction dated 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 $1,316,712. The trade was a 17.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Nathan Kroeker sold 99,375 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 612,512 shares of the company’s stock, valued at $3,638,321.28. The trade was a 13.96% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 484,668 shares of company stock worth $3,027,014. 3.30% of the stock is owned by corporate insiders.

Eos Energy Enterprises Trading Up 8.6%

Shares of NASDAQ:EOSE opened at $16.30 on Wednesday. The stock’s fifty day simple moving average is $9.93 and its two-hundred day simple moving average is $6.83. Eos Energy Enterprises, Inc. has a 1-year low of $2.06 and a 1-year high of $19.05. The stock has a market cap of $4.24 billion, a PE ratio of -3.12 and a beta of 2.29.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its 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 firm 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. On average, sell-side analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

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.