Chicago Partners Investment Group LLC Acquires New Shares in Eos Energy Enterprises, Inc. $EOSE

Chicago Partners Investment Group LLC acquired a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,724 shares of the company’s stock, valued at approximately $65,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Eos Energy Enterprises in the 2nd quarter valued at approximately $257,000. Carmel Capital Partners LLC lifted its position in Eos Energy Enterprises by 130.5% in the 2nd quarter. Carmel Capital Partners LLC now owns 28,700 shares of the company’s stock valued at $147,000 after acquiring an additional 16,250 shares in the last quarter. Jag Capital Management LLC lifted its position in Eos Energy Enterprises by 11.0% in the 2nd quarter. Jag Capital Management LLC now owns 73,450 shares of the company’s stock valued at $376,000 after acquiring an additional 7,300 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in Eos Energy Enterprises in the 2nd quarter valued at approximately $548,000. Finally, Inspire Investing LLC bought a new position in Eos Energy Enterprises in the 2nd quarter valued at approximately $388,000. 54.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Nathan Kroeker sold 99,375 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were 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 of the company’s stock, valued at approximately $3,638,321.28. This represents a 13.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alexander Dimitrief sold 45,000 shares of the company’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 directly owned 219,452 shares of the company’s stock, valued at $1,316,712. This represents a 17.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 484,668 shares of company stock worth $3,027,014 in the last three months. Corporate insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on EOSE. TD Cowen upped their price objective on Eos Energy Enterprises from $5.50 to $6.00 and gave the company a “hold” rating in a research report on Friday, August 1st. Jefferies Financial Group started coverage on shares of Eos Energy Enterprises in a research note on Friday, September 5th. They set a “hold” rating and a $6.50 target price for the company. Roth Capital set a $12.00 target price on shares of Eos Energy Enterprises and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eos Energy Enterprises in a research note on Saturday. Finally, B. Riley boosted their target price on shares of Eos Energy Enterprises from $5.00 to $8.00 and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.36.

Eos Energy Enterprises Stock Performance

Shares of Eos Energy Enterprises stock opened at $16.06 on Friday. The company has a market capitalization of $4.17 billion, a P/E ratio of -3.08 and a beta of 2.29. The company has a fifty day moving average of $10.47 and a 200 day moving average of $7.07. Eos Energy Enterprises, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $19.05.

Eos Energy Enterprises (NASDAQ:EOSE) last issued 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 the consensus estimate of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. Analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current 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.