Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives Average Recommendation of “Hold” from Analysts

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has been assigned an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.9286.

Several analysts have issued reports on EOSE shares. Zacks Research downgraded Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Stifel Nicolaus lifted their target price on Eos Energy Enterprises from $10.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eos Energy Enterprises in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Eos Energy Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Roth Capital set a $12.00 price objective on shares of Eos Energy Enterprises and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd.

Insider Activity

In related news, CAO Sumeet Puri sold 40,501 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $7.11, for a total transaction of $287,962.11. Following the sale, the chief accounting officer owned 164,290 shares in the company, valued at approximately $1,168,101.90. This represents a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Marian Walters sold 50,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $7.90, for a total value of $395,000.00. Following the transaction, the director directly owned 133,794 shares of the company’s stock, valued at $1,056,972.60. This trade represents a 27.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Eos Energy Enterprises

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Eos Energy Enterprises by 16.7% during the third quarter. Vanguard Group Inc. now owns 15,536,862 shares of the company’s stock worth $176,965,000 after buying an additional 2,218,075 shares during the last quarter. Rubric Capital Management LP acquired a new position in shares of Eos Energy Enterprises during the 3rd quarter worth about $117,317,000. Electron Capital Partners LLC increased its stake in shares of Eos Energy Enterprises by 39.9% during the 2nd quarter. Electron Capital Partners LLC now owns 6,979,422 shares of the company’s stock worth $35,735,000 after purchasing an additional 1,989,144 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Eos Energy Enterprises by 101.4% in the 2nd quarter. Geode Capital Management LLC now owns 5,407,930 shares of the company’s stock valued at $27,692,000 after purchasing an additional 2,722,495 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Eos Energy Enterprises by 36.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,900,513 shares of the company’s stock valued at $14,744,000 after purchasing an additional 1,050,128 shares during the last quarter. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Performance

Shares of EOSE opened at $12.36 on Friday. The firm has a market cap of $3.56 billion, a P/E ratio of -1.48 and a beta of 2.32. Eos Energy Enterprises has a twelve month low of $2.46 and a twelve month high of $19.86. The firm’s 50 day moving average price is $13.75 and its two-hundred day moving average price is $8.50.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($2.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($2.46). The firm had revenue of $30.51 million for the quarter, compared to the consensus estimate of $39.55 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Eos Energy Enterprises 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.