Barings LLC Has $6.17 Million Holdings in Eos Energy Enterprises, Inc. $EOSE

Barings LLC grew its position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,204,430 shares of the company’s stock after acquiring an additional 5,412 shares during the quarter. Barings LLC owned about 0.46% of Eos Energy Enterprises worth $6,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Elevatus Welath Management bought a new stake in Eos Energy Enterprises during the 1st quarter valued at $39,000. Amalgamated Bank acquired a new position in shares of Eos Energy Enterprises during the second quarter valued at about $39,000. Baxter Bros Inc. bought a new stake in shares of Eos Energy Enterprises during the second quarter worth about $51,000. Northwestern Mutual Wealth Management Co. raised 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 acquiring an additional 9,640 shares during the last quarter. Finally, Sfmg LLC bought a new position in Eos Energy Enterprises in the 2nd quarter valued at about $52,000. 54.87% of the stock is currently owned by institutional investors.

Eos Energy Enterprises Trading Down 4.0%

Shares of Eos Energy Enterprises stock opened at $12.36 on Friday. The business’s fifty day simple moving average is $13.75 and its 200 day simple moving average is $8.53. Eos Energy Enterprises, Inc. has a 12 month low of $2.46 and a 12 month high of $19.86. The firm has a market capitalization of $3.56 billion, a P/E ratio of -1.48 and a beta of 2.32.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $39.55 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. Analysts predict that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current fiscal year.

Insider Transactions at Eos Energy Enterprises

In other Eos Energy Enterprises news, CAO Sumeet Puri sold 40,501 shares of Eos Energy Enterprises stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $7.11, for a total value of $287,962.11. Following the sale, the chief accounting officer owned 164,290 shares of the company’s stock, valued at approximately $1,168,101.90. The trade was a 19.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction 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 represents a 27.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EOSE. Zacks Research lowered Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Jefferies Financial Group initiated coverage on Eos Energy Enterprises in a report on Friday, September 5th. They set a “hold” rating and a $6.50 price target for the company. Roth Capital set a $12.00 price target on Eos Energy Enterprises and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Stifel Nicolaus lifted their price objective on shares of Eos Energy Enterprises from $10.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Eos Energy Enterprises in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.93.

Eos Energy Enterprises Company 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.