10,600 Shares in Eos Energy Enterprises, Inc. $EOSE Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc bought a new stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,600 shares of the company’s stock, valued at approximately $54,000.

A number of other institutional investors have also recently made changes to their positions in EOSE. Elevatus Welath Management purchased a new stake in shares of Eos Energy Enterprises during the 1st quarter valued at $39,000. Amalgamated Bank purchased a new stake in Eos Energy Enterprises during the second quarter valued at about $39,000. Baxter Bros Inc. bought a new stake in Eos Energy Enterprises during the second quarter worth about $51,000. Northwestern Mutual Wealth Management Co. boosted 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. Finally, Janney Montgomery Scott LLC bought a new position in shares of Eos Energy Enterprises during the 2nd quarter valued at about $59,000. Institutional investors own 54.87% of the company’s stock.

Insider Buying and Selling

In related news, Director Marian Walters sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $7.90, for a total value of $395,000.00. Following the completion of the sale, the director 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Sumeet Puri sold 40,501 shares of Eos Energy Enterprises stock in a transaction on Monday, September 8th. The shares were sold at an average price of $7.11, for a total transaction of $287,962.11. Following the completion of the sale, the chief accounting officer owned 164,290 shares in the company, valued at approximately $1,168,101.90. This trade represents a 19.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.30% of the company’s stock.

Eos Energy Enterprises Stock Down 9.6%

NASDAQ:EOSE opened at $13.60 on Tuesday. The firm has a market capitalization of $3.92 billion, a P/E ratio of -1.63 and a beta of 2.15. The company has a fifty day moving average of $14.34 and a 200 day moving average of $8.85. Eos Energy Enterprises, Inc. has a 52 week low of $2.82 and a 52 week high of $19.86.

Eos Energy Enterprises (NASDAQ:EOSE) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($2.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($2.46). The business had revenue of $30.51 million for the quarter, compared to analysts’ expectations of $39.55 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

Analysts Set New Price Targets

EOSE has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on Eos Energy Enterprises from $10.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Zacks Research lowered shares of Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. B. Riley increased their target price on shares of Eos Energy Enterprises from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Jefferies Financial Group started coverage on shares of Eos Energy Enterprises in a research report on Friday, September 5th. They issued a “hold” rating and a $6.50 target price on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Eos Energy Enterprises in a research report on Wednesday, October 8th. Two equities research 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. According to data from MarketBeat, the company presently has a consensus 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.