Bouvel Investment Partners LLC Makes New Investment in Eos Energy Enterprises, Inc. $EOSE

Bouvel Investment Partners LLC purchased a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 110,817 shares of the company’s stock, valued at approximately $1,262,000.

A number of other institutional investors have also modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in Eos Energy Enterprises by 33.0% in the third quarter. Farther Finance Advisors LLC now owns 3,325 shares of the company’s stock worth $38,000 after acquiring an additional 825 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of Eos Energy Enterprises during the 2nd quarter worth approximately $39,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Eos Energy Enterprises in the 2nd quarter worth approximately $39,000. CWM LLC lifted its holdings in shares of Eos Energy Enterprises by 162.9% in the 3rd quarter. CWM LLC now owns 3,994 shares of the company’s stock worth $45,000 after purchasing an additional 2,475 shares during the last quarter. Finally, Baxter Bros Inc. acquired a new position in Eos Energy Enterprises during the 2nd quarter valued at approximately $51,000. Institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Price Performance

Shares of NASDAQ:EOSE opened at $13.46 on Tuesday. Eos Energy Enterprises, Inc. has a 12 month low of $3.07 and a 12 month high of $19.86. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of -1.61 and a beta of 2.11. The stock’s 50 day moving average price is $14.02 and its 200 day moving average price is $10.32.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $39.55 million. On average, sell-side analysts expect that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EOSE. Wall Street Zen cut Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eos Energy Enterprises in a report on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Eos Energy Enterprises in a research report on Wednesday, December 17th. They issued a “neutral” rating and a $16.00 price objective on the stock. Guggenheim upped their target price on shares of Eos Energy Enterprises from $10.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research lowered shares of Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Eos Energy Enterprises presently has an average rating of “Hold” and an average price target of $12.44.

Insider Activity

In other news, Director Marian Walters sold 50,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $15.81, for a total transaction of $790,500.00. Following the completion of the transaction, the director owned 135,334 shares in the company, valued at approximately $2,139,630.54. This trade represents a 26.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Russell Monoki Stidolph sold 500,000 shares of Eos Energy Enterprises stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $14.99, for a total transaction of $7,495,000.00. Following the completion of the transaction, the director directly owned 2,153,272 shares in the company, valued at $32,277,547.28. This represents a 18.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 816,134 shares of company stock valued at $12,262,335 in the last ninety days. Company insiders own 3.30% of the company’s stock.

Eos Energy Enterprises Company Profile

Eos Energy Enterprises specializes in the development and deployment of scalable, long-duration energy storage systems designed to support the integration of renewable power and enhance grid reliability. The company’s core technology centers on its proprietary zinc hybrid cathode (Znyth™) battery platform, which aims to deliver safe, low-cost, and durable performance for utility, commercial and industrial, and microgrid applications.

The company’s flagship product, the Aurora™ energy storage system, combines its Znyth™ cells with modular power conversion and controls to offer flexible capacity ranging from one to three hours of discharge duration.