Eos Energy Enterprises (NASDAQ:EOSE) Upgraded at Zacks Research

Zacks Research upgraded shares of Eos Energy Enterprises (NASDAQ:EOSE) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other research analysts have also recently issued reports on EOSE. Wall Street Zen cut shares of Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Stifel Nicolaus lifted their price objective 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. B. Riley boosted their price objective on Eos Energy Enterprises from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Eos Energy Enterprises in a research note on Wednesday, October 8th. Finally, Roth Capital set a $12.00 price target on Eos Energy Enterprises and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.44.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ:EOSE opened at $17.30 on Monday. The company’s fifty day moving average is $14.08 and its 200-day moving average is $10.81. Eos Energy Enterprises has a 52 week low of $3.07 and a 52 week high of $19.86. The company has a market capitalization of $4.99 billion, a PE ratio of -2.07 and a beta of 2.11.

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 analysts’ consensus estimates of ($0.31) by ($2.46). The company had revenue of $30.51 million for the quarter, compared to analyst estimates of $39.55 million. On average, analysts forecast that Eos Energy Enterprises will post -2.54 EPS for the current year.

Insider Transactions at Eos Energy Enterprises

In other Eos Energy Enterprises news, Director Marian Walters sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $15.81, for a total transaction of $790,500.00. Following the completion of the sale, the director directly owned 135,334 shares of the company’s stock, valued at approximately $2,139,630.54. The trade was a 26.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Russell Monoki Stidolph sold 29,999 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $15.36, for a total transaction of $460,784.64. Following the transaction, the director owned 2,123,273 shares in the company, valued at approximately $32,613,473.28. The trade was a 1.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 816,134 shares of company stock valued at $12,262,335. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of Eos Energy Enterprises

A number of institutional investors have recently bought and sold shares of the business. Fiduciary Planning LLC bought a new position in shares of Eos Energy Enterprises during the 2nd quarter valued at about $236,000. Concurrent Investment Advisors LLC acquired a new stake in Eos Energy Enterprises during the 2nd quarter worth approximately $548,000. Hsbc Holdings PLC lifted its stake in Eos Energy Enterprises by 192.9% in the second quarter. Hsbc Holdings PLC now owns 129,626 shares of the company’s stock valued at $665,000 after buying an additional 85,371 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Eos Energy Enterprises in the second quarter valued at approximately $257,000. Finally, Copperleaf Capital LLC acquired a new position in shares of Eos Energy Enterprises in the second quarter valued at approximately $1,639,000. Institutional investors and hedge funds own 54.87% 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.