Eos Energy Enterprises, Inc. $EOSE Stock Position Increased by American Financial Group Inc.

American Financial Group Inc. boosted its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 981,628 shares of the company’s stock after buying an additional 48,698 shares during the period. Eos Energy Enterprises makes up 4.3% of American Financial Group Inc.’s investment portfolio, making the stock its 7th biggest holding. American Financial Group Inc. owned approximately 0.38% of Eos Energy Enterprises worth $11,181,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Millennium Management LLC increased its position in shares of Eos Energy Enterprises by 55.1% during the first quarter. Millennium Management LLC now owns 2,522,273 shares of the company’s stock valued at $9,534,000 after buying an additional 896,471 shares during the period. Goldman Sachs Group Inc. grew its stake in Eos Energy Enterprises by 36.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,900,513 shares of the company’s stock valued at $14,744,000 after acquiring an additional 1,050,128 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Eos Energy Enterprises during the 2nd quarter worth approximately $257,000. Chicago Partners Investment Group LLC purchased a new stake in Eos Energy Enterprises in the 2nd quarter worth approximately $65,000. Finally, R Squared Ltd purchased a new stake in Eos Energy Enterprises in the 2nd quarter worth approximately $78,000. Institutional investors own 54.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Zacks Research upgraded shares of Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen cut Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. B. Riley Financial upped their target price 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. JPMorgan Chase & Co. assumed coverage on Eos Energy Enterprises in a research report on Wednesday, December 17th. They set a “neutral” rating and a $16.00 price target for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Eos Energy Enterprises in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.50.

Insider Buying and Selling at Eos Energy Enterprises

In related news, CFO Nathan Kroeker sold 50,000 shares of Eos Energy Enterprises stock in a transaction on Monday, January 26th. The shares were sold at an average price of $16.04, for a total value of $802,000.00. Following the transaction, the chief financial officer owned 662,512 shares in the company, valued at $10,626,692.48. This trade represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Russell Monoki Stidolph sold 500,000 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $14.99, for a total transaction of $7,495,000.00. Following the sale, the director owned 2,153,272 shares of the company’s stock, valued at approximately $32,277,547.28. The trade was a 18.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 907,801 shares of company stock valued at $13,803,507. 3.30% of the stock is owned by insiders.

Eos Energy Enterprises Trading Down 6.6%

Shares of NASDAQ EOSE opened at $10.70 on Monday. The stock’s 50-day moving average is $13.71 and its 200 day moving average is $12.48. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of -1.28 and a beta of 2.13. Eos Energy Enterprises, Inc. has a 1-year low of $3.07 and a 1-year high of $19.86.

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.