Eos Energy Enterprises (NASDAQ:EOSE) CFO Nathan Kroeker Sells 50,000 Shares of Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) CFO Nathan Kroeker sold 50,000 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $16.04, for a total transaction of $802,000.00. Following the completion of the sale, the chief financial officer owned 662,512 shares of the company’s stock, valued at $10,626,692.48. The trade was a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Eos Energy Enterprises Price Performance

EOSE stock opened at $16.19 on Tuesday. The stock has a market capitalization of $4.67 billion, a PE ratio of -1.94 and a beta of 2.11. The company’s 50-day moving average is $14.24 and its 200-day moving average is $11.55. Eos Energy Enterprises, Inc. has a 1 year low of $3.07 and a 1 year high of $19.86.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its earnings results on Wednesday, November 5th. The company reported ($2.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($2.46). The company had revenue of $30.51 million during the quarter, compared to analyst estimates of $39.55 million. On average, analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EOSE has been the subject of several research reports. Roth Mkm set a $12.00 price target on shares of Eos Energy Enterprises and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eos Energy Enterprises in a report on Thursday. B. Riley boosted their target price on shares of Eos Energy Enterprises from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. assumed 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 target on the stock. Finally, Guggenheim lifted their price target on Eos Energy Enterprises from $10.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Eos Energy Enterprises presently has an average rating of “Hold” and an average target price of $13.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in Eos Energy Enterprises by 33.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,325 shares of the company’s stock worth $38,000 after purchasing an additional 825 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Eos Energy Enterprises by 46.4% in the 4th quarter. GAMMA Investing LLC now owns 3,270 shares of the company’s stock worth $37,000 after buying an additional 1,036 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in shares of Eos Energy Enterprises by 6.5% in the 3rd quarter. Diversify Advisory Services LLC now owns 17,124 shares of the company’s stock worth $195,000 after buying an additional 1,049 shares during the last quarter. Investment Advisory Group LLC grew its holdings in shares of Eos Energy Enterprises by 7.0% in the third quarter. Investment Advisory Group LLC now owns 23,000 shares of the company’s stock valued at $262,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Copia Wealth Management increased its position in shares of Eos Energy Enterprises by 54.7% during the third quarter. Copia Wealth Management now owns 4,796 shares of the company’s stock valued at $55,000 after acquiring an additional 1,696 shares during the last quarter. 54.87% of the stock is owned by institutional investors.

About Eos Energy Enterprises

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.