402,500 Shares in Eos Energy Enterprises, Inc. $EOSE Purchased by Bank of Montreal Can

Bank of Montreal Can acquired a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 402,500 shares of the company’s stock, valued at approximately $2,061,000.

A number of other large investors also recently made changes to their positions in EOSE. Fiduciary Planning LLC purchased a new position in Eos Energy Enterprises during the second quarter valued at approximately $236,000. Cetera Investment Advisers purchased a new position in shares of Eos Energy Enterprises during the 1st quarter valued at $197,000. Vanguard Group Inc. increased its stake in shares of Eos Energy Enterprises by 0.6% in the first quarter. Vanguard Group Inc. now owns 10,362,810 shares of the company’s stock worth $39,171,000 after acquiring an additional 59,762 shares during the last quarter. Brightline Capital Management LLC increased its stake in shares of Eos Energy Enterprises by 2.9% in the first quarter. Brightline Capital Management LLC now owns 1,707,000 shares of the company’s stock worth $6,452,000 after acquiring an additional 48,000 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of Eos Energy Enterprises during the second quarter worth $548,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Performance

EOSE opened at $17.27 on Thursday. The firm has a market cap of $4.49 billion, a P/E ratio of -2.07 and a beta of 2.32. The business has a 50 day moving average price of $12.89 and a 200 day moving average price of $8.13. Eos Energy Enterprises, Inc. has a twelve month low of $2.06 and a twelve month high of $19.86.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($2.77) EPS for the quarter, missing the consensus estimate of ($0.31) by ($2.46). The business had revenue of $30.51 million during the quarter, compared to the consensus estimate 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Guggenheim boosted their target price 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. B. Riley boosted their price target on Eos Energy Enterprises from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday. TD Cowen raised their price objective on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the company a “hold” rating in a research report on Friday, August 1st. Jefferies Financial Group began coverage on shares of Eos Energy Enterprises in a research note on Friday, September 5th. They issued a “hold” rating and a $6.50 target price for the company. Finally, Zacks Research downgraded shares of Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Eos Energy Enterprises has an average rating of “Hold” and a consensus price target of $11.93.

Insiders Place Their Bets

In related news, CAO Sumeet Puri sold 40,501 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $7.11, for a total transaction of $287,962.11. Following the completion of the transaction, the chief accounting officer owned 164,290 shares of the company’s stock, valued at approximately $1,168,101.90. The trade was a 19.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marian Walters sold 50,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $7.90, for a total value of $395,000.00. Following the sale, the director owned 133,794 shares of the company’s stock, valued at approximately $1,056,972.60. The trade was a 27.20% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 3.30% of the company’s stock.

About Eos Energy Enterprises

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.