Eos Energy Enterprises, Inc. (NASDAQ:EOSE – Get Free Report) has earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $10.9375.
Several equities research analysts have issued reports on the company. Zacks Research raised Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Guggenheim restated a “neutral” rating and issued a $20.00 target price on shares of Eos Energy Enterprises in a research report on Friday, February 27th. B. Riley Financial reduced their target price on Eos Energy Enterprises from $12.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. Needham & Company LLC initiated coverage on Eos Energy Enterprises in a research report on Friday, May 22nd. They issued a “buy” rating and a $11.00 target price on the stock. Finally, Wall Street Zen downgraded Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research report on Saturday.
View Our Latest Report on Eos Energy Enterprises
Insider Buying and Selling
Institutional Investors Weigh In On Eos Energy Enterprises
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D purchased a new stake in Eos Energy Enterprises in the fourth quarter valued at $1,834,000. Baker Avenue Asset Management LP acquired a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at $11,542,000. Vanguard Group Inc. grew its stake in shares of Eos Energy Enterprises by 19.8% in the fourth quarter. Vanguard Group Inc. now owns 18,616,874 shares of the company’s stock valued at $213,349,000 after buying an additional 3,080,012 shares in the last quarter. DNB Asset Management AS grew its stake in shares of Eos Energy Enterprises by 22.4% in the third quarter. DNB Asset Management AS now owns 1,034,086 shares of the company’s stock valued at $11,778,000 after buying an additional 189,039 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at $4,307,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.
Eos Energy Enterprises Stock Performance
Shares of Eos Energy Enterprises stock opened at $6.06 on Wednesday. Eos Energy Enterprises has a one year low of $3.96 and a one year high of $19.86. The company has a market cap of $2.06 billion, a price-to-earnings ratio of -0.91 and a beta of 2.62. The business’s 50 day moving average price is $7.08 and its 200 day moving average price is $10.01.
Eos Energy Enterprises (NASDAQ:EOSE – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.34. The company had revenue of $56.96 million for the quarter, compared to analysts’ expectations of $54.32 million. On average, analysts predict that Eos Energy Enterprises will post -0.31 EPS for the current fiscal year.
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.
Read More
- Five stocks we like better than Eos Energy Enterprises
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for Eos Energy Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eos Energy Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.
