Eos Energy Enterprises (NASDAQ:EOSE – Get Free Report) was upgraded by analysts at Truist Financial to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.
A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. dropped their target price on Eos Energy Enterprises from $9.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. TD Cowen raised their price target on Eos Energy Enterprises from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday, May 14th. Wall Street Zen lowered shares of Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eos Energy Enterprises in a research report on Tuesday, April 21st. Finally, Zacks Research raised shares of Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.17.
View Our Latest Report on EOSE
Eos Energy Enterprises Trading Down 1.4%
Eos Energy Enterprises (NASDAQ:EOSE – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.34. The company had revenue of $56.96 million for the quarter, compared to the consensus estimate of $54.32 million. As a group, equities analysts forecast that Eos Energy Enterprises will post -0.31 EPS for the current year.
Insider Activity at Eos Energy Enterprises
In other news, CFO Nathan Kroeker sold 79,309 shares of Eos Energy Enterprises stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $4.68, for a total transaction of $371,166.12. Following the completion of the sale, the chief financial officer directly owned 777,110 shares in the company, valued at approximately $3,636,874.80. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michelle Buczkowski sold 11,469 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $5.87, for a total transaction of $67,323.03. Following the sale, the insider directly owned 59,242 shares of the company’s stock, valued at $347,750.54. This represents a 16.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 157,569 shares of company stock worth $839,328 over the last quarter. 1.73% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Inspire Investing LLC increased its holdings in Eos Energy Enterprises by 2.2% during the 4th quarter. Inspire Investing LLC now owns 41,442 shares of the company’s stock worth $475,000 after purchasing an additional 882 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in shares of Eos Energy Enterprises by 58.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,700 shares of the company’s stock worth $31,000 after buying an additional 1,000 shares during the period. GAMMA Investing LLC grew its position in shares of Eos Energy Enterprises by 46.4% during 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 in the last quarter. Diversify Advisory Services LLC grew its position in shares of Eos Energy Enterprises by 6.5% during 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Eos Energy Enterprises by 33.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,732 shares of the company’s stock valued at $66,000 after buying an additional 1,425 shares during the period. 54.87% of the stock is currently owned by institutional investors.
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.
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