Jag Capital Management LLC Increases Holdings in Eos Energy Enterprises, Inc. $EOSE

Jag Capital Management LLC lifted its position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 11.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,450 shares of the company’s stock after purchasing an additional 7,300 shares during the quarter. Jag Capital Management LLC’s holdings in Eos Energy Enterprises were worth $376,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Eos Energy Enterprises by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 10,362,810 shares of the company’s stock worth $39,171,000 after buying an additional 59,762 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of 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 worth $14,744,000 after purchasing an additional 1,050,128 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Eos Energy Enterprises during the first quarter worth $13,456,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Eos Energy Enterprises by 1.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286,648 shares of the company’s stock worth $12,925,000 after purchasing an additional 50,117 shares during the last quarter. Finally, Millennium Management LLC raised its holdings 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 worth $9,534,000 after purchasing an additional 896,471 shares during the last quarter. 54.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EOSE shares. Zacks Research raised shares of Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eos Energy Enterprises in a research note on Wednesday, October 8th. Wall Street Zen lowered Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Jefferies Financial Group initiated coverage on Eos Energy Enterprises in a research report on Friday, September 5th. They set a “hold” rating and a $6.50 price target for the company. Finally, Guggenheim lifted their price target on Eos Energy Enterprises from $6.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Eos Energy Enterprises currently has an average rating of “Hold” and a consensus price target of $7.58.

Eos Energy Enterprises Stock Up 23.4%

Shares of Eos Energy Enterprises stock opened at $17.05 on Tuesday. Eos Energy Enterprises, Inc. has a twelve month low of $2.06 and a twelve month high of $17.36. The business has a 50-day moving average price of $8.76 and a 200 day moving average price of $6.33. The firm has a market cap of $4.43 billion, a PE ratio of -3.27 and a beta of 2.29.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its quarterly earnings results on Wednesday, July 30th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.88). The company had revenue of $15.24 million during the quarter, compared to analysts’ expectations of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Nathan Kroeker sold 99,375 shares of the business’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $5.94, for a total value of $590,287.50. Following the completion of the sale, the chief financial officer owned 612,512 shares of the company’s stock, valued at approximately $3,638,321.28. The trade was a 13.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Michael W. Silberman sold 65,625 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $5.94, for a total transaction of $389,812.50. Following the completion of the sale, the general counsel directly owned 241,612 shares of the company’s stock, valued at approximately $1,435,175.28. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 484,668 shares of company stock valued at $3,027,014. 3.30% of the stock is owned by insiders.

Eos Energy Enterprises Profile

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.