Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have been given a consensus rating of “Hold” by the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $12.4375.

Several brokerages have recently weighed in on EOSE. Roth Capital set a $12.00 price objective on shares of Eos Energy Enterprises and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Wall Street Zen lowered shares of Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. assumed coverage on shares of Eos Energy Enterprises in a research note on Wednesday, December 17th. They issued a “neutral” rating and a $16.00 price objective for the company. Stifel Nicolaus raised their price objective on Eos Energy Enterprises from $10.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, B. Riley boosted their target price on Eos Energy Enterprises from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th.

Insider Activity at Eos Energy Enterprises

In other Eos Energy Enterprises news, Director Marian Walters sold 50,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $15.81, for a total transaction of $790,500.00. Following the transaction, the director directly owned 135,334 shares of the company’s stock, valued at approximately $2,139,630.54. This trade represents a 26.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Russell Monoki Stidolph sold 29,999 shares of Eos Energy Enterprises stock in a transaction on Monday, December 8th. The shares were sold at an average price of $15.36, for a total transaction of $460,784.64. Following the completion of the transaction, the director owned 2,123,273 shares in the company, valued at approximately $32,613,473.28. This represents a 1.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 816,134 shares of company stock valued at $12,262,335 over the last three months. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of Eos Energy Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chung Wu Investment Group LLC acquired a new stake in Eos Energy Enterprises during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC lifted its holdings in shares of Eos Energy Enterprises by 46.4% during the fourth quarter. GAMMA Investing LLC now owns 3,270 shares of the company’s stock worth $37,000 after purchasing an additional 1,036 shares during the period. 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 valued at $38,000 after buying an additional 825 shares during the last quarter. Amalgamated Bank acquired a new position in Eos Energy Enterprises in the 2nd quarter valued at $39,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in Eos Energy Enterprises during the 2nd quarter worth $39,000. 54.87% of the stock is owned by hedge funds and other institutional investors.

Eos Energy Enterprises Stock Up 3.4%

Eos Energy Enterprises stock traded up $0.57 during midday trading on Friday, reaching $17.45. The company’s stock had a trading volume of 20,346,190 shares, compared to its average volume of 15,559,986. The company has a market cap of $5.03 billion, a P/E ratio of -2.09 and a beta of 2.11. The business has a 50-day simple moving average of $14.10 and a 200-day simple moving average of $10.98. Eos Energy Enterprises has a fifty-two week low of $3.07 and a fifty-two week high of $19.86.

Eos Energy Enterprises (NASDAQ:EOSE) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($2.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($2.46). The firm had revenue of $30.51 million during the quarter, compared to analyst estimates of $39.55 million. As a group, equities analysts forecast that Eos Energy Enterprises will post -2.54 earnings per share for the current 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.