Y Intercept Hong Kong Ltd Makes New Investment in Eos Energy Enterprises, Inc. $EOSE

Y Intercept Hong Kong Ltd purchased a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 506,734 shares of the company’s stock, valued at approximately $5,772,000. Y Intercept Hong Kong Ltd owned approximately 0.20% of Eos Energy Enterprises as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Farther Finance Advisors LLC lifted its position in Eos Energy Enterprises by 33.0% during the third quarter. Farther Finance Advisors LLC now owns 3,325 shares of the company’s stock valued at $38,000 after purchasing an additional 825 shares during the last quarter. Amalgamated Bank bought a new stake in Eos Energy Enterprises in the 2nd quarter worth approximately $39,000. Skandinaviska Enskilda Banken AB publ bought a new position in Eos Energy Enterprises during the second quarter valued at approximately $39,000. CWM LLC grew its position in Eos Energy Enterprises by 162.9% during the third quarter. CWM LLC now owns 3,994 shares of the company’s stock valued at $45,000 after acquiring an additional 2,475 shares during the last quarter. Finally, Baxter Bros Inc. purchased a new position in shares of Eos Energy Enterprises during the second quarter worth approximately $51,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EOSE shares. B. Riley upped their price objective on shares of Eos Energy Enterprises from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Roth Mkm set a $12.00 price target on Eos Energy Enterprises and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Zacks Research raised Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Stifel Nicolaus lifted their target price on shares of Eos Energy Enterprises from $10.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, JPMorgan Chase & Co. started coverage on shares of Eos Energy Enterprises in a report on Wednesday, December 17th. They set a “neutral” rating and a $16.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.50.

Insider Activity

In related news, Director Russell Monoki Stidolph sold 29,999 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $15.36, for a total value of $460,784.64. Following the sale, the director owned 2,123,273 shares in the company, valued at $32,613,473.28. This represents a 1.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael W. Silberman sold 41,667 shares of the business’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $17.74, for a total value of $739,172.58. Following the completion of the sale, the insider directly owned 283,279 shares in the company, valued at $5,025,369.46. This trade represents a 12.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 857,801 shares of company stock worth $13,001,507. Corporate insiders own 3.30% of the company’s stock.

Eos Energy Enterprises Price Performance

Shares of NASDAQ EOSE opened at $17.11 on Friday. Eos Energy Enterprises, Inc. has a 1 year low of $3.07 and a 1 year high of $19.86. The stock has a market capitalization of $4.93 billion, a P/E ratio of -2.05 and a beta of 2.11. The company’s 50-day moving average is $14.17 and its 200 day moving average is $11.42.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($2.77) earnings per share 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 analyst estimates of $39.55 million. Research analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current year.

Eos Energy Enterprises 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.