28,800 Shares in Eos Energy Enterprises, Inc. $EOSE Bought by SCP Investment LP

SCP Investment LP purchased a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,800 shares of the company’s stock, valued at approximately $147,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EOSE. Amalgamated Bank acquired a new position in shares of Eos Energy Enterprises during the second quarter worth about $39,000. Baxter Bros Inc. acquired a new position in Eos Energy Enterprises during the 2nd quarter worth approximately $51,000. Sfmg LLC purchased a new stake in shares of Eos Energy Enterprises in the 2nd quarter valued at approximately $52,000. Elevatus Welath Management purchased a new stake in shares of Eos Energy Enterprises during the 1st quarter worth $39,000. Finally, Ensign Peak Advisors Inc acquired a new position in shares of Eos Energy Enterprises during the second quarter worth $54,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Up 6.0%

EOSE opened at $14.21 on Thursday. Eos Energy Enterprises, Inc. has a 52 week low of $2.64 and a 52 week high of $19.86. The business has a 50 day moving average price of $14.06 and a two-hundred day moving average price of $8.68. The company has a market cap of $4.10 billion, a PE ratio of -1.70 and a beta of 2.32.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings results 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 company had revenue of $30.51 million during the quarter, compared to analysts’ expectations of $39.55 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Eos Energy Enterprises from $10.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Zacks Research lowered Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. 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. Roth Capital set a $12.00 price target on Eos Energy Enterprises and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Guggenheim boosted their price objective on Eos Energy Enterprises from $10.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Eos Energy Enterprises presently has a consensus rating of “Hold” and a consensus price target of $11.93.

Insider Buying and Selling

In other Eos Energy Enterprises news, CAO Sumeet Puri sold 40,501 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $7.11, for a total transaction of $287,962.11. Following the transaction, the chief accounting officer directly owned 164,290 shares in the company, valued at approximately $1,168,101.90. This represents a 19.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Marian Walters sold 50,000 shares of Eos Energy Enterprises stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $7.90, for a total transaction of $395,000.00. Following the sale, the director owned 133,794 shares of the company’s stock, valued at approximately $1,056,972.60. The trade was a 27.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.30% of the company’s stock.

About Eos Energy Enterprises

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.