Eos Energy Enterprises, Inc. $EOSE Shares Sold by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP trimmed its holdings in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 65.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 555,000 shares of the company’s stock after selling 1,045,000 shares during the period. Ardsley Advisory Partners LP’s holdings in Eos Energy Enterprises were worth $6,360,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of Eos Energy Enterprises by 3,843.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,524 shares of the company’s stock valued at $29,000 after purchasing an additional 2,460 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Eos Energy Enterprises by 58.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,700 shares of the company’s stock valued at $31,000 after purchasing an additional 1,000 shares during the period. Danske Bank A S acquired a new position in shares of Eos Energy Enterprises during the fourth quarter valued at $33,000. TD Waterhouse Canada Inc. increased its holdings in shares of Eos Energy Enterprises by 178.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,119 shares of the company’s stock valued at $36,000 after purchasing an additional 2,000 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Eos Energy Enterprises by 46.4% during the fourth quarter. GAMMA Investing LLC now owns 3,270 shares of the company’s stock valued at $37,000 after buying an additional 1,036 shares in the last quarter. 54.87% of the stock is owned by institutional investors and hedge funds.

Eos Energy Enterprises Stock Up 11.6%

Shares of EOSE stock opened at $7.60 on Thursday. The stock has a 50-day simple moving average of $7.20 and a 200 day simple moving average of $9.84. Eos Energy Enterprises, Inc. has a fifty-two week low of $4.18 and a fifty-two week high of $19.86. The stock has a market capitalization of $2.58 billion, a P/E ratio of -1.14 and a beta of 2.62.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its earnings results on Wednesday, May 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.34. The firm had revenue of $56.96 million for the quarter, compared to the consensus estimate of $54.32 million. On average, sell-side analysts anticipate that Eos Energy Enterprises, Inc. will post -0.31 earnings per share for the current year.

Insiders Place Their Bets

In other Eos Energy Enterprises news, Director Marian Walters sold 7,681 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $7.07, for a total transaction of $54,304.67. Following the sale, the director owned 135,334 shares in the company, valued at approximately $956,811.38. The trade was a 5.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Roth Mkm decreased their target price on Eos Energy Enterprises from $12.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Zacks Research raised Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Wall Street Zen cut Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. TD Cowen raised their target price on Eos Energy Enterprises from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Thursday, May 14th. Finally, B. Riley Financial decreased their target price on Eos Energy Enterprises from $12.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.94.

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.