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

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has been assigned an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $6.3750.

A number of equities analysts have recently commented on EOSE shares. TD Cowen raised their target price on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. Stifel Nicolaus reduced their target price on shares of Eos Energy Enterprises from $9.00 to $8.50 and set a “buy” rating on the stock in a research report on Monday, June 9th. Guggenheim reduced their target price on shares of Eos Energy Enterprises from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, June 2nd. Finally, Wall Street Zen lowered shares of Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ:EOSE opened at $5.99 on Thursday. The firm has a market cap of $1.56 billion, a PE ratio of -1.15 and a beta of 2.07. The firm’s 50 day simple moving average is $5.40 and its 200-day simple moving average is $5.00. Eos Energy Enterprises has a one year low of $1.97 and a one year high of $7.36.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its earnings results on Wednesday, July 30th. The company reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.88). The firm had revenue of $15.24 million for the quarter, compared to analyst estimates of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. Equities research analysts predict that Eos Energy Enterprises will post -2.54 EPS for the current fiscal year.

Insider Activity

In other news, CAO Sumeet Puri sold 17,500 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $5.94, for a total transaction of $103,950.00. Following the transaction, the chief accounting officer directly owned 136,457 shares in the company, valued at approximately $810,554.58. This trade represents a 11.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nathan Kroeker sold 99,375 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $5.94, for a total transaction of $590,287.50. Following the transaction, the chief financial officer owned 612,512 shares in the company, valued at approximately $3,638,321.28. This represents a 13.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 592,697 shares of company stock valued at $3,327,816. 3.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Eos Energy Enterprises

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in Eos Energy Enterprises by 165.2% in the fourth quarter. Bank of America Corp DE now owns 213,256 shares of the company’s stock valued at $1,036,000 after acquiring an additional 132,853 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Eos Energy Enterprises in the fourth quarter valued at approximately $1,581,000. California State Teachers Retirement System acquired a new stake in Eos Energy Enterprises in the fourth quarter valued at approximately $908,000. BNP Paribas Financial Markets acquired a new stake in Eos Energy Enterprises in the fourth quarter valued at approximately $1,271,000. Finally, Barclays PLC boosted its stake in Eos Energy Enterprises by 593.8% in the fourth quarter. Barclays PLC now owns 58,378 shares of the company’s stock valued at $283,000 after acquiring an additional 49,964 shares in the last quarter. 54.87% of the stock is currently owned by institutional investors.

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.