Eos Energy Enterprises, Inc. (NASDAQ:EOSE) – B. Riley lowered their Q2 2021 earnings per share (EPS) estimates for Eos Energy Enterprises in a research report issued on Thursday, May 13th. B. Riley analyst C. Souther now expects that the company will earn ($0.23) per share for the quarter, down from their previous forecast of ($0.22). B. Riley also issued estimates for Eos Energy Enterprises’ Q3 2021 earnings at ($0.24) EPS, Q4 2021 earnings at ($0.34) EPS, FY2021 earnings at ($1.24) EPS, Q1 2022 earnings at ($0.27) EPS, Q2 2022 earnings at ($0.26) EPS, Q3 2022 earnings at ($0.24) EPS, FY2022 earnings at ($0.64) EPS, FY2023 earnings at $0.52 EPS and FY2024 earnings at $1.36 EPS.
Separately, Zacks Investment Research cut shares of Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Friday, April 30th.
Eos Energy Enterprises (NASDAQ:EOSE) last posted its earnings results on Wednesday, May 12th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.25).
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN purchased a new stake in Eos Energy Enterprises in the 4th quarter worth $31,000. Larson Financial Group LLC purchased a new stake in Eos Energy Enterprises in the 1st quarter worth $32,000. Valeo Financial Advisors LLC purchased a new stake in Eos Energy Enterprises in the 1st quarter worth $59,000. Penserra Capital Management LLC increased its holdings in Eos Energy Enterprises by 26.4% in the 1st quarter. Penserra Capital Management LLC now owns 15,034 shares of the company’s stock worth $296,000 after acquiring an additional 3,142 shares in the last quarter. Finally, Focused Wealth Management Inc purchased a new stake in Eos Energy Enterprises in the 4th quarter worth $83,000. 54.50% of the stock is owned by institutional investors.
Eos Energy Enterprises Company Profile
Eos Energy Enterprises, Inc designs, manufactures, and deploys battery storage solutions for utility, commercial and industrial, and renewable energy markets in the United States. The company offers stationary battery storage solutions. Its flagship product is the Eos Znyth DC battery system designed to meet the requirements of the grid-scale energy storage market.
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