R Squared Ltd Makes New Investment in Eos Energy Enterprises, Inc. $EOSE

R Squared Ltd purchased a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,240 shares of the company’s stock, valued at approximately $78,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiduciary Planning LLC acquired a new position in shares of Eos Energy Enterprises in the 2nd quarter valued at about $236,000. Chicago Partners Investment Group LLC acquired a new position in Eos Energy Enterprises in the 2nd quarter worth about $65,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Eos Energy Enterprises during the 2nd quarter worth approximately $257,000. Carmel Capital Partners LLC increased its stake in Eos Energy Enterprises by 130.5% during the 2nd quarter. Carmel Capital Partners LLC now owns 28,700 shares of the company’s stock worth $147,000 after buying an additional 16,250 shares in the last quarter. Finally, Jag Capital Management LLC increased its stake in Eos Energy Enterprises by 11.0% during the 2nd quarter. Jag Capital Management LLC now owns 73,450 shares of the company’s stock worth $376,000 after buying an additional 7,300 shares in the last quarter. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Up 11.8%

NASDAQ EOSE opened at $16.06 on Monday. Eos Energy Enterprises, Inc. has a 52-week low of $2.06 and a 52-week high of $19.05. The business’s 50-day moving average price is $10.47 and its 200 day moving average price is $7.09. The firm has a market cap of $4.17 billion, a P/E ratio of -3.08 and a beta of 2.29.

Eos Energy Enterprises (NASDAQ:EOSE) last released its quarterly earnings results on Wednesday, July 30th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.88). The company had revenue of $15.24 million during the quarter, compared to analysts’ expectations of $24.96 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

EOSE has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Eos Energy Enterprises in a research report on Saturday. Jefferies Financial Group began coverage on Eos Energy Enterprises in a research report on Friday, September 5th. They issued a “hold” rating and a $6.50 price objective for the company. Guggenheim upped their price target on Eos Energy Enterprises from $10.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Zacks Research upgraded Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, B. Riley increased their price objective on Eos Energy Enterprises from $5.00 to $8.00 and gave the company a “neutral” rating in a research note on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.36.

Insider Transactions at Eos Energy Enterprises

In related news, CFO Nathan Kroeker sold 99,375 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $5.94, for a total value of $590,287.50. Following the completion of the sale, the chief financial officer owned 612,512 shares in the company, valued at $3,638,321.28. This trade represents a 13.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marian Walters sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $7.90, for a total transaction of $395,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 484,668 shares of company stock valued at $3,027,014 over the last 90 days. 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.