Eos Energy Enterprises (NASDAQ:EOSE) Announces Earnings Results, Misses Estimates By $1.01 EPS

Eos Energy Enterprises (NASDAQ:EOSE) released its earnings results on Wednesday. The company reported ($1.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.01), FiscalAI reports. The business had revenue of $13.74 million for the quarter, compared to analysts’ expectations of $68.32 million. During the same period last year, the company posted ($1.05) earnings per share.

Here are the key takeaways from Eos Energy Enterprises’ conference call:

• Eos lowered its 2026 revenue guidance to $300 million–$350 million, citing a planned consolidation of Line 1 into the Thorn Hill facility that will temporarily reduce production and revenue.
• Second-quarter revenue reached a record $68.8 million, up 351% year over year, while backlog grew to $807 million and the opportunity pipeline increased 31% year over year to $24.6 billion, or nearly 112 GWh.
• Management expects Thorn Hill consolidation to reduce conversion costs by an additional 10%–15%, with an estimated nine-month payback, while a unified manufacturing footprint is intended to support volume growth and margin expansion in 2027.
• Despite seven consecutive quarters of gross-margin improvement, adjusted gross margin remained deeply negative at 62%, and adjusted EBITDA was negative $71.4 million; management is targeting more than 72 percentage points of adjusted gross-margin improvement over the next 12 months.
• The installed fleet has discharged 6.5 GWh across more than 3.9 million cycles, with average round-trip efficiency of 78% and demonstrated performance above 90% on some cycles, supporting Eos’s claims of improving reliability and bankability.

Eos Energy Enterprises Price Performance

Shares of Eos Energy Enterprises stock traded up $0.10 during trading on Friday, hitting $4.04. 5,322,588 shares of the company’s stock traded hands, compared to its average volume of 25,723,385. The company has a market cap of $1.37 billion, a PE ratio of -0.59 and a beta of 2.75. The firm’s fifty day moving average price is $5.48 and its 200 day moving average price is $7.52. Eos Energy Enterprises has a twelve month low of $3.11 and a twelve month high of $19.86.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stifel Nicolaus dropped their price target on Eos Energy Enterprises from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday. TD Cowen dropped their target price on shares of Eos Energy Enterprises from $8.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of Eos Energy Enterprises from $9.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Needham & Company LLC started coverage on shares of Eos Energy Enterprises in a report on Friday, May 22nd. They set a “buy” rating and a $11.00 price objective on the stock. Finally, Roth Capital set a $4.00 price objective on shares of Eos Energy Enterprises in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.39.

Insider Activity

In related news, insider Michael W. Silberman sold 14,998 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $5.87, for a total transaction of $88,038.26. Following the completion of the transaction, the insider owned 298,277 shares in the company, valued at $1,750,885.99. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michelle Buczkowski sold 11,469 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $5.87, for a total value of $67,323.03. Following the completion of the sale, the insider owned 59,242 shares in the company, valued at $347,750.54. This trade represents a 16.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 456,307 shares of company stock valued at $1,882,877. 1.73% of the stock is owned by company insiders.

Institutional Investors Weigh In On Eos Energy Enterprises

Several large investors have recently made changes to their positions in EOSE. Rubric Capital Management LP bought a new position in Eos Energy Enterprises during the 3rd quarter valued at about $117,317,000. State Street Corp grew its stake in Eos Energy Enterprises by 6.1% during the fourth quarter. State Street Corp now owns 7,689,841 shares of the company’s stock worth $88,126,000 after buying an additional 443,809 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Eos Energy Enterprises by 36.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,900,513 shares of the company’s stock worth $14,744,000 after buying an additional 1,050,128 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Eos Energy Enterprises by 43.3% during the third quarter. Bank of America Corp DE now owns 3,071,242 shares of the company’s stock worth $34,981,000 after buying an additional 928,389 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Eos Energy Enterprises by 55.1% in the first quarter. Millennium Management LLC now owns 2,522,273 shares of the company’s stock valued at $9,534,000 after acquiring an additional 896,471 shares during the last quarter. Institutional investors own 54.87% of the company’s stock.

About Eos Energy Enterprises

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.