Eos Energy Enterprises (NASDAQ:EOSE) Director Purchases $39,500.00 in Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Director Haiyan Song acquired 10,000 shares of Eos Energy Enterprises stock in a transaction dated Friday, September 11th. The shares were acquired at an average price of $3.95 per share, with a total value of $39,500.00. Following the transaction, the director owned 10,000 shares in the company, valued at approximately $39,500. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Haiyan Song also recently made the following trade(s):

• On Monday, September 14th, Haiyan Song bought 5,000 shares of Eos Energy Enterprises stock. The stock was acquired at an average price of $3.84 per share, for a total transaction of $19,200.00.

Eos Energy Enterprises Trading Up 1.7%

EOSE stock traded up $0.07 on Tuesday, hitting $3.88. 4,606,597 shares of the company’s stock traded hands, compared to its average volume of 25,513,250. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -0.57 and a beta of 2.77. Eos Energy Enterprises, Inc. has a 1-year low of $3.01 and a 1-year high of $19.86. The stock has a fifty day moving average of $3.87 and a 200-day moving average of $5.64.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($1.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.01). The firm had revenue of $68.78 million during the quarter, compared to the consensus estimate of $68.32 million. During the same period in the previous year, the business earned ($1.05) EPS. On average, equities research analysts anticipate that Eos Energy Enterprises, Inc. will post -0.92 earnings per share for the current fiscal year.

Institutional Trading of Eos Energy Enterprises

Several institutional investors have recently made changes to their positions in EOSE. Allworth Financial LP grew its position in Eos Energy Enterprises by 198.6% during the second quarter. Allworth Financial LP now owns 4,300 shares of the company’s stock valued at $25,000 after purchasing an additional 2,860 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Eos Energy Enterprises by 33.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,732 shares of the company’s stock worth $66,000 after buying an additional 1,425 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Eos Energy Enterprises by 52.2% during the 4th quarter. Global Retirement Partners LLC now owns 9,130 shares of the company’s stock valued at $105,000 after buying an additional 3,130 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Eos Energy Enterprises by 279.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,577 shares of the company’s stock valued at $48,000 after buying an additional 7,053 shares during the period. Finally, KFA Private Wealth Group LLC acquired a new stake in shares of Eos Energy Enterprises during the 1st quarter valued at $50,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Truist Financial initiated coverage on Eos Energy Enterprises in a research note on Monday, July 13th. They issued a “buy” rating and a $7.00 price target on the stock. Needham & Company LLC decreased their target price on shares of Eos Energy Enterprises from $11.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday. 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, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Eos Energy Enterprises in a research report on Friday, July 17th. Finally, Wall Street Zen lowered shares of Eos Energy Enterprises from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Eos Energy Enterprises currently has an average rating of “Hold” and an average price target of $8.19.

About Eos Energy Enterprises

Eos Energy Enterprises, Inc develops and manufactures long-duration energy storage systems designed to support the reliability and flexibility of electric grids. Its technology is based on aqueous zinc battery chemistry, which is intended to provide a non-flammable alternative to conventional lithium-ion batteries for stationary storage applications.

The company’s primary product platform is the Eos Z3, a modular battery system designed for utility-scale and other large-scale energy storage projects.