Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives $13.50 Consensus Target Price from Analysts

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.50.

Several equities research analysts have recently issued reports on EOSE shares. B. Riley Financial increased their price objective on shares of Eos Energy Enterprises from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Stifel Nicolaus upped their target price on shares of Eos Energy Enterprises from $10.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Wall Street Zen downgraded Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Roth Mkm set a $12.00 price objective on Eos Energy Enterprises and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research upgraded Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th.

Eos Energy Enterprises Stock Up 9.1%

Shares of EOSE stock opened at $12.31 on Thursday. The firm has a fifty day moving average of $14.34 and a 200-day moving average of $12.05. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of -1.47 and a beta of 2.13. Eos Energy Enterprises has a 12-month low of $3.07 and a 12-month high of $19.86.

Eos Energy Enterprises (NASDAQ:EOSE) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($2.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($2.46). The firm had revenue of $30.51 million during the quarter, compared to the consensus estimate of $39.55 million. Research analysts expect that Eos Energy Enterprises will post -2.54 earnings per share for the current year.

Insider Buying and Selling at Eos Energy Enterprises

In other Eos Energy Enterprises news, Director Russell Monoki Stidolph sold 500,000 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $14.99, for a total transaction of $7,495,000.00. Following the sale, the director directly owned 2,153,272 shares of the company’s stock, valued at $32,277,547.28. The trade was a 18.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael W. Silberman sold 41,667 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $17.74, for a total transaction of $739,172.58. Following the transaction, the insider owned 283,279 shares of the company’s stock, valued at approximately $5,025,369.46. This represents a 12.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 907,801 shares of company stock valued at $13,803,507 over the last quarter. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EOSE. Millennium Management LLC increased its position in shares of Eos Energy Enterprises by 55.1% during the 1st quarter. Millennium Management LLC now owns 2,522,273 shares of the company’s stock worth $9,534,000 after purchasing an additional 896,471 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in 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 during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Eos Energy Enterprises by 9.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 55,290 shares of the company’s stock worth $281,000 after buying an additional 4,923 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Eos Energy Enterprises during the second quarter worth $59,000. Finally, KLP Kapitalforvaltning AS lifted its stake in Eos Energy Enterprises by 25.5% in the second quarter. KLP Kapitalforvaltning AS now owns 46,800 shares of the company’s stock valued at $240,000 after acquiring an additional 9,500 shares during the last quarter. 54.87% of the stock is owned by institutional investors and hedge funds.

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.