Analysts Set Eos Energy Enterprises, Inc. (NASDAQ:EOSE) PT at $10.93

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have been given an average rating of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $10.9286.

A number of brokerages have commented on EOSE. Wall Street Zen upgraded shares of Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a report on Saturday. Roth Mkm dropped their target price on shares of Eos Energy Enterprises from $12.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. JPMorgan Chase & Co. dropped their target price on shares of Eos Energy Enterprises from $9.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. TD Cowen boosted their target price on shares of Eos Energy Enterprises from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday, May 14th. Finally, B. Riley Financial dropped their target price on shares of Eos Energy Enterprises from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, March 5th.

Insider Transactions at Eos Energy Enterprises

In related news, Director David Urban bought 16,250 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was bought at an average price of $6.16 per share, with a total value of $100,100.00. Following the transaction, the director owned 62,471 shares of the company’s stock, valued at approximately $384,821.36. This trade represents a 35.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alexander Dimitrief bought 15,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was bought at an average cost of $6.04 per share, with a total value of $90,600.00. Following the transaction, the director directly owned 235,221 shares in the company, valued at approximately $1,420,734.84. The trade was a 6.81% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 115,150 shares of company stock valued at $692,962. Insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Eos Energy Enterprises

Institutional investors have recently modified their holdings of the business. L.K. Benson & Company P.C. bought a new stake in shares of Eos Energy Enterprises during the 3rd quarter valued at about $887,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Eos Energy Enterprises during the 4th quarter valued at about $1,834,000. Vanguard Group Inc. grew its position in shares of Eos Energy Enterprises by 19.8% during the 4th quarter. Vanguard Group Inc. now owns 18,616,874 shares of the company’s stock valued at $213,349,000 after buying an additional 3,080,012 shares during the last quarter. DNB Asset Management AS grew its position in shares of Eos Energy Enterprises by 22.4% during the 3rd quarter. DNB Asset Management AS now owns 1,034,086 shares of the company’s stock valued at $11,778,000 after buying an additional 189,039 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of Eos Energy Enterprises during the 4th quarter valued at about $4,307,000. Institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Price Performance

Shares of EOSE stock opened at $7.43 on Friday. Eos Energy Enterprises has a 12 month low of $3.69 and a 12 month high of $19.86. The firm has a market capitalization of $2.52 billion, a P/E ratio of -1.11 and a beta of 2.56. The company’s fifty day moving average price is $6.23 and its two-hundred day moving average price is $10.96.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.34. The firm had revenue of $56.96 million during the quarter, compared to analyst estimates of $54.32 million. On average, sell-side analysts anticipate that Eos Energy Enterprises will post -0.8 EPS for the current year.

Eos Energy Enterprises Company Profile

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.