Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives $3.67 Consensus Target Price from Analysts

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $3.67.

EOSE has been the subject of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and set a $6.00 target price on shares of Eos Energy Enterprises in a research note on Wednesday, August 21st. Roth Mkm restated a “buy” rating and set a $4.50 price objective on shares of Eos Energy Enterprises in a research report on Friday, June 28th. Finally, B. Riley raised Eos Energy Enterprises to a “hold” rating in a research note on Tuesday, June 25th.

Eos Energy Enterprises Stock Performance

EOSE opened at $3.14 on Wednesday. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $3.30. The firm has a market cap of $680.47 million, a P/E ratio of -4.55 and a beta of 2.40. The business’s fifty day moving average is $2.41 and its 200-day moving average is $1.57.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.11). The business had revenue of $0.90 million for the quarter, compared to analysts’ expectations of $4.38 million. On average, research analysts predict that Eos Energy Enterprises will post -0.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Eos Energy Enterprises

In other news, Director Jeffrey S. Bornstein sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $2.62, for a total value of $78,600.00. Following the completion of the transaction, the director now owns 84,929 shares of the company’s stock, valued at $222,513.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Joe Mastrangelo purchased 52,800 shares of Eos Energy Enterprises stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $1.43 per share, for a total transaction of $75,504.00. Following the transaction, the chief executive officer now owns 909,793 shares of the company’s stock, valued at approximately $1,301,003.99. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey S. Bornstein sold 30,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $2.62, for a total value of $78,600.00. Following the completion of the sale, the director now directly owns 84,929 shares of the company’s stock, valued at approximately $222,513.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Eos Energy Enterprises

A number of institutional investors have recently bought and sold shares of the company. Ground Swell Capital LLC bought a new stake in shares of Eos Energy Enterprises during the 2nd quarter valued at about $34,000. Scientech Research LLC acquired a new stake in shares of Eos Energy Enterprises during the 2nd quarter worth approximately $36,000. Price T Rowe Associates Inc. MD increased its stake in shares of Eos Energy Enterprises by 74.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock valued at $46,000 after acquiring an additional 18,735 shares in the last quarter. Duncan Williams Asset Management LLC acquired a new position in shares of Eos Energy Enterprises during the 3rd quarter valued at $62,000. Finally, Powell Investment Advisors LLC boosted its stake in Eos Energy Enterprises by 52.2% during the first quarter. Powell Investment Advisors LLC now owns 70,000 shares of the company’s stock worth $72,000 after acquiring an additional 24,000 shares in the last quarter. Institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Company Profile

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.