10,084 Shares in Eos Energy Enterprises, Inc. $EOSE Acquired by Sfmg LLC

Sfmg LLC purchased a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,084 shares of the company’s stock, valued at approximately $52,000.

Several other institutional investors also recently made changes to their positions in the stock. Elevatus Welath Management acquired a new stake in shares of Eos Energy Enterprises during the 1st quarter worth $39,000. Amalgamated Bank purchased a new stake in Eos Energy Enterprises during the second quarter valued at about $39,000. Baxter Bros Inc. acquired a new stake in Eos Energy Enterprises during the second quarter worth about $51,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Eos Energy Enterprises by 233.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 13,767 shares of the company’s stock worth $52,000 after purchasing an additional 9,640 shares during the period. Finally, Ensign Peak Advisors Inc purchased a new position in shares of Eos Energy Enterprises in the 2nd quarter worth about $54,000. 54.87% of the stock is owned by hedge funds and other institutional investors.

Eos Energy Enterprises Stock Performance

Eos Energy Enterprises stock opened at $12.36 on Friday. The firm has a market capitalization of $3.56 billion, a PE ratio of -1.48 and a beta of 2.32. Eos Energy Enterprises, Inc. has a one year low of $2.46 and a one year high of $19.86. The stock’s 50 day moving average price is $13.75 and its 200 day moving average price is $8.53.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($2.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($2.46). The firm had revenue of $30.51 million for the quarter, compared to the consensus estimate of $39.55 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. On average, analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Eos Energy Enterprises

In other Eos Energy Enterprises news, CAO Sumeet Puri sold 40,501 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $7.11, for a total value of $287,962.11. Following the transaction, the chief accounting officer owned 164,290 shares in the company, valued at $1,168,101.90. The trade was a 19.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marian Walters sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $7.90, for a total value of $395,000.00. Following the sale, the director owned 133,794 shares of the company’s stock, valued at $1,056,972.60. This represents a 27.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EOSE. B. Riley boosted their target price on Eos Energy Enterprises from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. TD Cowen lifted their price target on shares of Eos Energy Enterprises from $5.50 to $6.00 and gave the company a “hold” rating in a research report on Friday, August 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eos Energy Enterprises in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Guggenheim lifted their target price on shares of Eos Energy Enterprises from $10.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Eos Energy Enterprises has a consensus rating of “Hold” and a consensus price target of $11.93.

Eos Energy Enterprises 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.