Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives Consensus Rating of “Hold” from Analysts

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has been given a consensus rating of “Hold” by the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $10.9375.

A number of research analysts have issued reports on EOSE shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eos Energy Enterprises in a report on Tuesday, April 21st. Zacks Research upgraded shares of Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. 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 report on Thursday, March 5th. TD Cowen raised their target price on shares of Eos Energy Enterprises from $7.00 to $8.00 and gave the company a “hold” rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. cut their price objective on 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.

Eos Energy Enterprises Price Performance

Shares of NASDAQ:EOSE opened at $6.06 on Wednesday. The company has a market cap of $2.06 billion, a P/E ratio of -0.91 and a beta of 2.62. Eos Energy Enterprises has a 52 week low of $3.96 and a 52 week high of $19.86. The company has a 50-day moving average price of $7.08 and a 200 day moving average price of $9.99.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.12 EPS for the quarter, beating 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. Analysts expect that Eos Energy Enterprises will post -0.31 EPS for the current year.

Insider Activity

In related news, Director Marian Walters sold 7,681 shares of Eos Energy Enterprises stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $7.07, for a total transaction of $54,304.67. Following the completion of the transaction, the director directly owned 135,334 shares in the company, valued at $956,811.38. The trade was a 5.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.73% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EOSE. Inspire Investing LLC raised its holdings in Eos Energy Enterprises by 2.2% in the 4th quarter. Inspire Investing LLC now owns 41,442 shares of the company’s stock valued at $475,000 after acquiring an additional 882 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in Eos Energy Enterprises by 58.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,700 shares of the company’s stock valued at $31,000 after acquiring an additional 1,000 shares during the last quarter. GAMMA Investing LLC raised its holdings in Eos Energy Enterprises by 46.4% in the 4th quarter. GAMMA Investing LLC now owns 3,270 shares of the company’s stock valued at $37,000 after acquiring an additional 1,036 shares during the last quarter. Diversify Advisory Services LLC raised its holdings in Eos Energy Enterprises by 6.5% in the 3rd quarter. Diversify Advisory Services LLC now owns 17,124 shares of the company’s stock valued at $195,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings 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 valued at $66,000 after acquiring an additional 1,425 shares during the last quarter. 54.87% of the stock is currently 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.