Eos Energy Enterprises (NASDAQ:EOSE) CFO Sells $371,166.12 in Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) CFO Nathan Kroeker sold 79,309 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $4.68, for a total transaction of $371,166.12. Following the completion of the sale, the chief financial officer directly owned 777,110 shares of the company’s stock, valued at approximately $3,636,874.80. This trade represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nathan Kroeker also recently made the following trade(s):

• On Tuesday, June 30th, Nathan Kroeker sold 35,289 shares of Eos Energy Enterprises stock. The stock was sold at an average price of $5.86, for a total transaction of $206,793.54.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ:EOSE traded down $0.33 on Tuesday, hitting $4.73. 55,070,194 shares of the company were exchanged, compared to its average volume of 25,320,756. The company’s 50 day moving average price is $7.15 and its two-hundred day moving average price is $9.07. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -0.71 and a beta of 2.68. Eos Energy Enterprises, Inc. has a one year low of $4.37 and a one year high of $19.86.

Eos Energy Enterprises (NASDAQ:EOSE) last released its earnings results on Wednesday, May 13th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.34. The firm had revenue of $56.96 million for the quarter, compared to analyst estimates of $54.32 million. Research analysts predict that Eos Energy Enterprises, Inc. will post -0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EOSE. Needham & Company LLC initiated coverage on Eos Energy Enterprises in a research report on Friday, May 22nd. They set a “buy” rating and a $11.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eos Energy Enterprises in a research report on Tuesday, April 21st. TD Cowen lifted their price target on shares of Eos Energy Enterprises from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Thursday, May 14th. Zacks Research raised shares of Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Eos Energy Enterprises from $9.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.94.

Institutional Investors Weigh In On Eos Energy Enterprises

Several large investors have recently modified their holdings of EOSE. PNC Financial Services Group Inc. lifted its position in shares of Eos Energy Enterprises by 3,843.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,524 shares of the company’s stock worth $29,000 after buying an additional 2,460 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in Eos Energy Enterprises by 58.8% in the fourth 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 period. Danske Bank A S acquired a new position in Eos Energy Enterprises during the fourth quarter worth $33,000. TD Waterhouse Canada Inc. raised its stake in Eos Energy Enterprises by 178.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,119 shares of the company’s stock worth $36,000 after acquiring an additional 2,000 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Eos Energy Enterprises by 46.4% during the fourth 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 period. 54.87% of the stock is currently owned by institutional investors.

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.