Eos Energy Enterprises (NASDAQ:EOSE) Stock Price Down 8.7% – Should You Sell?

Eos Energy Enterprises, Inc. (NASDAQ:EOSE)’s share price fell 8.7% during trading on Wednesday . The stock traded as low as $17.11 and last traded at $16.9090. 7,761,194 shares were traded during mid-day trading, a decline of 42% from the average session volume of 13,431,260 shares. The stock had previously closed at $18.52.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EOSE. Zacks Research lowered Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eos Energy Enterprises in a research report on Wednesday, October 8th. Guggenheim lifted their price objective on Eos Energy Enterprises from $10.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group assumed coverage on Eos Energy Enterprises in a research note on Friday, September 5th. They issued a “hold” rating and a $6.50 price objective on the stock. Finally, B. Riley increased their target price on shares of Eos Energy Enterprises from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.93.

Eos Energy Enterprises Stock Down 6.7%

The company has a 50-day moving average price of $12.70 and a two-hundred day moving average price of $8.07. The stock has a market capitalization of $4.49 billion, a P/E ratio of -2.07 and a beta of 2.32.

Eos Energy Enterprises (NASDAQ:EOSE) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($2.77) 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, sell-side analysts expect that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current year.

Insider Buying and Selling at Eos Energy Enterprises

In other Eos Energy Enterprises news, CAO Sumeet Puri sold 40,501 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $7.11, for a total value of $287,962.11. Following the transaction, the chief accounting officer directly owned 164,290 shares in the company, valued at $1,168,101.90. This represents a 19.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marian Walters sold 50,000 shares of Eos Energy Enterprises 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 approximately $1,056,972.60. This trade represents a 27.20% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On Eos Energy Enterprises

Hedge funds have recently bought and sold shares of the stock. Chung Wu Investment Group LLC bought a new position in shares of Eos Energy Enterprises in the 3rd quarter worth $30,000. SBI Securities Co. Ltd. lifted its holdings in shares of Eos Energy Enterprises by 588.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company’s stock worth $38,000 after acquiring an additional 8,602 shares during the last quarter. Farther Finance Advisors LLC grew its position in Eos Energy Enterprises by 33.0% in the third quarter. Farther Finance Advisors LLC now owns 3,325 shares of the company’s stock worth $38,000 after acquiring an additional 825 shares in the last quarter. Elevatus Welath Management bought a new position in Eos Energy Enterprises in the first quarter valued at $39,000. Finally, Amalgamated Bank purchased a new stake in Eos Energy Enterprises during the second quarter valued at about $39,000. 54.87% of the stock is currently owned by institutional investors.

About Eos Energy Enterprises

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.