ProShare Advisors LLC Buys 15,434 Shares of Eos Energy Enterprises, Inc. $EOSE

ProShare Advisors LLC grew its stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 38.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,210 shares of the company’s stock after acquiring an additional 15,434 shares during the period. ProShare Advisors LLC’s holdings in Eos Energy Enterprises were worth $283,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fiduciary Planning LLC purchased a new position in Eos Energy Enterprises in the second quarter valued at approximately $236,000. Cetera Investment Advisers bought a new stake in shares of Eos Energy Enterprises in the first quarter valued at $197,000. Vanguard Group Inc. lifted its position in shares of Eos Energy Enterprises by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 10,362,810 shares of the company’s stock valued at $39,171,000 after buying an additional 59,762 shares during the last quarter. Brightline Capital Management LLC lifted its position in shares of Eos Energy Enterprises by 2.9% during the 1st quarter. Brightline Capital Management LLC now owns 1,707,000 shares of the company’s stock valued at $6,452,000 after buying an additional 48,000 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in shares of Eos Energy Enterprises during the 2nd quarter worth $548,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Insider Buying and Selling at Eos Energy Enterprises

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EOSE shares. B. Riley boosted their price objective on Eos Energy Enterprises from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. TD Cowen boosted 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. Wall Street Zen downgraded shares of Eos Energy Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Jefferies Financial Group assumed coverage on shares of Eos Energy Enterprises in a research note on Friday, September 5th. They issued a “hold” rating and a $6.50 price objective for the company. Finally, Roth Capital set a $12.00 target price on Eos Energy Enterprises and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Eos Energy Enterprises currently has a consensus rating of “Hold” and an average price target of $11.93.

Eos Energy Enterprises Trading Down 4.0%

Shares of NASDAQ:EOSE opened at $12.36 on Friday. The company has a 50 day moving average of $13.75 and a 200 day moving average of $8.53. The stock has a market cap of $3.56 billion, a P/E ratio of -1.48 and a beta of 2.32. Eos Energy Enterprises, Inc. has a 12 month low of $2.46 and a 12 month high of $19.86.

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

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.