Eos Energy Enterprises (NASDAQ:EOSE) Sees Unusually-High Trading Volume – Here’s Why

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) saw an uptick in trading volume on Thursday . 14,905,575 shares were traded during trading, an increase of 7% from the previous session’s volume of 13,932,521 shares.The stock last traded at $14.0530 and had previously closed at $12.78.

Wall Street Analysts Forecast Growth

EOSE has been the topic of a number of research analyst reports. TD Cowen raised their target price on Eos Energy Enterprises from $5.50 to $6.00 and gave the company a “hold” rating in a report on Friday, August 1st. B. Riley upped their price target on Eos Energy Enterprises from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Wall Street Zen downgraded Eos Energy Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Zacks Research downgraded Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Finally, Jefferies Financial Group began 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 on the stock. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Eos Energy Enterprises presently has an average rating of “Hold” and an average target price of $11.93.

Eos Energy Enterprises Trading Down 0.0%

The stock has a market cap of $3.68 billion, a price-to-earnings ratio of -1.53 and a beta of 2.32. The company has a 50 day simple moving average of $13.55 and a 200-day simple moving average of $8.42.

Eos Energy Enterprises (NASDAQ:EOSE) last released its 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 during the quarter, compared to analysts’ expectations of $39.55 million. Eos Energy Enterprises has set its FY 2025 guidance at EPS. Equities analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

Insider Transactions at Eos Energy Enterprises

In related news, Director Marian Walters sold 50,000 shares of the company’s 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 sale, the director owned 133,794 shares in the company, valued at approximately $1,056,972.60. This represents a 27.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Sumeet Puri sold 40,501 shares of the stock in a transaction that occurred 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 directly owned 164,290 shares of the company’s stock, valued at $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 insiders.

Hedge Funds Weigh In On Eos Energy Enterprises

A number of institutional investors have recently added to or reduced their stakes in EOSE. Chung Wu Investment Group LLC bought a new stake in shares of Eos Energy Enterprises in the 3rd quarter valued at about $30,000. Farther Finance Advisors LLC grew its holdings in Eos Energy Enterprises by 33.0% during the third quarter. Farther Finance Advisors LLC now owns 3,325 shares of the company’s stock worth $38,000 after purchasing an additional 825 shares during the period. Elevatus Welath Management acquired a new position in Eos Energy Enterprises during the first quarter worth approximately $39,000. Amalgamated Bank acquired a new stake in shares of Eos Energy Enterprises in the second quarter valued at approximately $39,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Eos Energy Enterprises during the 2nd quarter worth approximately $39,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

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.