Eos Energy Enterprises (NASDAQ:EOSE) Director Acquires $19,200.00 in Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Director Haiyan Song purchased 5,000 shares of the business’s stock in a transaction on Monday, September 14th. The stock was purchased at an average cost of $3.84 per share, with a total value of $19,200.00. Following the completion of the acquisition, the director owned 15,000 shares in the company, valued at approximately $57,600. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Haiyan Song also recently made the following trade(s):

• On Friday, September 11th, Haiyan Song purchased 10,000 shares of Eos Energy Enterprises stock. The stock was purchased at an average cost of $3.95 per share, for a total transaction of $39,500.00.

Eos Energy Enterprises Stock Performance

Shares of EOSE stock opened at $3.98 on Friday. Eos Energy Enterprises, Inc. has a 52-week low of $3.01 and a 52-week high of $19.86. The company has a market capitalization of $1.45 billion, a PE ratio of -0.58 and a beta of 2.77. The business’s fifty day moving average is $3.83 and its 200 day moving average is $5.56.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its earnings results on Wednesday, August 5th. The company reported ($1.20) EPS for the quarter, missing the consensus estimate of ($0.19) by ($1.01). The company had revenue of $68.78 million during the quarter, compared to analyst estimates of $68.32 million. During the same period last year, the firm posted ($1.05) EPS. On average, sell-side analysts forecast that Eos Energy Enterprises, Inc. will post -1.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Eos Energy Enterprises

Institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC bought a new position in shares of Eos Energy Enterprises during the 2nd quarter valued at $117,000. Tidal Investments LLC lifted its stake in Eos Energy Enterprises by 151.0% in the second quarter. Tidal Investments LLC now owns 649,111 shares of the company’s stock worth $3,817,000 after purchasing an additional 390,461 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Eos Energy Enterprises in the second quarter worth $920,000. Baird Financial Group Inc. boosted its position in Eos Energy Enterprises by 9.4% during the second quarter. Baird Financial Group Inc. now owns 863,479 shares of the company’s stock valued at $5,077,000 after buying an additional 74,338 shares during the period. Finally, Allworth Financial LP boosted its position in Eos Energy Enterprises by 198.6% during the second quarter. Allworth Financial LP now owns 4,300 shares of the company’s stock valued at $25,000 after buying an additional 2,860 shares during the period. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EOSE. Stifel Nicolaus decreased their price objective on shares of Eos Energy Enterprises from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Eos Energy Enterprises in a research note on Friday, July 17th. Truist Financial assumed coverage on shares of Eos Energy Enterprises in a report on Monday, July 13th. They issued a “buy” rating and a $7.00 price target on the stock. Roth Capital raised their price objective on shares of Eos Energy Enterprises from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 10th. Finally, TD Cowen cut their target price on shares of Eos Energy Enterprises from $8.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Eos Energy Enterprises currently has a consensus rating of “Hold” and an average price target of $8.19.

About Eos Energy Enterprises

Eos Energy Enterprises, Inc develops and manufactures long-duration energy storage systems designed to support the reliability and flexibility of electric grids. Its technology is based on aqueous zinc battery chemistry, which is intended to provide a non-flammable alternative to conventional lithium-ion batteries for stationary storage applications.

The company’s primary product platform is the Eos Z3, a modular battery system designed for utility-scale and other large-scale energy storage projects.