B. Riley Weighs in on Eos Energy Enterprises, Inc.’s Q1 2024 Earnings (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) – Research analysts at B. Riley lowered their Q1 2024 earnings estimates for shares of Eos Energy Enterprises in a research report issued to clients and investors on Wednesday, April 24th. B. Riley analyst C. Souther now expects that the company will earn ($0.33) per share for the quarter, down from their previous forecast of ($0.31). The consensus estimate for Eos Energy Enterprises’ current full-year earnings is ($0.77) per share. B. Riley also issued estimates for Eos Energy Enterprises’ Q2 2024 earnings at ($0.34) EPS, Q3 2024 earnings at ($0.35) EPS, Q4 2024 earnings at ($0.23) EPS, FY2024 earnings at ($1.23) EPS, FY2025 earnings at ($0.68) EPS and FY2026 earnings at $0.35 EPS.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its earnings results on Monday, March 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.06. The firm had revenue of $6.61 million during the quarter.

EOSE has been the topic of a number of other reports. Guggenheim lowered their target price on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Evercore ISI lowered their target price on shares of Eos Energy Enterprises from $12.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $6.08.

Eos Energy Enterprises Trading Up 7.7 %

NASDAQ:EOSE opened at $0.81 on Friday. Eos Energy Enterprises has a 1 year low of $0.70 and a 1 year high of $5.67. The firm’s fifty day simple moving average is $0.95 and its 200 day simple moving average is $1.14. The firm has a market capitalization of $163.30 million, a PE ratio of -0.37 and a beta of 2.23.

Institutional Trading of Eos Energy Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC bought a new position in shares of Eos Energy Enterprises during the 3rd quarter worth about $35,000. Grimes & Company Inc. bought a new position in shares of Eos Energy Enterprises during the 4th quarter worth about $44,000. Powell Investment Advisors LLC lifted its holdings in shares of Eos Energy Enterprises by 155.6% during the 4th quarter. Powell Investment Advisors LLC now owns 46,000 shares of the company’s stock worth $50,000 after acquiring an additional 28,000 shares during the period. Twin Focus Capital Partners LLC bought a new position in shares of Eos Energy Enterprises during the 3rd quarter worth about $54,000. Finally, Elevatus Welath Management bought a new position in shares of Eos Energy Enterprises during the 4th quarter worth about $70,000. 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.