Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Director Sells $78,600.00 in Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Director Jeffrey S. Bornstein sold 30,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $2.62, for a total transaction of $78,600.00. Following the transaction, the director now directly owns 84,929 shares in the company, valued at $222,513.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Eos Energy Enterprises Trading Up 0.7 %

Shares of EOSE traded up $0.02 during trading hours on Monday, reaching $2.75. 7,723,557 shares of the stock traded hands, compared to its average volume of 6,755,221. The stock has a fifty day simple moving average of $2.08 and a 200 day simple moving average of $1.33. Eos Energy Enterprises, Inc. has a 52 week low of $0.61 and a 52 week high of $2.81. The company has a market cap of $572.35 million, a price-to-earnings ratio of -1.76 and a beta of 2.39.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.11). The company had revenue of $0.90 million for the quarter, compared to analyst estimates of $4.38 million. Analysts predict that Eos Energy Enterprises, Inc. will post -0.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on EOSE. Stifel Nicolaus reissued a “buy” rating and set a $6.00 target price on shares of Eos Energy Enterprises in a research note on Wednesday, August 21st. Roth Mkm reaffirmed a “buy” rating and issued a $4.50 price objective on shares of Eos Energy Enterprises in a research note on Friday, June 28th. Finally, B. Riley raised shares of Eos Energy Enterprises to a “hold” rating in a research note on Tuesday, June 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $3.67.

Institutional Trading of Eos Energy Enterprises

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Eos Energy Enterprises by 6.6% during the first quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company’s stock worth $9,657,000 after buying an additional 580,022 shares during the last quarter. Evercore Wealth Management LLC increased its stake in shares of Eos Energy Enterprises by 31.8% in the fourth quarter. Evercore Wealth Management LLC now owns 145,000 shares of the company’s stock worth $158,000 after purchasing an additional 35,000 shares in the last quarter. Electron Capital Partners LLC increased its stake in shares of Eos Energy Enterprises by 226.6% in the fourth quarter. Electron Capital Partners LLC now owns 6,958,125 shares of the company’s stock worth $7,584,000 after purchasing an additional 4,827,586 shares in the last quarter. Black Maple Capital Management LP increased its stake in shares of Eos Energy Enterprises by 227.0% in the fourth quarter. Black Maple Capital Management LP now owns 151,248 shares of the company’s stock worth $165,000 after purchasing an additional 105,000 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of Eos Energy Enterprises by 940.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 275,765 shares of the company’s stock worth $284,000 after purchasing an additional 249,265 shares in the last quarter. Hedge funds and other institutional investors own 54.87% of the company’s stock.

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.