Nathan Kroeker Sells 110,417 Shares of Eos Energy Enterprises (NASDAQ:EOSE) Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) insider Nathan Kroeker sold 110,417 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $3.36, for a total transaction of $371,001.12. Following the completion of the sale, the insider directly owned 887,527 shares in the company, valued at $2,982,090.72. This represents a 11.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nathan Kroeker also recently made the following trade(s):

• On Tuesday, July 7th, Nathan Kroeker sold 79,309 shares of Eos Energy Enterprises stock. The shares were sold at an average price of $4.68, for a total transaction of $371,166.12.
• On Tuesday, June 30th, Nathan Kroeker sold 35,289 shares of Eos Energy Enterprises stock. The stock was sold at an average price of $5.86, for a total transaction of $206,793.54.

Eos Energy Enterprises Price Performance

Shares of NASDAQ:EOSE opened at $3.12 on Thursday. The company’s fifty day moving average price is $6.04 and its 200-day moving average price is $8.06. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -0.47 and a beta of 2.68. Eos Energy Enterprises, Inc. has a one year low of $3.11 and a one year high of $19.86.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its earnings results on Wednesday, May 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.34. The company had revenue of $56.96 million during the quarter, compared to analysts’ expectations of $54.32 million. As a group, equities research analysts expect that Eos Energy Enterprises, Inc. will post -0.32 EPS for the current year.

Trending Headlines about Eos Energy Enterprises

Here are the key news stories impacting Eos Energy Enterprises this week:

• Positive Sentiment: Eos batteries are expected to be used in Bimergen Energy’s recently closed 480 MWh Texas battery-storage portfolio, including the 100 MW/400 MWh Redbird project. The deal offers potential equipment demand and technology validation for Eos, although no contract value or revenue timing was disclosed. Bimergen Energy battery storage project sales
• Positive Sentiment: Analysts expect Eos to potentially beat estimates in its upcoming results, supported by the company’s previous quarterly outperformance. Eos most recently reported $0.12 in EPS versus a projected $0.22 loss and revenue of $56.96 million versus a $54.32 million consensus estimate. Zacks Eos earnings expectations
• Neutral Sentiment: Eos was expected to report quarterly earnings on Wednesday. The results, guidance and commentary on production, project execution and cash needs could determine whether the stock’s sharp decline can stabilize. Eos expected earnings report
• Negative Sentiment: CEO Joe Mastrangelo sold 159,154 shares for approximately $574,546, reducing his direct holdings by 7.55%. Chief Accounting Officer Sumeet Puri sold 29,167 shares worth about $98,001, cutting his position by 12.60%. Eos insider selling and one-year low
• Negative Sentiment: Insider Nathan Kroeker also sold 110,417 shares for roughly $371,001, reducing his holdings by 11.06%. The Puri and Kroeker transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, which reduces—but does not eliminate—their negative signaling effect.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EOSE shares. Needham & Company LLC started coverage on Eos Energy Enterprises in a research report on Friday, May 22nd. They set a “buy” rating and a $11.00 price objective on the stock. Wall Street Zen downgraded shares of Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Truist Financial initiated coverage on Eos Energy Enterprises in a research note on Monday, July 13th. They set a “buy” rating and a $7.00 price objective for the company. TD Cowen increased their target price on shares of Eos Energy Enterprises from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Thursday, May 14th. Finally, Zacks Research raised Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.17.

Institutional Investors Weigh In On Eos Energy Enterprises

Hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC boosted its stake in Eos Energy Enterprises by 2.2% in the 4th quarter. Inspire Investing LLC now owns 41,442 shares of the company’s stock worth $475,000 after purchasing an additional 882 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Eos Energy Enterprises by 58.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,700 shares of the company’s stock worth $31,000 after buying an additional 1,000 shares during the last quarter. GAMMA Investing LLC boosted its position in Eos Energy Enterprises by 46.4% in the fourth quarter. GAMMA Investing LLC now owns 3,270 shares of the company’s stock worth $37,000 after purchasing an additional 1,036 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of Eos Energy Enterprises by 6.5% in the third quarter. Diversify Advisory Services LLC now owns 17,124 shares of the company’s stock worth $195,000 after buying an additional 1,049 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Eos Energy Enterprises by 33.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,732 shares of the company’s stock valued at $66,000 after acquiring an additional 1,425 shares during the period. 54.87% of the stock is owned by institutional investors.

About Eos Energy Enterprises

Eos Energy Enterprises specializes in the development and deployment of scalable, long-duration energy storage systems designed to support the integration of renewable power and enhance grid reliability. The company’s core technology centers on its proprietary zinc hybrid cathode (Znyth™) battery platform, which aims to deliver safe, low-cost, and durable performance for utility, commercial and industrial, and microgrid applications.

The company’s flagship product, the Aurora™ energy storage system, combines its Znyth™ cells with modular power conversion and controls to offer flexible capacity ranging from one to three hours of discharge duration.