Eos Energy Enterprises (NASDAQ:EOSE) Director Acquires $39,500.00 in Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Director Haiyan Song purchased 10,000 shares of Eos Energy Enterprises stock in a transaction on Friday, September 11th. The shares were acquired at an average cost of $3.95 per share, with a total value of $39,500.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at $39,500. The trade was a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, September 14th, Haiyan Song acquired 5,000 shares of Eos Energy Enterprises stock. The shares were acquired at an average price of $3.84 per share, with a total value of $19,200.00.

Eos Energy Enterprises Price Performance

EOSE stock opened at $3.98 on Friday. The company has a market capitalization of $1.45 billion, a P/E ratio of -0.58 and a beta of 2.77. Eos Energy Enterprises, Inc. has a 12 month low of $3.01 and a 12 month high of $19.86. The firm’s fifty day simple moving average is $3.83 and its 200-day simple moving average is $5.56.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its earnings results on Wednesday, August 5th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($1.01). The company had revenue of $68.78 million for the quarter, compared to analysts’ expectations of $68.32 million. During the same period in the previous year, the business posted ($1.05) earnings per share. As a group, sell-side analysts forecast that Eos Energy Enterprises, Inc. will post -1.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of Eos Energy Enterprises by 33.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,732 shares of the company’s stock valued at $66,000 after purchasing an additional 1,425 shares during the last quarter. KPP Advisory Services LLC boosted its stake in Eos Energy Enterprises by 16.2% during the first quarter. KPP Advisory Services LLC now owns 16,480 shares of the company’s stock worth $82,000 after buying an additional 2,295 shares during the last quarter. Allworth Financial LP grew its holdings in Eos Energy Enterprises by 198.6% in the 2nd 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 in the last quarter. Global Retirement Partners LLC grew its holdings in Eos Energy Enterprises by 52.2% in the 4th quarter. Global Retirement Partners LLC now owns 9,130 shares of the company’s stock valued at $105,000 after buying an additional 3,130 shares in the last quarter. Finally, Swiss Life Asset Management Ltd increased its stake in shares of Eos Energy Enterprises by 31.3% in the 4th quarter. Swiss Life Asset Management Ltd now owns 14,796 shares of the company’s stock worth $170,000 after acquiring an additional 3,523 shares during the last quarter. Institutional investors and hedge funds own 54.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EOSE shares. Roth Capital boosted their price objective on Eos Energy Enterprises from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, September 10th. Wall Street Zen cut Eos Energy Enterprises from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Stifel Nicolaus reduced their price target on Eos Energy Enterprises from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Needham & Company LLC decreased their price target on Eos Energy Enterprises from $11.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday. Finally, B. Riley Financial lowered their price objective on Eos Energy Enterprises from $8.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.19.

Eos Energy Enterprises Company Profile

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.