Jeffrey S. Bornstein Sells 30,000 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Stock

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

Eos Energy Enterprises Trading Down 3.2 %

EOSE opened at $2.45 on Thursday. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $2.81. The company has a market cap of $509.91 million, a PE ratio of -1.57 and a beta of 2.39. The company has a 50 day moving average of $2.10 and a 200 day moving average of $1.35.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Ground Swell Capital LLC bought a new stake in shares of Eos Energy Enterprises during the second quarter valued at about $34,000. Scientech Research LLC purchased a new position in Eos Energy Enterprises during the second quarter valued at approximately $36,000. Price T Rowe Associates Inc. MD increased its holdings in Eos Energy Enterprises by 74.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock worth $46,000 after acquiring an additional 18,735 shares during the period. Elevatus Welath Management bought a new stake in Eos Energy Enterprises during the 4th quarter worth approximately $70,000. Finally, Powell Investment Advisors LLC lifted its stake in Eos Energy Enterprises by 52.2% in the 1st quarter. Powell Investment Advisors LLC now owns 70,000 shares of the company’s stock worth $72,000 after purchasing an additional 24,000 shares in the last quarter. Institutional investors own 54.87% of the company’s stock.

Wall Street Analyst Weigh In

EOSE has been the topic of a number of research reports. Roth Mkm reaffirmed a “buy” rating and issued a $4.50 price target on shares of Eos Energy Enterprises in a report on Friday, June 28th. Stifel Nicolaus restated a “buy” rating and issued a $6.00 target price on shares of Eos Energy Enterprises in a research note on Wednesday, August 21st. Finally, B. Riley raised Eos Energy Enterprises to a “hold” rating in a research report on Tuesday, June 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3.67.

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.