B. Riley Research Analysts Lower Earnings Estimates for EOSE

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) - Equities researchers at B. Riley dropped their FY2024 earnings estimates for Eos Energy Enterprises in a note issued to investors on Thursday, November 7th. B. Riley analyst R. Pfingst now anticipates that the company will post earnings per share of ($2.49) for the year, down from their prior estimate of ($0.82). The consensus estimate for Eos Energy Enterprises' current full-year earnings is ($2.08) per share. B. Riley also issued estimates for Eos Energy Enterprises' Q4 2024 earnings at ($0.22) EPS, FY2025 earnings at ($0.58) EPS and FY2026 earnings at ($0.16) EPS.

A number of other equities analysts have also recently commented on the stock. Stifel Nicolaus reaffirmed a "buy" rating and issued a $6.00 target price on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Roth Mkm cut their target price on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a "buy" rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $3.90.

Eos Energy Enterprises Stock Down 6.4 %

EOSE stock traded down $0.17 during midday trading on Monday, reaching $2.50. 7,147,738 shares of the company were exchanged, compared to its average volume of 6,794,125. Eos Energy Enterprises has a 1-year low of $0.61 and a 1-year high of $3.66. The stock's 50-day simple moving average is $2.87 and its 200 day simple moving average is $1.89.

Institutional Investors Weigh In On Eos Energy Enterprises

Several institutional investors have recently made changes to their positions in EOSE. Hollencrest Capital Management boosted its position in shares of Eos Energy Enterprises by 1,000.0% during the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company's stock worth $25,000 after purchasing an additional 7,500 shares in the last quarter. Ground Swell Capital LLC acquired a new position in shares of Eos Energy Enterprises during the 2nd quarter worth $34,000. Scientech Research LLC acquired a new position in shares of Eos Energy Enterprises during the 2nd quarter worth $36,000. Price T Rowe Associates Inc. MD raised its stake in shares of 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 buying an additional 18,735 shares during the last quarter. Finally, Focused Wealth Management Inc acquired a new position in shares of Eos Energy Enterprises during the 3rd quarter worth $46,000. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Eos Energy Enterprises

In related news, Director Jeffrey S. Bornstein sold 30,000 shares of Eos Energy Enterprises stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $2.62, for a total value of $78,600.00. Following the transaction, the director now directly owns 84,929 shares in the company, valued at $222,513.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.80% of the stock is currently owned by insiders.

About Eos Energy Enterprises

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.