Stock Traders Purchase High Volume of Eos Energy Enterprises Call Options (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) saw some unusual options trading activity on Tuesday. Traders acquired 34,343 call options on the stock. This is an increase of 431% compared to the typical volume of 6,471 call options.

Institutional Investors Weigh In On Eos Energy Enterprises

Several large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position 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 purchasing an additional 18,735 shares during the last quarter. American International Group Inc. raised its position in Eos Energy Enterprises by 41.2% during the first quarter. American International Group Inc. now owns 75,555 shares of the company's stock worth $78,000 after acquiring an additional 22,056 shares during the period. Powell Investment Advisors LLC raised its position in Eos Energy Enterprises by 52.2% during the first quarter. Powell Investment Advisors LLC now owns 70,000 shares of the company's stock worth $72,000 after acquiring an additional 24,000 shares during the period. Black Maple Capital Management LP raised its position in Eos Energy Enterprises by 19.8% during the first quarter. Black Maple Capital Management LP now owns 181,248 shares of the company's stock worth $187,000 after acquiring an additional 30,000 shares during the period. Finally, Elevatus Welath Management raised its position in shares of Eos Energy Enterprises by 50.0% in the first quarter. Elevatus Welath Management now owns 96,267 shares of the company's stock valued at $99,000 after buying an additional 32,090 shares during the last quarter. Institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Stock Down 1.0 %

EOSE traded down $0.02 on Tuesday, reaching $1.92. 8,273,287 shares of the company traded hands, compared to its average volume of 6,438,005. Eos Energy Enterprises has a one year low of $0.61 and a one year high of $5.05. The firm has a fifty day simple moving average of $0.92 and a two-hundred day simple moving average of $0.96. The company has a market cap of $399.61 million, a P/E ratio of -1.24 and a beta of 2.38.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.01. The business had revenue of $6.60 million during the quarter, compared to the consensus estimate of $6.57 million. On average, equities analysts forecast that Eos Energy Enterprises will post -0.7 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on EOSE shares. B. Riley raised shares of Eos Energy Enterprises to a "hold" rating in a research note on Tuesday, June 25th. Stifel Nicolaus reissued a "buy" rating and issued a $13.00 price objective on shares of Eos Energy Enterprises in a research note on Wednesday, May 15th. TD Cowen dropped their price objective on shares of Eos Energy Enterprises from $3.00 to $2.50 and set a "hold" rating for the company in a research note on Thursday, May 16th. Roth Mkm reissued 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, Evercore ISI dropped their price objective on shares of Eos Energy Enterprises from $7.00 to $3.00 and set an "outperform" rating for the company in a research note on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.83.

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.