Electron Capital Partners LLC Sells 1,249,222 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Electron Capital Partners LLC decreased its position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 17.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,802,362 shares of the company's stock after selling 1,249,222 shares during the quarter. Electron Capital Partners LLC owned about 2.79% of Eos Energy Enterprises worth $7,369,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Eos Energy Enterprises by 6.6% during the first quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company's stock valued at $9,657,000 after purchasing an additional 580,022 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Eos Energy Enterprises by 940.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 275,765 shares of the company's stock valued at $284,000 after acquiring an additional 249,265 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Eos Energy Enterprises in the 2nd quarter worth approximately $216,000. Cubist Systematic Strategies LLC grew its position in Eos Energy Enterprises by 138,544.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,485 shares of the company's stock worth $171,000 after purchasing an additional 134,388 shares in the last quarter. Finally, Black Maple Capital Management LP lifted its holdings in shares of Eos Energy Enterprises by 227.0% in the fourth quarter. Black Maple Capital Management LP now owns 151,248 shares of the company's stock valued at $165,000 after purchasing an additional 105,000 shares in the last quarter. Institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Stock Up 4.4 %

Shares of EOSE traded up $0.11 during mid-day trading on Thursday, hitting $2.59. 4,117,557 shares of the company's stock were exchanged, compared to its average volume of 6,714,354. The stock has a market cap of $561.28 million, a price-to-earnings ratio of -1.59 and a beta of 2.39. The firm has a fifty day moving average of $2.14 and a two-hundred day moving average of $1.40. Eos Energy Enterprises, Inc. has a twelve month low of $0.61 and a twelve month high of $2.81.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.11). The business had revenue of $0.90 million during the quarter, compared to the consensus estimate of $4.38 million. On average, equities analysts predict that Eos Energy Enterprises, Inc. will post -0.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Joe Mastrangelo bought 52,800 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of $1.43 per share, for a total transaction of $75,504.00. Following the purchase, the chief executive officer now owns 909,793 shares of the company's stock, valued at approximately $1,301,003.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Eos Energy Enterprises news, CEO Joe Mastrangelo acquired 52,800 shares of the business's stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of $1.43 per share, with a total value of $75,504.00. Following the transaction, the chief executive officer now owns 909,793 shares of the company's stock, valued at $1,301,003.99. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey S. Bornstein sold 30,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 84,929 shares in the company, valued at approximately $222,513.98. The disclosure for this sale can be found here. Company insiders own 4.06% of the company's stock.

Wall Street Analysts Forecast Growth

EOSE has been the subject of several research analyst reports. Stifel Nicolaus reissued a "buy" rating and issued a $6.00 price objective on shares of Eos Energy Enterprises in a research note on Wednesday, August 21st. B. Riley upgraded shares of Eos Energy Enterprises to a "hold" rating in a report on Tuesday, June 25th. Finally, Roth Mkm reiterated a "buy" rating and issued a $4.50 target price on shares of Eos Energy Enterprises in a research report on Friday, June 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.