Research Analysts Set Expectations for EOSE FY2024 Earnings

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) - Stock analysts at Roth Capital cut their FY2024 earnings estimates for shares of Eos Energy Enterprises in a research note issued to investors on Wednesday, November 6th. Roth Capital analyst C. Moore now expects that the company will post earnings per share of ($2.50) for the year, down from their prior estimate of ($0.76). The consensus estimate for Eos Energy Enterprises' current full-year earnings is ($2.08) per share. Roth Capital also issued estimates for Eos Energy Enterprises' Q4 2024 earnings at ($0.21) EPS, Q1 2025 earnings at ($0.21) EPS, Q2 2025 earnings at ($0.14) EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at ($0.08) EPS and FY2025 earnings at ($0.55) EPS.

A number of other analysts have also recently commented on the stock. Stifel Nicolaus reiterated a "buy" rating and issued a $6.00 target price on shares of Eos Energy Enterprises in a research note on Wednesday, August 21st. Roth Mkm decreased their price objective on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Eos Energy Enterprises presently has an average rating of "Moderate Buy" and an average target price of $3.90.

Eos Energy Enterprises Stock Down 6.4 %

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EOSE. Hollencrest Capital Management boosted its stake in shares of Eos Energy Enterprises by 1,000.0% in the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company's stock valued at $25,000 after purchasing an additional 7,500 shares during the period. Ground Swell Capital LLC purchased a new position in shares of Eos Energy Enterprises in the second quarter valued at approximately $34,000. Scientech Research LLC purchased a new position in shares of Eos Energy Enterprises in the second quarter valued at approximately $36,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Eos Energy Enterprises by 74.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company's stock valued at $46,000 after purchasing an additional 18,735 shares during the period. Finally, Focused Wealth Management Inc purchased a new position in shares of Eos Energy Enterprises in the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 54.87% of the company's stock.

Insider Transactions at Eos Energy Enterprises

In other news, Director Jeffrey S. Bornstein sold 30,000 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $2.62, for a total transaction of $78,600.00. Following the transaction, the director now owns 84,929 shares of the company's stock, valued at approximately $222,513.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.80% of the company's stock.

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.