Eos Energy Enterprises, Inc. (NASDAQ:EOSE – Get Free Report) Director Jeffrey S. Bornstein sold 30,000 shares of the firm’s stock in a transaction on 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 directly owns 84,929 shares of the company’s stock, valued at $222,513.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Eos Energy Enterprises Price Performance
NASDAQ:EOSE opened at $2.75 on Tuesday. The firm has a market capitalization of $572.35 million, a price-to-earnings ratio of -1.76 and a beta of 2.39. The business has a 50 day simple moving average of $2.08 and a 200-day simple moving average of $1.33. Eos Energy Enterprises, Inc. has a 1 year low of $0.61 and a 1 year high of $2.81.
Eos Energy Enterprises (NASDAQ:EOSE – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.11). The company had revenue of $0.90 million during the quarter, compared to the consensus estimate of $4.38 million. As a group, analysts expect that Eos Energy Enterprises, Inc. will post -0.78 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Eos Energy Enterprises
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $6.00 price objective on shares of Eos Energy Enterprises in a research report on Wednesday, August 21st. Roth Mkm reaffirmed 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, B. Riley raised Eos Energy Enterprises to a “hold” rating in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $3.67.
View Our Latest Stock Report on EOSE
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.
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