Research Analysts Set Expectations for EOSE FY2024 Earnings

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) – Stock analysts at Seaport Res Ptn issued their FY2024 earnings per share estimates for shares of Eos Energy Enterprises in a research note issued on Tuesday, January 7th. Seaport Res Ptn analyst T. Curran forecasts that the company will post earnings of ($2.59) per share for the year. The consensus estimate for Eos Energy Enterprises’ current full-year earnings is ($2.52) per share. Seaport Res Ptn also issued estimates for Eos Energy Enterprises’ Q4 2024 earnings at ($0.28) EPS, Q1 2025 earnings at ($0.19) EPS, Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.44) EPS.

Separately, Roth Mkm lowered their price target on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Eos Energy Enterprises has an average rating of “Moderate Buy” and an average price target of $3.90.

Eos Energy Enterprises Price Performance

Shares of EOSE opened at $4.96 on Friday. The business has a 50-day moving average of $3.60 and a 200-day moving average of $2.79. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -2.06 and a beta of 2.09. Eos Energy Enterprises has a 1 year low of $0.61 and a 1 year high of $6.01.

Institutional Trading of Eos Energy Enterprises

Several large investors have recently modified their holdings of the stock. Tidal Investments LLC bought a new position in Eos Energy Enterprises during the third quarter worth $993,000. Virtu Financial LLC acquired a new position in shares of Eos Energy Enterprises during the third quarter valued at about $206,000. Geode Capital Management LLC boosted its position in shares of Eos Energy Enterprises by 18.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock worth $7,335,000 after purchasing an additional 376,494 shares in the last quarter. State Street Corp grew its stake in shares of Eos Energy Enterprises by 9.5% in the 3rd quarter. State Street Corp now owns 875,439 shares of the company’s stock valued at $2,600,000 after buying an additional 75,657 shares during the period. Finally, Walleye Capital LLC bought a new stake in Eos Energy Enterprises in the 3rd quarter valued at about $48,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

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.