Fiduciary Planning LLC Increases Holdings in Eos Energy Enterprises, Inc. $EOSE

Fiduciary Planning LLC grew its stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 161.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 120,299 shares of the company’s stock after purchasing an additional 74,299 shares during the quarter. Fiduciary Planning LLC’s holdings in Eos Energy Enterprises were worth $1,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EOSE. Farther Finance Advisors LLC boosted its stake in Eos Energy Enterprises by 33.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,325 shares of the company’s stock worth $38,000 after purchasing an additional 825 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Eos Energy Enterprises by 23.6% in the second quarter. SBI Securities Co. Ltd. now owns 12,444 shares of the company’s stock worth $64,000 after buying an additional 2,379 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Eos Energy Enterprises by 7.9% in the second quarter. Teacher Retirement System of Texas now owns 34,348 shares of the company’s stock worth $176,000 after buying an additional 2,501 shares during the last quarter. Montag A & Associates Inc. lifted its stake in shares of Eos Energy Enterprises by 18.0% in the second quarter. Montag A & Associates Inc. now owns 18,359 shares of the company’s stock worth $94,000 after buying an additional 2,800 shares in the last quarter. Finally, Landscape Capital Management L.L.C. grew its holdings in shares of Eos Energy Enterprises by 5.8% during the first quarter. Landscape Capital Management L.L.C. now owns 54,711 shares of the company’s stock valued at $207,000 after buying an additional 2,980 shares during the last quarter. 54.87% of the stock is currently owned by institutional investors.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ:EOSE opened at $12.06 on Thursday. The stock’s 50-day simple moving average is $14.55 and its two-hundred day simple moving average is $9.84. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of -1.44 and a beta of 2.15. Eos Energy Enterprises, Inc. has a 52-week low of $3.07 and a 52-week high of $19.86.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($2.77) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($2.46). The firm had revenue of $30.51 million for the quarter, compared to analysts’ expectations of $39.55 million. As a group, equities analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.

Insider Activity at Eos Energy Enterprises

In other news, Director Marian Walters sold 50,000 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $15.81, for a total value of $790,500.00. Following the completion of the sale, the director directly owned 135,334 shares of the company’s stock, valued at $2,139,630.54. This represents a 26.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Russell Monoki Stidolph sold 29,999 shares of Eos Energy Enterprises stock in a transaction on Monday, December 8th. The shares were sold at an average price of $15.36, for a total transaction of $460,784.64. Following the transaction, the director owned 2,123,273 shares in the company, valued at approximately $32,613,473.28. This trade represents a 1.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 816,134 shares of company stock valued at $12,262,335 over the last three months. 3.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

EOSE has been the topic of several analyst reports. Wall Street Zen cut Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Roth Capital set a $12.00 price target on Eos Energy Enterprises and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. started coverage on Eos Energy Enterprises in a report on Wednesday, December 17th. They set a “neutral” rating and a $16.00 price target on the stock. Jefferies Financial Group assumed coverage on Eos Energy Enterprises in a report on Friday, September 5th. They issued a “hold” rating and a $6.50 price objective for the company. Finally, B. Riley upped their target price on shares of Eos Energy Enterprises from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.44.

Eos Energy Enterprises Profile

Eos Energy Enterprises specializes in the development and deployment of scalable, long-duration energy storage systems designed to support the integration of renewable power and enhance grid reliability. The company’s core technology centers on its proprietary zinc hybrid cathode (Znyth™) battery platform, which aims to deliver safe, low-cost, and durable performance for utility, commercial and industrial, and microgrid applications.

The company’s flagship product, the Aurora™ energy storage system, combines its Znyth™ cells with modular power conversion and controls to offer flexible capacity ranging from one to three hours of discharge duration.