Nathan Kroeker Sells 79,309 Shares of Eos Energy Enterprises (NASDAQ:EOSE) Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) CFO Nathan Kroeker sold 79,309 shares of Eos Energy Enterprises stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $4.68, for a total value of $371,166.12. Following the sale, the chief financial officer directly owned 777,110 shares of the company’s stock, valued at $3,636,874.80. This trade represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nathan Kroeker also recently made the following trade(s):

• On Tuesday, June 30th, Nathan Kroeker sold 35,289 shares of Eos Energy Enterprises stock. The shares were sold at an average price of $5.86, for a total value of $206,793.54.

Eos Energy Enterprises Stock Down 4.9%

Shares of Eos Energy Enterprises stock opened at $4.51 on Thursday. Eos Energy Enterprises, Inc. has a 52 week low of $4.37 and a 52 week high of $19.86. The firm’s 50 day moving average is $7.03 and its two-hundred day moving average is $8.96. The firm has a market capitalization of $1.53 billion, a P/E ratio of -0.68 and a beta of 2.68.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.34. The company had revenue of $56.96 million for the quarter, compared to analysts’ expectations of $54.32 million. As a group, research analysts expect that Eos Energy Enterprises, Inc. will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Eos Energy Enterprises

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in Eos Energy Enterprises by 3,843.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,524 shares of the company’s stock valued at $29,000 after buying an additional 2,460 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Eos Energy Enterprises by 58.8% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,700 shares of the company’s stock worth $31,000 after buying an additional 1,000 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Eos Energy Enterprises in the 4th quarter worth $33,000. TD Waterhouse Canada Inc. lifted its stake in shares of Eos Energy Enterprises by 178.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,119 shares of the company’s stock worth $36,000 after acquiring an additional 2,000 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Eos Energy Enterprises by 46.4% in the fourth quarter. GAMMA Investing LLC now owns 3,270 shares of the company’s stock valued at $37,000 after acquiring an additional 1,036 shares in the last quarter. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Zacks Research upgraded shares of Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Needham & Company LLC started coverage on Eos Energy Enterprises in a research report on Friday, May 22nd. They set a “buy” rating and a $11.00 target price on the stock. Wall Street Zen downgraded Eos Energy Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. TD Cowen upped their target price on Eos Energy Enterprises from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Eos Energy Enterprises in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.94.

About Eos Energy Enterprises

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.