Electron Capital Partners LLC Has $35.74 Million Stake in Eos Energy Enterprises, Inc. $EOSE

Electron Capital Partners LLC boosted its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 39.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,979,422 shares of the company’s stock after buying an additional 1,989,144 shares during the period. Eos Energy Enterprises makes up about 1.9% of Electron Capital Partners LLC’s investment portfolio, making the stock its 18th biggest position. Electron Capital Partners LLC owned approximately 2.69% of Eos Energy Enterprises worth $35,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers bought a new stake in shares of Eos Energy Enterprises during the 1st quarter valued at $197,000. Vanguard Group Inc. grew its stake in shares of Eos Energy Enterprises by 0.6% during the first quarter. Vanguard Group Inc. now owns 10,362,810 shares of the company’s stock worth $39,171,000 after purchasing an additional 59,762 shares during the period. Virtu Financial LLC bought a new stake in Eos Energy Enterprises in the first quarter valued at about $296,000. Elevatus Welath Management bought a new stake in Eos Energy Enterprises in the first quarter valued at about $39,000. Finally, Hsbc Holdings PLC acquired a new position in Eos Energy Enterprises in the first quarter valued at about $167,000. 54.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Russell Monoki Stidolph sold 29,999 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $15.36, for a total value of $460,784.64. Following the sale, the director directly owned 2,123,273 shares of the company’s stock, valued at approximately $32,613,473.28. The trade was a 1.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Marian Walters sold 50,000 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $15.81, for a total value of $790,500.00. Following the transaction, the director owned 135,334 shares of the company’s stock, valued at approximately $2,139,630.54. This trade represents a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 816,134 shares of company stock worth $12,262,335. 3.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EOSE has been the subject of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Eos Energy Enterprises in a research report on Wednesday, October 8th. B. Riley lifted their price objective on shares of Eos Energy Enterprises from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Stifel Nicolaus boosted their price objective on shares of Eos Energy Enterprises from $10.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Wall Street Zen downgraded shares of Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Roth Capital set a $12.00 price target on shares of Eos Energy Enterprises and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.93.

Eos Energy Enterprises Stock Performance

Shares of EOSE opened at $14.84 on Friday. The stock has a 50 day simple moving average of $14.98 and a 200 day simple moving average of $9.35. Eos Energy Enterprises, Inc. has a 52-week low of $3.07 and a 52-week high of $19.86. The firm has a market capitalization of $4.28 billion, a PE ratio of -1.78 and a beta of 2.15.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its earnings results on Wednesday, November 5th. The company reported ($2.77) EPS for the quarter, missing the consensus estimate of ($0.31) by ($2.46). The business had revenue of $30.51 million for the quarter, compared to analysts’ expectations of $39.55 million. Equities research analysts predict that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current fiscal year.

Eos Energy Enterprises 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.