Udine Wealth Management Inc. Makes New Investment in Eos Energy Enterprises, Inc. $EOSE

Udine Wealth Management Inc. bought a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 176,881 shares of the company’s stock, valued at approximately $2,015,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. PBMares Wealth Management LLC purchased a new position in Eos Energy Enterprises in the 3rd quarter valued at about $114,000. Citizens Financial Group Inc. RI acquired a new position in shares of Eos Energy Enterprises during the third quarter valued at approximately $2,723,000. SG Americas Securities LLC purchased a new position in shares of Eos Energy Enterprises in the third quarter valued at approximately $118,000. KLP Kapitalforvaltning AS lifted its position in shares of Eos Energy Enterprises by 57.5% in the third quarter. KLP Kapitalforvaltning AS now owns 73,700 shares of the company’s stock valued at $839,000 after acquiring an additional 26,900 shares in the last quarter. Finally, Bouvel Investment Partners LLC acquired a new stake in shares of Eos Energy Enterprises in the third quarter worth approximately $1,262,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on EOSE. Wall Street Zen downgraded Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research upgraded shares of Eos Energy Enterprises from a “strong sell” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus raised their price target on shares of Eos Energy Enterprises from $10.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. B. Riley upped their price objective 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. Finally, Guggenheim increased their price objective on shares of Eos Energy Enterprises from $10.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Eos Energy Enterprises currently has a consensus rating of “Hold” and a consensus target price of $12.44.

Eos Energy Enterprises Trading Up 2.9%

Shares of EOSE opened at $17.30 on Thursday. Eos Energy Enterprises, Inc. has a 12-month low of $3.07 and a 12-month high of $19.86. The firm has a 50-day moving average price of $14.08 and a 200 day moving average price of $10.81. The firm has a market capitalization of $4.99 billion, a P/E ratio of -2.07 and a beta of 2.11.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its earnings results on Wednesday, November 5th. The company reported ($2.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($2.46). The business had revenue of $30.51 million for the quarter, compared to the consensus estimate of $39.55 million. Equities research analysts predict 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 Eos Energy Enterprises news, Director Russell Monoki Stidolph sold 29,999 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $15.36, for a total transaction of $460,784.64. Following the completion of the sale, the director owned 2,123,273 shares of the company’s stock, valued at $32,613,473.28. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marian Walters sold 50,000 shares of the stock in a transaction on 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 represents a 26.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 816,134 shares of company stock worth $12,262,335. Corporate insiders own 3.30% of the company’s stock.

Eos Energy Enterprises Company 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.