WINTON GROUP Ltd Makes New $920,000 Investment in Eos Energy Enterprises, Inc. $EOSE

WINTON GROUP Ltd acquired a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 156,538 shares of the company’s stock, valued at approximately $920,000.

Other large investors also recently modified their holdings of the company. Inspire Investing LLC lifted its stake in shares of Eos Energy Enterprises by 2.2% during the 4th quarter. Inspire Investing LLC now owns 41,442 shares of the company’s stock worth $475,000 after buying an additional 882 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in shares of 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 period. Diversify Advisory Services LLC grew its stake in Eos Energy Enterprises by 6.5% in the 3rd quarter. Diversify Advisory Services LLC now owns 17,124 shares of the company’s stock valued at $195,000 after buying an additional 1,049 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Eos Energy Enterprises by 33.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,732 shares of the company’s stock valued at $66,000 after buying an additional 1,425 shares during the last quarter. Finally, Numerai GP LLC raised its holdings in Eos Energy Enterprises by 5.2% in the 4th quarter. Numerai GP LLC now owns 29,265 shares of the company’s stock valued at $335,000 after acquiring an additional 1,441 shares during the period. 54.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EOSE shares. B. Riley Financial cut their price objective on shares of Eos Energy Enterprises from $8.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, August 14th. Roth Capital upped their target price on Eos Energy Enterprises from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday. Stifel Nicolaus lowered their target price on Eos Energy Enterprises from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Truist Financial started coverage on Eos Energy Enterprises in a report on Monday, July 13th. They set a “buy” rating and a $7.00 price target for the company. Finally, Needham & Company LLC began coverage on Eos Energy Enterprises in a research note on Friday, May 22nd. They issued a “buy” rating and a $11.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.31.

Insider Activity at Eos Energy Enterprises

In related news, CEO Joe Mastrangelo sold 159,154 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $3.61, for a total transaction of $574,545.94. Following the sale, the chief executive officer owned 1,947,586 shares of the company’s stock, valued at $7,030,785.46. This represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michelle Buczkowski sold 11,469 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $5.87, for a total value of $67,323.03. Following the sale, the insider directly owned 59,242 shares in the company, valued at $347,750.54. This represents a 16.22% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last three months, insiders sold 482,793 shares of company stock valued at $1,969,682. 1.73% of the stock is currently owned by company insiders.

Eos Energy Enterprises Stock Performance

EOSE stock opened at $3.95 on Monday. Eos Energy Enterprises, Inc. has a 52 week low of $3.01 and a 52 week high of $19.86. The company has a market capitalization of $1.44 billion, a PE ratio of -0.58 and a beta of 2.77. The company’s 50-day simple moving average is $3.90 and its 200 day simple moving average is $5.70.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($1.20) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($1.01). The business had revenue of $68.78 million for the quarter, compared to analyst estimates of $68.32 million. During the same period last year, the business earned ($1.05) EPS. On average, analysts forecast that Eos Energy Enterprises, Inc. will post -0.92 EPS for the current year.

Eos Energy Enterprises Company Profile

Eos Energy Enterprises, Inc develops and manufactures long-duration energy storage systems designed to support the reliability and flexibility of electric grids. Its technology is based on aqueous zinc battery chemistry, which is intended to provide a non-flammable alternative to conventional lithium-ion batteries for stationary storage applications.

The company’s primary product platform is the Eos Z3, a modular battery system designed for utility-scale and other large-scale energy storage projects.