Eos Energy Enterprises, Inc. (NASDAQ:EOSE – Get Free Report) Director Jeffrey S. Bornstein sold 30,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $2.62, for a total transaction of $78,600.00. Following the sale, the director now directly owns 84,929 shares of the company’s stock, valued at $222,513.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Eos Energy Enterprises Price Performance
Shares of NASDAQ EOSE opened at $2.53 on Wednesday. Eos Energy Enterprises, Inc. has a 1-year low of $0.61 and a 1-year high of $2.81. The company has a market capitalization of $526.56 million, a price-to-earnings ratio of -1.62 and a beta of 2.39. The business has a 50-day moving average of $2.09 and a 200-day moving average of $1.34.
Eos Energy Enterprises (NASDAQ:EOSE – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.11). The company had revenue of $0.90 million for the quarter, compared to analyst estimates of $4.38 million. Research analysts expect that Eos Energy Enterprises, Inc. will post -0.78 EPS for the current fiscal year.
Analyst Ratings Changes
View Our Latest Report on EOSE
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd purchased a new stake in Eos Energy Enterprises during the 2nd quarter worth approximately $83,000. Cubist Systematic Strategies LLC increased its stake in shares of Eos Energy Enterprises by 138,544.3% in the second quarter. Cubist Systematic Strategies LLC now owns 134,485 shares of the company’s stock worth $171,000 after buying an additional 134,388 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Eos Energy Enterprises in the second quarter valued at $216,000. NewEdge Advisors LLC boosted its stake in Eos Energy Enterprises by 30.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company’s stock valued at $3,288,000 after acquiring an additional 600,143 shares during the last quarter. Finally, Scientech Research LLC acquired a new position in Eos Energy Enterprises during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 54.87% of the company’s stock.
Eos Energy Enterprises Company 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.
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