FY2024 Earnings Forecast for EOSE Issued By Seaport Res Ptn

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) – Seaport Res Ptn issued their FY2024 earnings estimates for Eos Energy Enterprises in a report issued on Tuesday, January 7th. Seaport Res Ptn analyst T. Curran anticipates that the company will post earnings per share of ($2.59) for the year. The consensus estimate for Eos Energy Enterprises’ current full-year earnings is ($2.52) per share. Seaport Res Ptn also issued estimates for Eos Energy Enterprises’ Q4 2024 earnings at ($0.28) EPS, Q1 2025 earnings at ($0.19) EPS, Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.44) EPS.

Separately, Roth Mkm cut their target price on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3.90.

Eos Energy Enterprises Stock Performance

Shares of EOSE stock opened at $4.96 on Friday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -2.06 and a beta of 2.09. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $6.01. The company has a 50-day simple moving average of $3.60 and a two-hundred day simple moving average of $2.79.

Hedge Funds Weigh In On Eos Energy Enterprises

Several institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its stake in Eos Energy Enterprises by 5,744.5% in the second quarter. Millennium Management LLC now owns 3,164,017 shares of the company’s stock valued at $4,018,000 after acquiring an additional 3,109,880 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Eos Energy Enterprises by 30.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company’s stock worth $3,288,000 after purchasing an additional 600,143 shares during the period. Geode Capital Management LLC lifted its stake in Eos Energy Enterprises by 18.0% in the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock valued at $7,335,000 after purchasing an additional 376,494 shares during the last quarter. Brightline Capital Management LLC bought a new position in Eos Energy Enterprises during the third quarter valued at $4,871,000. Finally, State Street Corp increased its position in Eos Energy Enterprises by 9.5% in the third quarter. State Street Corp now owns 875,439 shares of the company’s stock worth $2,600,000 after buying an additional 75,657 shares during the last quarter. Institutional investors 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.