Eos Energy Enterprises, Inc. (NASDAQ:EOSE) CEO Acquires $98,000.00 in Stock

Eos Energy Enterprises, Inc. (NASDAQ:EOSEGet Rating) CEO Joe Mastrangelo acquired 70,000 shares of the stock in a transaction dated Thursday, May 12th. The shares were bought at an average cost of $1.40 per share, for a total transaction of $98,000.00. Following the acquisition, the chief executive officer now owns 338,727 shares in the company, valued at approximately $474,217.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Joe Mastrangelo also recently made the following trade(s):

  • On Tuesday, March 1st, Joe Mastrangelo acquired 35,000 shares of Eos Energy Enterprises stock. The shares were bought at an average cost of $2.88 per share, for a total transaction of $100,800.00.

Shares of EOSE stock opened at $1.40 on Friday. The stock has a 50 day moving average of $3.11 and a two-hundred day moving average of $5.59. The company has a current ratio of 2.84, a quick ratio of 4.33 and a debt-to-equity ratio of 3.16. Eos Energy Enterprises, Inc. has a 12 month low of $1.33 and a 12 month high of $21.80.

Eos Energy Enterprises (NASDAQ:EOSEGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.29). Eos Energy Enterprises had a negative return on equity of 317.81% and a negative net margin of 1,921.25%. During the same period in the prior year, the company posted ($0.42) earnings per share. On average, equities analysts anticipate that Eos Energy Enterprises, Inc. will post -2.15 earnings per share for the current fiscal year.

Several analysts recently weighed in on the company. B. Riley decreased their target price on Eos Energy Enterprises from $13.00 to $7.00 in a research note on Wednesday. Guggenheim assumed coverage on Eos Energy Enterprises in a research note on Tuesday, March 22nd. They set a “neutral” rating for the company. Finally, Zacks Investment Research upgraded Eos Energy Enterprises from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $19.00.

Several hedge funds have recently made changes to their positions in EOSE. Royal Bank of Canada lifted its position in shares of Eos Energy Enterprises by 63.4% in the 2nd quarter. Royal Bank of Canada now owns 2,618 shares of the company’s stock worth $48,000 after acquiring an additional 1,016 shares during the period. Bank of Montreal Can bought a new stake in shares of Eos Energy Enterprises in the 1st quarter worth approximately $51,000. Daiwa Securities Group Inc. lifted its position in shares of Eos Energy Enterprises by 45.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 15,500 shares of the company’s stock worth $65,000 after buying an additional 4,865 shares during the period. Ionic Capital Management LLC lifted its position in shares of Eos Energy Enterprises by 59.4% during the 3rd quarter. Ionic Capital Management LLC now owns 4,834 shares of the company’s stock worth $68,000 after buying an additional 1,801 shares during the period. Finally, Citigroup Inc. lifted its position in shares of Eos Energy Enterprises by 451.1% during the 3rd quarter. Citigroup Inc. now owns 4,861 shares of the company’s stock worth $68,000 after buying an additional 3,979 shares during the period. Institutional investors own 64.36% of the company’s stock.

Eos Energy Enterprises Company Profile (Get Rating)

Eos Energy Enterprises, Inc designs, manufactures, and deploys battery storage solutions for utility, commercial and industrial, and renewable energy markets in the United States. It offers stationary battery storage solutions. The company's flagship product is the Eos Znyth DC battery system designed to meet the requirements of the grid-scale energy storage market.

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