Eos Energy Enterprises Inc (NASDAQ:EOSE) shares traded 2.17% higher at $0.98 on Wall Street last session.
EOSE stock price is now -5.37% away from the 50-day moving average and -48.97% away from the 200-day moving average. The market capitalization of the company currently stands at $199.31M.
On September 01, 2023, Guggenheim Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $10, while ‘B. Riley Securities’ rates the stock as ‘Neutral’
In other news, DIMITRIEF ALEXANDER, Director bought 5,000 shares of the company’s stock on Mar 08 ’24. The stock was bought for $5,638 at an average price of $1.13. Upon completion of the transaction, the Director now directly owns 10,000 shares in the company, valued at $9800.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 21 ’23, Chief Executive Officer Mastrangelo Joe bought 36,500 shares of the business’s stock. A total of $74,810 was incurred on buying the stock at an average price of $2.05. This leaves the insider owning 590,799 shares of the company worth $0.58 million. A total of 2.72% of the company’s stock is owned by insiders.
During the past 12 months, Eos Energy Enterprises Inc has had a low of $0.73 and a high of $5.66. The fifty day moving average price for EOSE is $1.0393 and a two-hundred day moving average price translates $1.9274 for the stock.
The latest earnings results from Eos Energy Enterprises Inc (NASDAQ: EOSE) was released for Dec, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.16, beating analysts’ expectations of -$0.25 by 0.09. This compares to -$0.70 EPS in the same period last year. The company reported revenue of $6.61 million for the quarter, compared to $2.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 147.94 percent. For the current quarter, analysts expect EOSE to generate $6.28M in revenue.
Eos Energy Enterprises Inc(EOSE) 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. Its flagship product is Gen 2.3 battery module. In addition, the company offers Z3 battery module that provides utilities, independent power producers, renewables developers, and C&I customers with an alternative to lithium-ion and lead-acid monopolar batteries for critical 3- to 12-hour discharge duration applications; battery management system, which provides a remote asset monitoring capability and service to track the performance and health of BESS and identify future system performance issues through predictive analytics; and project management and commissioning services, as well as long-term maintenance plans. Eos Energy Enterprises, Inc. is headquartered in Edison, New Jersey.
