Eos Energy Enterprises Sees Unusually Large Options Volume (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) was the recipient of unusually large options trading on Monday. Investors bought 5,504 call options on the company. This represents an increase of 22% compared to the typical volume of 4,520 call options.

Eos Energy Enterprises Stock Performance

NASDAQ EOSE opened at $1.32 on Wednesday. The stock has a market capitalization of $274.73 million, a price-to-earnings ratio of -0.75 and a beta of 2.25. The stock’s 50 day moving average price is $0.76 and its two-hundred day moving average price is $0.94. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $5.67.

Eos Energy Enterprises (NASDAQ:EOSE) last released its earnings results on Tuesday, May 14th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.01. The firm had revenue of $6.60 million during the quarter, compared to the consensus estimate of $6.57 million. On average, equities research analysts forecast that Eos Energy Enterprises will post -0.79 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Eos Energy Enterprises by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company’s stock worth $9,657,000 after purchasing an additional 580,022 shares during the last quarter. Electron Capital Partners LLC increased its holdings in shares of Eos Energy Enterprises by 226.6% during the 4th quarter. Electron Capital Partners LLC now owns 6,958,125 shares of the company’s stock worth $7,584,000 after acquiring an additional 4,827,586 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Eos Energy Enterprises by 24.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,258,058 shares of the company’s stock worth $4,641,000 after acquiring an additional 843,918 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Eos Energy Enterprises by 23.6% during the 3rd quarter. Invesco Ltd. now owns 3,128,582 shares of the company’s stock worth $6,726,000 after acquiring an additional 597,279 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Eos Energy Enterprises by 503.7% during the 3rd quarter. Stifel Financial Corp now owns 930,205 shares of the company’s stock worth $2,000,000 after acquiring an additional 776,110 shares during the last quarter. Institutional investors and hedge funds own 54.87% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Evercore ISI lowered their price objective on Eos Energy Enterprises from $7.00 to $3.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. Roth Mkm reduced their target price on Eos Energy Enterprises from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Thursday, May 16th. TD Cowen reduced their target price on Eos Energy Enterprises from $3.00 to $2.50 and set a “hold” rating on the stock in a report on Thursday, May 16th. Stifel Nicolaus restated a “buy” rating and set a $13.00 target price on shares of Eos Energy Enterprises in a report on Wednesday, May 15th. Finally, Guggenheim reduced their target price on Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.83.

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.