Eos Energy Enterprises Target of Unusually High Options Trading (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSE – Get Rating) was the recipient of some unusual options trading activity on Monday. Stock traders purchased 13,511 call options on the stock. This represents an increase of 69% compared to the average daily volume of 7,979 call options.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EOSE. Point72 Asset Management L.P. bought a new position in Eos Energy Enterprises in the 3rd quarter worth $5,330,000. Electron Capital Partners LLC bought a new position in Eos Energy Enterprises in the 3rd quarter worth $5,306,000. Invesco Ltd. boosted its holdings in Eos Energy Enterprises by 44.8% in the 1st quarter. Invesco Ltd. now owns 3,997,289 shares of the company’s stock worth $16,709,000 after buying an additional 1,236,740 shares during the period. Lynwood Capital Management Inc. bought a new position in Eos Energy Enterprises in the 4th quarter worth $1,665,000. Finally, Maven Securities LTD bought a new position in Eos Energy Enterprises in the 4th quarter worth $1,480,000. Institutional investors own 28.96% of the company’s stock.

Eos Energy Enterprises Trading Down 4.5 %

Shares of EOSE opened at $2.11 on Tuesday. The firm has a market cap of $244.44 million, a PE ratio of -0.58 and a beta of 2.42. The firm has a fifty day simple moving average of $2.26 and a two-hundred day simple moving average of $1.70. Eos Energy Enterprises has a 1-year low of $0.95 and a 1-year high of $3.40.

Eos Energy Enterprises (NASDAQ:EOSE – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.07). The firm had revenue of $2.67 million for the quarter, compared to analysts’ expectations of $2.81 million. As a group, research analysts forecast that Eos Energy Enterprises will post -1.6 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley decreased their price objective on shares of Eos Energy Enterprises from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, February 3rd.

Eos Energy Enterprises Company Profile

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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.