Streetbeat News

EOSE

Eos Energy Enterprises, Inc.

https://www.eosenergystorage.com

Industry

Electrical Equipment & Parts

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. Eos Energy Enterprises, Inc. was founded in 2008 and is headquartered in Edison, New Jersey.

Open

2.23

Mkt cap

477M

Volume

15M

High

2.29

P/E Ratio

-0.89

52-wk high

3.66

Low

2.16

Div yield

N/A

52-wk low

0.61

Guggenheim analyst Joseph Osha has maintained a Buy rating on Eos Energy Enterprises (EOSE) but has lowered the price target from $10 to $4.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:34 am

Evercore ISI Group analyst James West maintains an Outperform rating on Eos Energy Enterprises (NASDAQ:EOSE) but lowers the price target from $12 to $7.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:40 pm

Eos Energy Enterprises projects its FY24 revenue to be between $60M-$90M, significantly lower than the estimated $130.533M.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:19 pm

Eos Energy Enterprises (NASDAQ:EOSE) reported Q4 earnings with an EPS of $-0.16, beating estimates by 36.0% against an expected $-0.25. Revenue increased by $3.93 million from the same period last year. Despite beating EPS estimates last quarter, the share price dropped by 25.0% the following day. Historical performance shows variability in meeting EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:10 pm

Eos Energy Enterprises (EOSE) reported Q4 2023 earnings with a GAAP EPS of $(0.160), surpassing the $(0.240) estimate. However, their sales of $6.600M fell short of the $8.996M estimate, despite being a 147.56% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:05 pm

Earnings reports for March 4, 2024, include a mix of expected losses and gains across various sectors. Notable companies like Sea, Global Ship Lease, and Stitch Fix are among those reporting, with projections ranging from significant losses to substantial earnings per share. This diverse earnings landscape provides insights into different industry performances.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:53 am

Eos Energy Enterprises (NASDAQ:EOSE) is scheduled to release its quarterly earnings report on Monday, 2024-03-04, with analysts expecting an EPS of $-0.25. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat followed by a 25.14% drop. Shares are currently trading at $0.9522, down 50.57% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 3:01 pm

Today's session highlighted significant options activity in 10 industrials stocks, indicating whale movements that could signal trading opportunities. The activity included both bullish and bearish sentiments across various expiration dates and strike prices. Notably, EOSE and PAYX saw bearish movements, while UBER, BA, FIX, SWK (bearish sentiment), GE, DE, WM, and CAT (bearish sentiment) experienced bullish activity. This diverse options activity suggests varying investor expectations and market strategies.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:35 pm

Shares of companies in the industrial sector are down due to a higher-than-expected rise in January inflation data, affecting investor sentiment and stock prices.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:38 pm

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) announced achieving 'Power On' status for all motion systems on its first state-of-the-art manufacturing line and expects Q4 revenue of $6.6M, a 148% increase from Q4 2022, and FY23 revenue of $16.4M, a decrease from FY22's $17.9M. The company transitioned to Eos Z3TM Cube, improving gross margin by 30-50% over the previous year, with an ending cash balance of $69.5M and an orders backlog of $534.8M as of December 31, 2023. Eos's manufacturing advancements and strategic transitions aim for cost-reduction benefits starting late Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:44 pm

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