Eos Energy Enterprises (NASDAQ:EOSE) Releases Earnings Results, Misses Expectations By $2.02 EPS

Eos Energy Enterprises (NASDAQ:EOSE) posted its earnings results on Tuesday. The company reported ($2.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($2.02), Zacks reports.

Eos Energy Enterprises Price Performance

Eos Energy Enterprises stock traded down $0.05 during midday trading on Tuesday, hitting $3.94. 6,892,100 shares of the stock were exchanged, compared to its average volume of 7,390,112. Eos Energy Enterprises has a 1 year low of $0.61 and a 1 year high of $6.64. The firm has a market cap of $858.57 million, a P/E ratio of -1.63 and a beta of 2.10. The company has a 50 day moving average price of $5.18 and a two-hundred day moving average price of $3.68.

Wall Street Analyst Weigh In

Several research firms have issued reports on EOSE. Roth Capital downgraded shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Roth Mkm cut shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and upped their price target for the stock from $4.00 to $5.00 in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Eos Energy Enterprises currently has a consensus rating of “Hold” and a consensus target price of $4.10.

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.