In a report released yesterday, Nicholas Amicucci from Evercore ISI reiterated a Buy rating on Eos Energy Enterprises (EOSE – Research Report), with a price target of $3.00. The company’s shares closed yesterday at $2.70.
According to TipRanks, Amicucci is a 3-star analyst with an average return of 15.2% and a 71.43% success rate.
Eos Energy Enterprises has an analyst consensus of Moderate Buy, with a price target consensus of $3.88, representing a 43.70% upside. In a report released on November 15, Stifel Nicolaus also maintained a Buy rating on the stock with a $6.00 price target.
EOSE market cap is currently $588.4M and has a P/E ratio of -1.10.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EOSE in relation to earlier this year. Most recently, in September 2024, Jeffrey Bornstein, a Director at EOSE sold 162,720.00 shares for a total of $427,653.60.
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Eos Energy Enterprises (EOSE) Company Description:
B Riley Principal Merger Corp II is a blank check company.
Read More on EOSE:
- Eos Energy signs MOU with Wabash to accelerate supply chain ecosystem
- Largest borrow rate increases among liquid names
- Eos Energy Enterprises: Strategic Advancements Amidst Challenges
- Eos Energy in energy storage pact with City Utilities of Springfield, Missouri
- Eos Energy cuts FY24 revenue view to $15M from $60M-$90M, consensus $62.33M
