--- title: "Bank of New York Mellon Corp Acquires Shares of 940,515 Eos Energy Enterprises, Inc. $EOSE" type: "News" locale: "en" url: "https://longbridge.com/en/news/298100370.md" description: "Bank of New York Mellon Corp initiated a new position in Eos Energy Enterprises (NASDAQ:EOSE) during the second quarter, purchasing 940,515 shares valued at approximately $5.53 million. This move adds to recent institutional activity, with Vanguard, State Street, and Goldman Sachs also increasing their holdings. Meanwhile, insiders Michelle Buczkowski and Sumeet Puri sold shares to cover tax obligations. Analysts maintain positive outlooks, with Needham setting a $11 price target." datetime: "2026-09-05T07:30:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298100370.md) - [en](https://longbridge.com/en/news/298100370.md) - [zh-HK](https://longbridge.com/zh-HK/news/298100370.md) generator: "portal-rs" --- # Bank of New York Mellon Corp Acquires Shares of 940,515 Eos Energy Enterprises, Inc. $EOSE Bank of New York Mellon Corp bought a new position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 940,515 shares of the company's stock, valued at approximately $5,530,000. Bank of New York Mellon Corp owned about 0.28% of Eos Energy Enterprises as of its most recent filing with the Securities and Exchange Commission. Get **Eos Energy Enterprises** alerts: - 3 Small AI Stocks Ready to Explode (All Under $20) A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Eos Energy Enterprises by 19.8% in the fourth quarter. Vanguard Group Inc. now owns 18,616,874 shares of the company's stock worth $213,349,000 after acquiring an additional 3,080,012 shares during the last quarter. Rubric Capital Management LP purchased a new position in shares of Eos Energy Enterprises in the third quarter worth approximately $117,317,000. State Street Corp raised its position in Eos Energy Enterprises by 6.1% during the fourth quarter. State Street Corp now owns 7,689,841 shares of the company's stock valued at $88,126,000 after buying an additional 443,809 shares during the period. Geode Capital Management LLC increased its holdings in shares of Eos Energy Enterprises by 16.1% in the 4th quarter. Geode Capital Management LLC now owns 7,205,507 shares of the company's stock valued at $82,587,000 after purchasing an additional 998,332 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Eos Energy Enterprises by 36.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,900,513 shares of the company's stock worth $14,744,000 after acquiring an additional 1,050,128 shares in the last quarter. Institutional investors and hedge funds own 54.87% of the company's stock. ## Eos Energy Enterprises Price Performance NASDAQ EOSE opened at $3.88 on Friday. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -0.57 and a beta of 2.77. The business's fifty day moving average is $4.05 and its 200-day moving average is $5.98. Eos Energy Enterprises, Inc. has a one year low of $3.01 and a one year high of $19.86. Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($1.01). The company had revenue of $68.78 million during the quarter, compared to analyst estimates of $68.32 million. During the same quarter last year, the business earned ($1.05) earnings per share. Research analysts expect that Eos Energy Enterprises, Inc. will post -0.91 EPS for the current fiscal year. ## Insiders Place Their Bets In other news, insider Michelle Buczkowski sold 11,469 shares of the firm's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $5.87, for a total transaction of $67,323.03. Following the completion of the transaction, the insider directly owned 59,242 shares in the company, valued at $347,750.54. This trade represents a 16.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Sumeet Puri sold 29,167 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $3.36, for a total value of $98,001.12. Following the completion of the transaction, the chief accounting officer directly owned 202,279 shares in the company, valued at $679,657.44. This trade represents a 12.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 448,626 shares of company stock valued at $1,828,572. Insiders own 1.73% of the company's stock. ## Analysts Set New Price Targets A number of brokerages have issued reports on EOSE. Needham & Company LLC started coverage on Eos Energy Enterprises in a research report on Friday, May 22nd. They set a "buy" rating and a $11.00 target price for the company. Truist Financial assumed coverage on Eos Energy Enterprises in a research note on Monday, July 13th. They set a "buy" rating and a $7.00 price objective for the company. Stifel Nicolaus lowered their price target on shares of Eos Energy Enterprises from $10.00 to $9.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Eos Energy Enterprises in a research note on Friday, July 17th. Finally, Wall Street Zen cut Eos Energy Enterprises from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Eos Energy Enterprises currently has an average rating of "Hold" and an average target price of $8.25. **View Our Latest Stock Analysis on EOSE** ## About Eos Energy Enterprises (Free Report) Eos Energy Enterprises specializes in the development and deployment of scalable, long-duration energy storage systems designed to support the integration of renewable power and enhance grid reliability. The company's core technology centers on its proprietary zinc hybrid cathode (Znyth™) battery platform, which aims to deliver safe, low-cost, and durable performance for utility, commercial and industrial, and microgrid applications. The company's flagship product, the Aurora™ energy storage system, combines its Znyth™ cells with modular power conversion and controls to offer flexible capacity ranging from one to three hours of discharge duration. ## Further Reading - Five stocks we like better than Eos Energy Enterprises - Revolution Medicines Got Its Breakthrough—What Moves It Next? - Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy - FB Financial's Southern Expansion and Buybacks Drive Analyst Optimism - AST SpaceMobile Stock Soared 12%—This Was the Catalyst *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Eos Energy Enterprises Right Now? Before you consider Eos Energy Enterprises, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eos Energy Enterprises wasn't on the list. While Eos Energy Enterprises currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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