At last check in current trading, shares of Eos Energy Enterprises Inc. (EOSE) were up 39.26% at $3.65. Eos Energy (EOSE) stock closed the last session at $2.62. Shares of the company were fluctuating between $2.555 and $2.76. The number of shares exchanged was 1.75 million, greater than the company’s 50-day daily volume of 0.64 million and higher than its Year to date volume of 0.64 million. EOSE stock is surging following several insider transactions.
Which insiders bought Eos Energy shares?
With positively brilliant solutions that alter how the world stores electricity, Eos Energy (EOSE) is speeding up the transition to renewable energy. The innovative Znyth aqueous zinc battery from EOSE was created to address the limitations of traditional lithium-ion technology. It is the heart of EOSE revolutionary solutions that now give utility, industrial, and commercial clients a proven, dependable energy storage option. It is safe, scalable, efficient, sustainable, and manufactured in the United States.
According to the SEC filings yesterday, there were 5 insiders who bought 108,150 shares in total. The net amount the Eos Energy (EOSE) insiders spent on purchasing those shares were $304,934 with an average buying price of $2.794 for each share.
- Mastrangelo Joe, Chief Executive Officer bought 35,000 EOSE shares for $100.800 at a per-share price of 2.88.
- Chief Financial Officer Gonzales Randall B came buying the biggest number of shares. He bought 43,500 shares for a total amount of $119.408 paying $2.75 for each share purchased.
- EOSE director, Dimitrief Alexander bought 20,000 shares at a per-share price of $2.92 for total spending of $58,400.
- Tedone John J, the Chief Accounting Officer of the company, bought 7,000 shares at the rate of $2.75 per share for a total amount of $19,250.
- EOSE’s general Counsel, Berube Melissa spent $7,076 to grab 2,650 shares at a per-share price of $2.67.
EOSE’s expansion plans
Eos Energy (EOSE) has stated that it will more than increase its manufacturing capacity to 800 MWh in order to satisfy the demand for its Znyth aqueous zinc batteries. The state-of-the-art complex, known as Keystone Commons, will offer EOSE with more than 46,000 square feet of extra space and the capacity to generate more than 125 jobs. It will be located in Turtle Creek, PA, just outside of Pittsburgh. Manufacturing gear and equipment are slated to arrive in March, and the site might be operating by September.
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