Eos Energy CAO Sumeet Puri sells $141,109 of common stock By Investing.com

Sumeet Puri, Chief Accounting Officer of Eos Energy Enterprises, Inc. (), sold 34,167 shares of the company’s common stock on September 9, 2026, for a total value of $141,109. The shares were sold at prices ranging from $4.07 to $4.27, with a weighted average price of $4.13 per share.

This transaction followed the acquisition of 68,333 shares of common stock by Mr. Puri on September 5, 2026, stemming from the vesting of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of common stock. These RSUs were granted under Eos Energy’s 2020 Incentive Plan and vest in installments, subject to continued service. The sale comes as EOSE shares have shown significant volatility, gaining 18.6% over the past week despite a 63.8% year-to-date decline.

The sale of shares on September 9, 2026, was executed automatically pursuant to a Rule 10b5-1 trading plan, which Mr. Puri adopted on September 15, 2025. The purpose of this sale was to cover estimated tax withholding obligations associated with the vesting of restricted stock units.

Following these transactions, Mr. Puri directly holds 236,445 shares of Eos Energy Enterprises common stock. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value estimate. Investors seeking deeper insights can access 16 additional ProTips and comprehensive Pro Research Reports covering EOSE and 1,400+ other US equities on the platform.

In other recent news, Eos Energy Enterprises reported a wider-than-expected loss for the second quarter of 2026, with an adjusted loss of $1.20 per share, contrary to analysts’ projections of a 16-cent loss. Despite the loss, revenue significantly increased to $68.77 million from $15.2 million the previous year, marking a 351% year-over-year rise. The company has tightened its revenue guidance for 2026 to a range of $300 million to $350 million, down from the earlier range of $300 million to $400 million, following a decision to consolidate production lines at its Thorn Hill facility. This consolidation is part of a broader plan to streamline battery manufacturing operations, which Eos Energy announced would be completed without affecting customer delivery commitments.

Additionally, Eos Energy has entered into a collaboration with MN8 Energy and Google to develop a solar and energy storage project in West Virginia. This project will integrate 86 MW of solar energy with Eos’ zinc-based long-duration energy storage and lithium-ion energy storage, contributing to the PJM grid. Despite these developments, B. Riley adjusted its price target for Eos Energy shares to $5.00 from $8.00, maintaining a Neutral rating due to the revised revenue outlook. These recent developments reflect Eos Energy’s strategic efforts to enhance its operational efficiency and expand its project portfolio.

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