Palantir Technologies lifts guidance after Q2 results beat Wall Street estimates
Joe Mastrangelo, Chief Executive Officer of Eos Energy Enterprises (NASDAQ:EOSE), a company with a market capitalization of $1.48 billion, sold 166,667 shares of common stock on July 29, 2025. The shares were sold at a weighted average price of $5.94, for a total value of $990,001. Prices for the sales ranged from $5.80 to $6.29. The stock has shown remarkable performance, delivering a 225% return over the past year.
On July 25, 2025, Mastrangelo also acquired 333,333 shares of common stock upon the exercise of restricted stock units. These shares were acquired at $0. According to InvestingPro, EOSE exhibits high price volatility with a beta of 2.01, making it important for investors to monitor insider transactions closely. InvestingPro offers 12 additional investment tips for EOSE.
Following these transactions, Mastrangelo directly owns 1,403,226 shares of Eos Energy Enterprises.
The sale was executed automatically pursuant to a Rule 10b5-1 trading plan adopted on March 14, 2025, to cover estimated tax withholding obligations related to the vesting of restricted stock units.
In other recent news, Eos Energy Enterprises has completed the full draw of the first tranche of its loan from the Department of Energy’s Loan Programs Office, receiving an additional $22.7 million. This funding is part of a larger $303.5 million loan facility and supports the expansion of Eos Energy’s battery manufacturing capacity in the United States, covering 80% of eligible costs. The funds are intended to help complete the company’s first state-of-the-art manufacturing line for zinc-based battery energy storage systems under Project AMAZE. Additionally, Stifel has maintained its Buy rating on Eos Energy with a price target of $8.50, following the receipt of this government funding. In another development, Eos Energy announced an increase in the annual base salary of CEO Joe Mastrangelo from $650,000 to $800,000, effective August 1, 2025. This marks the first adjustment to his salary since 2021. The decision was made after an annual review of benchmark data by an independent compensation consultant.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.