EVR Research LP Makes New Investment in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

EVR Research LP acquired a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 410,000 shares of the company's stock, valued at approximately $1,993,000. EVR Research LP owned 0.19% of Eos Energy Enterprises at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EOSE. Parkside Financial Bank & Trust acquired a new position in shares of Eos Energy Enterprises during the 4th quarter worth approximately $29,000. R Squared Ltd bought a new position in Eos Energy Enterprises during the 4th quarter worth $31,000. Walleye Capital LLC bought a new position in shares of Eos Energy Enterprises in the third quarter worth $48,000. Carmel Capital Partners LLC acquired a new position in Eos Energy Enterprises in the fourth quarter valued at about $49,000. Finally, Lake Street Private Wealth LLC bought a new position in Eos Energy Enterprises in the 4th quarter valued at about $51,000. 54.87% of the stock is owned by institutional investors.

Eos Energy Enterprises Trading Down 0.7 %

Shares of Eos Energy Enterprises stock traded down $0.04 on Thursday, hitting $4.86. 4,118,935 shares of the company traded hands, compared to its average volume of 7,415,699. The company has a market cap of $1.10 billion, a P/E ratio of -2.01 and a beta of 2.17. Eos Energy Enterprises, Inc. has a 12-month low of $0.61 and a 12-month high of $6.64. The firm's 50-day simple moving average is $4.28 and its 200 day simple moving average is $4.05.

Analyst Ratings Changes

EOSE has been the topic of several analyst reports. Guggenheim reiterated a "buy" rating and set a $7.00 price target on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Cowen reiterated a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Roth Mkm lowered shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Finally, Roth Capital cut Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $4.70.

Eos Energy Enterprises Company Profile

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.