62,776 Shares in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Bought by Arizona State Retirement System

Arizona State Retirement System bought a new stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 62,776 shares of the company's stock, valued at approximately $305,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Eos Energy Enterprises by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company's stock valued at $7,335,000 after purchasing an additional 376,494 shares in the last quarter. Brightline Capital Management LLC bought a new position in Eos Energy Enterprises during the 3rd quarter valued at about $4,871,000. State Street Corp boosted its holdings in shares of Eos Energy Enterprises by 9.5% during the 3rd quarter. State Street Corp now owns 875,439 shares of the company's stock valued at $2,600,000 after acquiring an additional 75,657 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Eos Energy Enterprises in the third quarter worth approximately $993,000. Finally, FourThought Financial Partners LLC purchased a new position in shares of Eos Energy Enterprises during the fourth quarter valued at approximately $1,335,000. Institutional investors own 54.87% of the company's stock.

Wall Street Analysts Forecast Growth

EOSE has been the topic of several research reports. Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Roth Capital downgraded Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Guggenheim reiterated a "buy" rating and set a $7.00 price objective on shares of Eos Energy Enterprises in a research report on Tuesday. Finally, Roth Mkm downgraded Eos Energy Enterprises from a "buy" rating to a "neutral" rating and increased their target price for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $4.70.

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Eos Energy Enterprises Trading Up 8.7 %

Eos Energy Enterprises stock traded up $0.36 during midday trading on Wednesday, hitting $4.46. The stock had a trading volume of 4,728,371 shares, compared to its average volume of 7,382,212. Eos Energy Enterprises, Inc. has a 52-week low of $0.61 and a 52-week high of $6.64. The company has a market capitalization of $1.01 billion, a PE ratio of -1.85 and a beta of 2.15. The firm's fifty day moving average is $4.98 and its two-hundred day moving average is $3.82.

About Eos Energy Enterprises

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.