Analysts Set Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Target Price at $3.90

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) have received an average rating of "Moderate Buy" from the six analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $3.90.

Separately, Roth Mkm cut their price objective on Eos Energy Enterprises from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th.

Hedge Funds Weigh In On Eos Energy Enterprises

A number of large investors have recently bought and sold shares of EOSE. Millennium Management LLC raised its position in shares of Eos Energy Enterprises by 5,744.5% during the 2nd quarter. Millennium Management LLC now owns 3,164,017 shares of the company's stock worth $4,018,000 after purchasing an additional 3,109,880 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Eos Energy Enterprises during the 2nd quarter worth $216,000. Geode Capital Management LLC increased its position in Eos Energy Enterprises by 18.0% in the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company's stock worth $7,335,000 after buying an additional 376,494 shares during the period. Tidal Investments LLC bought a new stake in Eos Energy Enterprises in the third quarter valued at $993,000. Finally, State Street Corp boosted its holdings in shares of Eos Energy Enterprises by 9.5% during the third 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 period. Institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Stock Down 2.3 %

Shares of EOSE traded down $0.14 during midday trading on Friday, hitting $6.02. The company had a trading volume of 9,384,937 shares, compared to its average volume of 9,835,002. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -2.50 and a beta of 2.09. The company's 50 day moving average price is $3.79 and its 200 day moving average price is $2.90. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $6.47.

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.