Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) have earned an average rating of "Moderate Buy" from the seven research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $3.90.

A number of research analysts recently issued reports on the stock. Stifel Nicolaus reiterated a "buy" rating and set a $6.00 target price on shares of Eos Energy Enterprises in a research report on Wednesday, August 21st. Roth Mkm decreased their target price on Eos Energy Enterprises from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, November 7th.

Insider Buying and Selling

In other Eos Energy Enterprises news, Director Jeffrey S. Bornstein sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $2.62, for a total transaction of $78,600.00. Following the completion of the sale, the director now directly owns 84,929 shares of the company's stock, valued at approximately $222,513.98. The trade was a 26.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Hollencrest Capital Management raised its position in Eos Energy Enterprises by 1,000.0% in the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company's stock valued at $25,000 after buying an additional 7,500 shares during the last quarter. WESPAC Advisors LLC purchased a new stake in shares of Eos Energy Enterprises in the third quarter valued at about $32,000. Focused Wealth Management Inc bought a new position in shares of Eos Energy Enterprises during the third quarter valued at about $46,000. Walleye Capital LLC purchased a new position in Eos Energy Enterprises during the third quarter worth about $48,000. Finally, Venture Visionary Partners LLC purchased a new position in Eos Energy Enterprises during the third quarter worth about $59,000. Institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Stock Performance

Shares of EOSE stock opened at $2.70 on Thursday. Eos Energy Enterprises has a fifty-two week low of $0.61 and a fifty-two week high of $3.66. The stock has a 50 day simple moving average of $2.86 and a two-hundred day simple moving average of $2.04. The company has a market cap of $588.36 million, a P/E ratio of -1.12 and a beta of 2.38.

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.