Brokerages Set Eos Energy Enterprises, Inc. (NASDAQ:EOSE) PT at $4.13

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) has received an average rating of "Hold" from the eight analysts that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $4.70.

EOSE has been the topic of several research reports. Guggenheim reaffirmed a "buy" rating and issued a $7.00 target price on shares of Eos Energy Enterprises in a research report on Tuesday. Roth Capital downgraded Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Cowen reaffirmed a "hold" rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Finally, Roth Mkm downgraded Eos Energy Enterprises from a "buy" rating to a "neutral" rating and upped their target price for the company from $4.00 to $5.00 in a research report on Thursday, February 20th.

Institutional Investors Weigh In On Eos Energy Enterprises

A number of large investors have recently added to or reduced their stakes in EOSE. Legal & General Group Plc grew its position in Eos Energy Enterprises by 61,220.5% during the fourth quarter. Legal & General Group Plc now owns 4,804,461 shares of the company's stock worth $23,350,000 after buying an additional 4,796,626 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Eos Energy Enterprises during the fourth quarter worth approximately $16,632,000. Brightline Capital Management LLC acquired a new stake in Eos Energy Enterprises during the third quarter worth approximately $4,871,000. Alyeska Investment Group L.P. grew its position in Eos Energy Enterprises by 714.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,628,500 shares of the company's stock worth $7,915,000 after buying an additional 1,428,500 shares in the last quarter. Finally, Barings LLC lifted its stake in Eos Energy Enterprises by 100.5% during the fourth quarter. Barings LLC now owns 2,403,448 shares of the company's stock worth $11,681,000 after purchasing an additional 1,204,430 shares during the last quarter. Institutional investors and hedge funds own 54.87% of the company's stock.

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Eos Energy Enterprises Trading Down 4.1 %

NASDAQ:EOSE traded down $0.18 on Monday, hitting $4.26. The company's stock had a trading volume of 3,865,494 shares, compared to its average volume of 7,378,036. The stock has a fifty day moving average of $4.96 and a two-hundred day moving average of $3.83. The firm has a market capitalization of $965.31 million, a P/E ratio of -1.77 and a beta of 2.15. Eos Energy Enterprises has a one year low of $0.61 and a one year high of $6.64.

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.