Barings LLC Has $11.68 Million Stock Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Barings LLC raised its position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 100.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,403,448 shares of the company's stock after acquiring an additional 1,204,430 shares during the period. Barings LLC owned approximately 1.10% of Eos Energy Enterprises worth $11,681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EOSE. Hollencrest Capital Management raised its position in shares of Eos Energy Enterprises by 1,000.0% during the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company's stock worth $25,000 after purchasing an additional 7,500 shares during the last quarter. Parkside Financial Bank & Trust purchased a new stake in Eos Energy Enterprises during the fourth quarter worth approximately $29,000. R Squared Ltd purchased a new stake in shares of Eos Energy Enterprises in the fourth quarter worth about $31,000. WESPAC Advisors LLC purchased a new stake in shares of Eos Energy Enterprises during the third quarter valued at approximately $32,000. Finally, Walleye Capital LLC purchased a new position in Eos Energy Enterprises in the 3rd quarter valued at about $48,000. Institutional investors and hedge funds own 54.87% of the company's stock.

Eos Energy Enterprises Price Performance

Shares of Eos Energy Enterprises stock traded up $0.16 on Wednesday, hitting $4.11. The company had a trading volume of 4,835,607 shares, compared to its average volume of 7,410,662. Eos Energy Enterprises, Inc. has a twelve month low of $0.61 and a twelve month high of $6.64. The stock has a 50-day moving average of $5.11 and a 200-day moving average of $3.77. The firm has a market capitalization of $895.62 million, a P/E ratio of -1.71 and a beta of 2.15.

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Wall Street Analyst Weigh In

EOSE has been the topic of several research reports. Roth Capital lowered shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Roth Mkm cut Eos Energy Enterprises from a "buy" rating to a "neutral" rating and lifted their price target for the company from $4.00 to $5.00 in a research report on Thursday, February 20th. Finally, Cowen reaffirmed a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Eos Energy Enterprises currently has a consensus rating of "Hold" and a consensus target price of $4.13.

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.