Eos Energy Enterprises (NASDAQ:EOSE) Downgraded by Roth Capital to Hold

Roth Capital downgraded shares of Eos Energy Enterprises (NASDAQ:EOSE - Free Report) from a strong-buy rating to a hold rating in a report released on Thursday,Zacks.com reports.

Separately, Roth Mkm lowered shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and boosted their target price for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Four 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, Eos Energy Enterprises currently has a consensus rating of "Hold" and a consensus target price of $4.10.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ EOSE traded down $0.17 during trading on Thursday, hitting $4.09. 9,025,286 shares of the company were exchanged, compared to its average volume of 7,926,560. The company has a fifty day moving average price of $5.19 and a 200-day moving average price of $3.59. The firm has a market capitalization of $891.26 million, a PE ratio of -1.70 and a beta of 2.10. Eos Energy Enterprises has a 12-month low of $0.61 and a 12-month high of $6.64.

Institutional Investors Weigh In On Eos Energy Enterprises

A number of institutional investors have recently made changes to their positions in EOSE. B. Riley Wealth Advisors Inc. boosted its position in shares of Eos Energy Enterprises by 245.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 187,750 shares of the company's stock worth $912,000 after purchasing an additional 133,350 shares during the period. Alpine Global Management LLC acquired a new position in Eos Energy Enterprises during the fourth quarter worth $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Eos Energy Enterprises during the fourth quarter worth $1,581,000. Williams Jones Wealth Management LLC. acquired a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at $158,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at $232,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

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.