Roth Mkm downgraded shares of Eos Energy Enterprises (NASDAQ:EOSE - Free Report) from a buy rating to a neutral rating in a research note released on Thursday, Marketbeat.com reports. Roth Mkm currently has $5.00 price target on the stock, up from their prior price target of $4.00.
Eos Energy Enterprises Stock Performance
Shares of Eos Energy Enterprises stock traded down $0.22 during mid-day trading on Thursday, hitting $4.27. 6,134,271 shares of the stock were exchanged, compared to its average volume of 7,867,965. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $6.64. The company has a 50-day simple moving average of $5.19 and a 200 day simple moving average of $3.57. The company has a market capitalization of $929.39 million, a P/E ratio of -1.77 and a beta of 2.10.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust bought a new stake in Eos Energy Enterprises in the 4th quarter valued at about $29,000. R Squared Ltd bought a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at approximately $31,000. Hollencrest Capital Management lifted its stake 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 valued at $25,000 after buying an additional 7,500 shares in the last quarter. Carmel Capital Partners LLC bought a new position in Eos Energy Enterprises in the 4th quarter worth approximately $49,000. Finally, Lake Street Private Wealth LLC purchased a new position in Eos Energy Enterprises in the 4th quarter valued at approximately $51,000. 54.87% of the stock is owned by institutional investors.
Eos Energy Enterprises Company Profile
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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.
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