Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report)'s stock price fell 8.3% during trading on Monday . The stock traded as low as $4.06 and last traded at $4.01. 2,627,256 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 7,377,340 shares. The stock had previously closed at $4.37.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on EOSE shares. Roth Mkm cut shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and upped their price target for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Roth Capital cut Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $4.10.
Get Our Latest Stock Report on Eos Energy Enterprises
Eos Energy Enterprises Price Performance
The stock has a 50 day moving average of $5.19 and a 200 day moving average of $3.66. The firm has a market cap of $867.29 million, a P/E ratio of -1.65 and a beta of 2.10.
Institutional Trading of Eos Energy Enterprises
A number of hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Eos Energy Enterprises by 245.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 187,750 shares of the company's stock worth $912,000 after acquiring an additional 133,350 shares during the last quarter. Alpine Global Management LLC purchased a new position in Eos Energy Enterprises in the 4th quarter worth $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Eos Energy Enterprises in the fourth quarter worth $1,581,000. Williams Jones Wealth Management LLC. purchased a new stake in Eos Energy Enterprises during the fourth quarter valued at about $158,000. Finally, ProShare Advisors LLC bought a new position in shares of Eos Energy Enterprises during the fourth quarter valued at about $232,000. Institutional investors own 54.87% of the company's stock.
About Eos Energy Enterprises
(
Get Free Report)
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.
Further Reading
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