Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $5.40, but opened at $5.21. Eos Energy Enterprises shares last traded at $5.32, with a volume of 1,318,471 shares traded.
Analyst Upgrades and Downgrades
Separately, Roth Mkm dropped their target price on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $3.90.
Check Out Our Latest Stock Report on Eos Energy Enterprises
Eos Energy Enterprises Stock Down 6.3 %
The business has a fifty day simple moving average of $5.07 and a 200-day simple moving average of $3.48. The firm has a market cap of $1.07 billion, a P/E ratio of -2.03 and a beta of 2.10.
Hedge Funds Weigh In On Eos Energy Enterprises
A number of institutional investors have recently added to or reduced their stakes in the company. WESPAC Advisors LLC grew its stake in shares of Eos Energy Enterprises by 16.6% in the fourth quarter. WESPAC Advisors LLC now owns 12,647 shares of the company's stock worth $61,000 after acquiring an additional 1,798 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Eos Energy Enterprises by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 62,075 shares of the company's stock worth $302,000 after acquiring an additional 2,175 shares during the last quarter. Montag A & Associates Inc. grew its stake in shares of Eos Energy Enterprises by 21.0% in the fourth quarter. Montag A & Associates Inc. now owns 13,809 shares of the company's stock worth $67,000 after acquiring an additional 2,400 shares during the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of Eos Energy Enterprises in the fourth quarter worth $29,000. Finally, R Squared Ltd purchased a new stake in shares of Eos Energy Enterprises in the fourth quarter worth $31,000. Institutional investors own 54.87% of the company's stock.
Eos Energy Enterprises Company Profile
(
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.
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