Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.22, but opened at $4.43. Eos Energy Enterprises shares last traded at $4.71, with a volume of 1,516,548 shares.
Analysts Set New Price Targets
A number of research firms recently issued reports on EOSE. Roth Capital lowered Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Guggenheim reissued a "buy" rating and set a $7.00 price target on shares of Eos Energy Enterprises in a report on Tuesday, March 18th. Roth Mkm cut shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Finally, Cowen reissued a "hold" rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $4.70.
Check Out Our Latest Report on Eos Energy Enterprises
Eos Energy Enterprises Stock Performance
The business has a 50 day simple moving average of $4.27 and a 200-day simple moving average of $4.08. The stock has a market capitalization of $1.08 billion, a P/E ratio of -1.97 and a beta of 2.17.
Institutional Investors Weigh In On Eos Energy Enterprises
Several hedge funds and other institutional investors have recently bought and sold shares of EOSE. Flagship Private Wealth LLC grew its stake in shares of Eos Energy Enterprises by 25.3% in the 1st quarter. Flagship Private Wealth LLC now owns 69,291 shares of the company's stock worth $262,000 after purchasing an additional 14,000 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of Eos Energy Enterprises in the 1st quarter worth $43,000. California State Teachers Retirement System acquired a new stake in shares of Eos Energy Enterprises during the fourth quarter worth $908,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Eos Energy Enterprises by 245.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 187,750 shares of the company's stock valued at $912,000 after purchasing an additional 133,350 shares during the last quarter. Finally, Alpine Global Management LLC acquired a new position in shares of Eos Energy Enterprises in the 4th quarter valued at $236,000. 54.87% of the stock is currently owned by institutional investors.
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.
Featured Stories
Before you consider Eos Energy Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eos Energy Enterprises wasn't on the list.
While Eos Energy Enterprises currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
