Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $3.94, but opened at $4.20. Eos Energy Enterprises shares last traded at $4.44, with a volume of 1,782,040 shares traded.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on EOSE. Roth Mkm downgraded Eos Energy Enterprises from a "buy" rating to a "neutral" rating and increased their price target for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Roth Capital cut shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $4.13.
Check Out Our Latest Stock Analysis on EOSE
Eos Energy Enterprises Trading Up 1.5 %
The company's 50-day simple moving average is $5.15 and its 200 day simple moving average is $3.74. The stock has a market cap of $1.00 billion, a P/E ratio of -1.91 and a beta of 2.15.
Institutional Investors Weigh In On Eos Energy Enterprises
A number of hedge funds have recently modified their holdings of the stock. WESPAC Advisors LLC raised its holdings in shares of Eos Energy Enterprises by 16.6% in the 4th quarter. WESPAC Advisors LLC now owns 12,647 shares of the company's stock worth $61,000 after purchasing an additional 1,798 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Eos Energy Enterprises by 3.6% in the 4th quarter. Wells Fargo & Company MN now owns 62,075 shares of the company's stock worth $302,000 after purchasing an additional 2,175 shares during the period. Montag A & Associates Inc. raised its holdings in shares of Eos Energy Enterprises by 21.0% in the 4th quarter. Montag A & Associates Inc. now owns 13,809 shares of the company's stock worth $67,000 after purchasing an additional 2,400 shares during the period. Parkside Financial Bank & Trust bought a new stake in shares of Eos Energy Enterprises in the 4th quarter worth approximately $29,000. Finally, R Squared Ltd bought a new stake in shares of Eos Energy Enterprises in the 4th quarter worth approximately $31,000. 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.
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