Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) rose 6.6% during trading on Friday . The company traded as high as $4.34 and last traded at $4.34. Approximately 1,969,574 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 7,581,296 shares. The stock had previously closed at $4.07.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on EOSE. Roth Mkm downgraded Eos Energy Enterprises from a "buy" rating to a "neutral" rating and increased their price target for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Roth Capital lowered Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Eos Energy Enterprises presently has a consensus rating of "Hold" and a consensus target price of $4.10.
View Our Latest Analysis on EOSE
Eos Energy Enterprises Stock Up 1.2 %
The firm's 50 day simple moving average is $5.18 and its 200 day simple moving average is $3.68. The company has a market cap of $879.49 million, a price-to-earnings ratio of -1.67 and a beta of 2.10.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in Eos Energy Enterprises by 6.4% in the fourth quarter. Stifel Financial Corp now owns 4,978,078 shares of the company's stock worth $24,193,000 after purchasing an additional 297,909 shares during the period. Legal & General Group Plc lifted its stake in shares of Eos Energy Enterprises by 61,220.5% in the 4th quarter. Legal & General Group Plc now owns 4,804,461 shares of the company's stock worth $23,350,000 after acquiring an additional 4,796,626 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Eos Energy Enterprises in the 4th quarter worth approximately $16,632,000. Geode Capital Management LLC boosted its holdings in shares of Eos Energy Enterprises by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 2,510,088 shares of the company's stock valued at $12,205,000 after acquiring an additional 41,440 shares in the last quarter. Finally, Barings LLC increased its stake in shares of Eos Energy Enterprises by 100.5% during the fourth quarter. Barings LLC now owns 2,403,448 shares of the company's stock valued at $11,681,000 after acquiring an additional 1,204,430 shares during the period. 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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