Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) shot up 9.2% on Thursday . The stock traded as high as $5.93 and last traded at $5.94. 1,375,744 shares were traded during trading, a decline of 84% from the average session volume of 8,711,193 shares. The stock had previously closed at $5.44.
Analyst Upgrades and Downgrades
Separately, Roth Mkm decreased their price objective on Eos Energy Enterprises from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $3.90.
View Our Latest Stock Report on Eos Energy Enterprises
Eos Energy Enterprises Price Performance
The firm has a 50 day moving average of $4.55 and a two-hundred day moving average of $3.20. The stock has a market cap of $1.25 billion, a PE ratio of -2.38 and a beta of 2.09.
Institutional Trading of Eos Energy Enterprises
Hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC raised its stake in shares of Eos Energy Enterprises by 5,744.5% during the second quarter. Millennium Management LLC now owns 3,164,017 shares of the company's stock worth $4,018,000 after purchasing an additional 3,109,880 shares during the last quarter. Brightline Capital Management LLC purchased a new stake in Eos Energy Enterprises in the 3rd quarter valued at approximately $4,871,000. Geode Capital Management LLC increased its position in Eos Energy Enterprises by 18.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company's stock worth $7,335,000 after purchasing an additional 376,494 shares during the period. Tidal Investments LLC purchased a new position in shares of Eos Energy Enterprises during the 3rd quarter worth approximately $993,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Eos Energy Enterprises in the 3rd quarter valued at approximately $741,000. Institutional investors and hedge funds 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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