Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report)'s stock price traded up 4.3% on Wednesday . The company traded as high as $4.22 and last traded at $4.28. 223,069 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 7,363,107 shares. The stock had previously closed at $4.10.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Roth Mkm cut Eos Energy Enterprises from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Guggenheim reiterated a "buy" rating and set a $7.00 target price on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Finally, Roth Capital lowered shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Eos Energy Enterprises has a consensus rating of "Hold" and a consensus price target of $4.70.
Get Our Latest Report on Eos Energy Enterprises
Eos Energy Enterprises Trading Up 3.1 %
The stock has a market cap of $994.77 million, a P/E ratio of -1.82 and a beta of 2.15. The business's fifty day simple moving average is $4.93 and its 200 day simple moving average is $3.86.
Institutional Trading of Eos Energy Enterprises
Several hedge funds have recently modified their holdings of the stock. Meridian Wealth Management LLC bought a new position in Eos Energy Enterprises in the 3rd quarter worth approximately $233,000. WESPAC Advisors LLC bought a new stake in shares of Eos Energy Enterprises during the third quarter worth $32,000. FMR LLC lifted its stake in shares of Eos Energy Enterprises by 67.8% during the third quarter. FMR LLC now owns 58,651 shares of the company's stock valued at $174,000 after acquiring an additional 23,706 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Eos Energy Enterprises during the third quarter valued at $741,000. Finally, Brightline Capital Management LLC bought a new position in Eos Energy Enterprises in the third quarter valued at about $4,871,000. 54.87% of the stock is owned by institutional investors.
About Eos Energy Enterprises
(
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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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