Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) shares were down 12.3% during trading on Monday . The stock traded as low as $4.02 and last traded at $4.04. Approximately 1,412,107 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 7,402,357 shares. The stock had previously closed at $4.60.
Analyst Upgrades and Downgrades
EOSE has been the subject of a number of research reports. Roth Mkm downgraded Eos Energy Enterprises from a "buy" rating to a "neutral" rating and increased their target price for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Roth Capital downgraded shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a research note on Friday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Eos Energy Enterprises presently has an average rating of "Hold" and a consensus price target of $4.13.
Read Our Latest Research Report on Eos Energy Enterprises
Eos Energy Enterprises Price Performance
The company has a market cap of $876.22 million, a PE ratio of -1.68 and a beta of 2.15. The business's fifty day simple moving average is $5.11 and its two-hundred day simple moving average is $3.77.
Hedge Funds Weigh In On Eos Energy Enterprises
A number of institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust purchased a new stake in Eos Energy Enterprises during the fourth quarter worth about $29,000. R Squared Ltd purchased a new position in Eos Energy Enterprises in the fourth quarter valued at approximately $31,000. WESPAC Advisors LLC acquired a new position in shares of Eos Energy Enterprises in the 3rd quarter valued at $32,000. Walleye Capital LLC acquired a new stake in Eos Energy Enterprises during the 3rd quarter worth $48,000. Finally, Carmel Capital Partners LLC acquired a new stake in Eos Energy Enterprises during the 4th quarter worth $49,000. 54.87% of the stock is owned by hedge funds and other 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.
See Also
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
Enter your email address and we'll send you MarketBeat's list of the 10 best stocks to own in 2025 and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
