274,617 Shares in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Bought by FourThought Financial Partners LLC

FourThought Financial Partners LLC acquired a new stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 274,617 shares of the company's stock, valued at approximately $1,335,000. FourThought Financial Partners LLC owned approximately 0.13% of Eos Energy Enterprises at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EOSE. Geode Capital Management LLC grew its position in shares of 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 valued at $7,335,000 after acquiring an additional 376,494 shares during the period. Brightline Capital Management LLC bought a new stake in shares of Eos Energy Enterprises in the third quarter valued at $4,871,000. State Street Corp raised its stake in shares of Eos Energy Enterprises by 9.5% in the third quarter. State Street Corp now owns 875,439 shares of the company's stock valued at $2,600,000 after buying an additional 75,657 shares during the period. Tidal Investments LLC purchased a new position in shares of Eos Energy Enterprises during the 3rd quarter valued at $993,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Eos Energy Enterprises during the 3rd quarter worth $741,000. 54.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Roth Mkm lowered shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and increased their target price for the stock from $4.00 to $5.00 in a research report on Thursday, February 20th. Roth Capital cut shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $4.10.

Remove Ads

Eos Energy Enterprises Stock Performance

Eos Energy Enterprises stock traded up $0.30 during midday trading on Friday, reaching $4.37. 5,887,641 shares of the stock were exchanged, compared to its average volume of 7,365,045. The company's fifty day moving average is $5.20 and its 200-day moving average is $3.62. Eos Energy Enterprises, Inc. has a 52 week low of $0.61 and a 52 week high of $6.64. The firm has a market cap of $952.28 million, a PE ratio of -1.81 and a beta of 2.10.

Eos Energy Enterprises Company Profile

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.