Traders Buy Large Volume of Call Options on Eos Energy Enterprises (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) was the target of unusually large options trading activity on Monday. Stock traders bought 41,458 call options on the company. This is an increase of approximately 59% compared to the typical volume of 26,001 call options.

Hedge Funds Weigh In On Eos Energy Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of the company. WESPAC Advisors LLC boosted its holdings in Eos Energy Enterprises by 16.6% in the 4th quarter. WESPAC Advisors LLC now owns 12,647 shares of the company's stock valued at $61,000 after purchasing an additional 1,798 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Eos Energy Enterprises by 3.6% in the 4th quarter. Wells Fargo & Company MN now owns 62,075 shares of the company's stock valued at $302,000 after acquiring an additional 2,175 shares during the period. Montag A & Associates Inc. raised its stake in shares of Eos Energy Enterprises by 21.0% in the 4th quarter. Montag A & Associates Inc. now owns 13,809 shares of the company's stock valued at $67,000 after acquiring an additional 2,400 shares during the period. Parkside Financial Bank & Trust purchased a new stake in shares of Eos Energy Enterprises in the 4th quarter valued at approximately $29,000. Finally, R Squared Ltd purchased a new stake in shares of Eos Energy Enterprises in the 4th quarter valued at approximately $31,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EOSE has been the topic of a number of recent research reports. Roth Capital lowered shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Roth Mkm lowered shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $4.00 to $5.00 in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $4.10.

Eos Energy Enterprises Stock Down 1.0 %

NASDAQ:EOSE traded down $0.04 on Tuesday, hitting $3.94. The stock had a trading volume of 6,899,527 shares, compared to its average volume of 7,399,202. The stock has a market cap of $858.57 million, a price-to-earnings ratio of -1.63 and a beta of 2.10. The company has a fifty day moving average price of $5.17 and a two-hundred day moving average price of $3.69. Eos Energy Enterprises has a 1-year low of $0.61 and a 1-year high of $6.64.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported ($2.20) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($2.02). As a group, analysts anticipate that Eos Energy Enterprises will post -2.54 earnings per share for the current year.

About Eos Energy Enterprises

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.