Mitsubishi UFJ Asset Management Co. Ltd. Invests $889,000 in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 182,865 shares of the company's stock, valued at approximately $889,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.08% of Eos Energy Enterprises as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arizona State Retirement System bought a new stake in Eos Energy Enterprises in the 4th quarter valued at about $305,000. Geode Capital Management LLC raised its holdings in shares of Eos Energy Enterprises by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company's stock valued at $7,335,000 after buying an additional 376,494 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Eos Energy Enterprises during the third quarter valued at approximately $993,000. FourThought Financial Partners LLC bought a new position in Eos Energy Enterprises in the 4th quarter worth approximately $1,335,000. Finally, Barings LLC increased its position in Eos Energy Enterprises by 100.5% in the 4th quarter. Barings LLC now owns 2,403,448 shares of the company's stock valued at $11,681,000 after acquiring an additional 1,204,430 shares during the period. Institutional investors and hedge funds own 54.87% of the company's stock.

Eos Energy Enterprises Stock Down 3.8 %

Eos Energy Enterprises stock traded down $0.15 during midday trading on Friday, hitting $3.82. The company's stock had a trading volume of 6,499,144 shares, compared to its average volume of 7,352,285. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $6.64. The company has a market capitalization of $865.61 million, a PE ratio of -1.59 and a beta of 2.17. The stock's 50-day moving average price is $4.65 and its 200-day moving average price is $3.94.

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Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Guggenheim reiterated a "buy" rating and set a $7.00 price target on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Roth Mkm downgraded shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Roth Capital cut shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Eos Energy Enterprises presently has a consensus rating of "Hold" and an average target price of $4.70.

Eos Energy Enterprises 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.