Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Barings LLC boosted its stake in Eos Energy Enterprises by 100.5% during 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 last quarter. Swiss National Bank acquired a new stake in shares of Eos Energy Enterprises in the 4th quarter valued at about $2,071,000. Geode Capital Management LLC lifted its position 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 worth $7,335,000 after purchasing an additional 376,494 shares during the last quarter. Tidal Investments LLC acquired a new position in Eos Energy Enterprises in the third quarter worth about $993,000. Finally, FourThought Financial Partners LLC acquired a new position in Eos Energy Enterprises in the fourth quarter worth about $1,335,000. Institutional investors and hedge funds own 54.87% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Guggenheim reaffirmed a "buy" rating and set a $7.00 target price on shares of Eos Energy Enterprises in a report on Tuesday, March 18th. Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th. Roth Capital lowered shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Roth Mkm cut 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 report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $4.70.
Get Our Latest Stock Report on Eos Energy Enterprises
Eos Energy Enterprises Trading Down 7.3 %
EOSE traded down $0.28 during trading on Monday, reaching $3.54. 9,276,301 shares of the company were exchanged, compared to its average volume of 7,376,101. Eos Energy Enterprises, Inc. has a 52 week low of $0.61 and a 52 week high of $6.64. The firm has a 50 day moving average of $4.56 and a 200 day moving average of $3.98. The stock has a market cap of $802.16 million, a P/E ratio of -1.47 and a beta of 2.17.
About Eos Energy Enterprises
(
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.
Further Reading
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