Russell Investments Group Ltd. Purchases Shares of 80,417 Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Russell Investments Group Ltd. acquired a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 80,417 shares of the company's stock, valued at approximately $391,000.

A number of other institutional investors also recently bought and sold shares of EOSE. Parkside Financial Bank & Trust acquired a new stake in shares of Eos Energy Enterprises during the 4th quarter worth about $29,000. R Squared Ltd acquired a new stake in Eos Energy Enterprises during the fourth quarter worth approximately $31,000. Carmel Capital Partners LLC purchased a new stake in Eos Energy Enterprises in the 4th quarter worth approximately $49,000. Lake Street Private Wealth LLC acquired a new position in Eos Energy Enterprises in the 4th quarter valued at $51,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Eos Energy Enterprises in the fourth quarter valued at $58,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Eos Energy Enterprises Stock Performance

Shares of EOSE traded up $0.34 during mid-day trading on Friday, hitting $5.22. The company's stock had a trading volume of 5,390,862 shares, compared to its average volume of 7,480,486. Eos Energy Enterprises, Inc. has a one year low of $0.61 and a one year high of $6.64. The stock's 50-day moving average is $4.25 and its two-hundred day moving average is $4.14. The firm has a market capitalization of $1.18 billion, a PE ratio of -2.17 and a beta of 2.17.

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.