Souders Financial Advisors Decreases Stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Souders Financial Advisors decreased its stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 32.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,507 shares of the company's stock after selling 60,095 shares during the quarter. Souders Financial Advisors owned about 0.06% of Eos Energy Enterprises worth $615,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Focused Wealth Management Inc acquired a new stake in shares of Eos Energy Enterprises in the third quarter worth $46,000. Flagship Private Wealth LLC increased its stake in shares of Eos Energy Enterprises by 204.3% in the third quarter. Flagship Private Wealth LLC now owns 32,766 shares of the company's stock worth $97,000 after acquiring an additional 22,000 shares during the period. Canal Insurance CO increased its stake in shares of Eos Energy Enterprises by 20.0% in the third quarter. Canal Insurance CO now owns 120,000 shares of the company's stock worth $356,000 after acquiring an additional 20,000 shares during the period. Hollencrest Capital Management increased its stake in shares of Eos Energy Enterprises by 1,000.0% in the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company's stock worth $25,000 after acquiring an additional 7,500 shares during the period. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in shares of Eos Energy Enterprises in the third quarter worth $174,000. Institutional investors and hedge funds own 54.87% of the company's stock.

Eos Energy Enterprises Stock Performance

NASDAQ EOSE traded up $0.07 during mid-day trading on Friday, reaching $4.60. 5,695,551 shares of the stock were exchanged, compared to its average volume of 7,423,991. The business's 50 day moving average is $5.15 and its 200-day moving average is $3.74. Eos Energy Enterprises, Inc. has a 1 year low of $0.61 and a 1 year high of $6.64. The company has a market capitalization of $1.00 billion, a P/E ratio of -1.91 and a beta of 2.15.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. 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. Roth Mkm downgraded shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and increased their price target for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $4.13.

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.