Swiss National Bank Buys Shares of 426,200 Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Swiss National Bank purchased a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 426,200 shares of the company's stock, valued at approximately $2,071,000. Swiss National Bank owned about 0.20% of Eos Energy Enterprises as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EOSE. WESPAC Advisors LLC boosted its position in shares of 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 period. Montag A & Associates Inc. lifted its stake in Eos Energy Enterprises by 21.0% in the fourth quarter. Montag A & Associates Inc. now owns 13,809 shares of the company's stock valued at $67,000 after buying an additional 2,400 shares during the last quarter. Parkside Financial Bank & Trust acquired a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at approximately $29,000. R Squared Ltd acquired a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at approximately $31,000. Finally, Carmel Capital Partners LLC purchased a new position in shares of Eos Energy Enterprises during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 54.87% of the company's stock.

Wall Street Analysts Forecast Growth

EOSE has been the subject of several research reports. Guggenheim reiterated a "buy" rating and issued a $7.00 price target on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Roth Mkm cut shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and upped their target price for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Cowen reissued a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Finally, Roth Capital downgraded Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $4.70.

Eos Energy Enterprises Price Performance

Shares of EOSE stock traded down $0.16 during mid-day trading on Monday, hitting $3.78. The stock had a trading volume of 4,227,182 shares, compared to its average volume of 7,372,461. The firm has a market cap of $856.54 million, a PE ratio of -1.57 and a beta of 2.15. The company's 50-day simple moving average is $4.77 and its 200-day simple moving average is $3.93. Eos Energy Enterprises, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $6.64.

Eos Energy Enterprises Company 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.