Tidal Investments LLC Takes Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Tidal Investments LLC purchased a new position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 334,445 shares of the company's stock, valued at approximately $993,000. Tidal Investments LLC owned about 0.15% of Eos Energy Enterprises at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. &PARTNERS boosted its position in shares of Eos Energy Enterprises by 27.4% during the second quarter. &PARTNERS now owns 411,900 shares of the company's stock valued at $523,000 after buying an additional 88,650 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Eos Energy Enterprises by 40.0% in the second quarter. Cullen Frost Bankers Inc. now owns 70,000 shares of the company's stock worth $89,000 after acquiring an additional 20,000 shares during the period. Ground Swell Capital LLC purchased a new stake in Eos Energy Enterprises in the second quarter worth approximately $34,000. Point72 DIFC Ltd bought a new stake in Eos Energy Enterprises in the 2nd quarter worth approximately $83,000. Finally, Cubist Systematic Strategies LLC raised its stake in Eos Energy Enterprises by 138,544.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,485 shares of the company's stock valued at $171,000 after buying an additional 134,388 shares during the last quarter. Institutional investors own 54.87% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm cut their price objective on Eos Energy Enterprises from $4.50 to $4.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Eos Energy Enterprises has an average rating of "Moderate Buy" and a consensus price target of $3.90.

Eos Energy Enterprises Trading Up 5.8 %

NASDAQ EOSE traded up $0.25 on Friday, hitting $4.57. 14,933,082 shares of the company traded hands, compared to its average volume of 6,973,564. The business's 50 day moving average price is $3.02 and its 200-day moving average price is $2.32. The company has a market capitalization of $995.86 million, a price-to-earnings ratio of -1.90 and a beta of 2.31. Eos Energy Enterprises, Inc. has a 52-week low of $0.61 and a 52-week high of $4.68.

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.