Eos Energy Enterprises (NASDAQ:EOSE) PT Lowered to $3.00 at Evercore ISI

Eos Energy Enterprises (NASDAQ:EOSEFree Report) had its target price lowered by Evercore ISI from $7.00 to $3.00 in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus reissued a buy rating and issued a $13.00 price objective on shares of Eos Energy Enterprises in a research note on Wednesday. Guggenheim dropped their price objective on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a buy rating for the company in a research note on Thursday, March 7th. Roth Mkm dropped their price objective on shares of Eos Energy Enterprises from $6.00 to $4.50 and set a buy rating for the company in a research note on Thursday. Finally, TD Cowen dropped their price objective on shares of Eos Energy Enterprises from $3.00 to $2.50 and set a hold rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eos Energy Enterprises presently has an average rating of Moderate Buy and a consensus target price of $4.83.

Check Out Our Latest Analysis on EOSE

Eos Energy Enterprises Trading Up 1.1 %

NASDAQ EOSE opened at $0.71 on Thursday. The firm has a market capitalization of $144.63 million, a price-to-earnings ratio of -0.46 and a beta of 2.29. The firm’s 50 day simple moving average is $0.86 and its 200 day simple moving average is $1.03. Eos Energy Enterprises has a 1 year low of $0.61 and a 1 year high of $5.67.

Eos Energy Enterprises (NASDAQ:EOSEGet Free Report) last posted its quarterly earnings results on Monday, March 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.06. The firm had revenue of $6.61 million for the quarter. On average, equities research analysts forecast that Eos Energy Enterprises will post -0.81 earnings per share for the current year.

Hedge Funds Weigh In On Eos Energy Enterprises

Large investors have recently modified their holdings of the business. Grimes & Company Inc. bought a new position in shares of Eos Energy Enterprises during the fourth quarter valued at $44,000. Price T Rowe Associates Inc. MD increased its position in shares of Eos Energy Enterprises by 74.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock worth $46,000 after buying an additional 18,735 shares during the period. Powell Investment Advisors LLC increased its position in shares of Eos Energy Enterprises by 155.6% during the fourth quarter. Powell Investment Advisors LLC now owns 46,000 shares of the company’s stock worth $50,000 after buying an additional 28,000 shares during the period. Twin Focus Capital Partners LLC acquired a new stake in shares of Eos Energy Enterprises during the third quarter worth $54,000. Finally, Elevatus Welath Management acquired a new stake in shares of Eos Energy Enterprises during the fourth quarter worth $70,000. Institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Company Profile

(Get 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

Analyst Recommendations for Eos Energy Enterprises (NASDAQ:EOSE)

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