Roth Mkm Trims Eos Energy Enterprises (NASDAQ:EOSE) Target Price to $4.50

Eos Energy Enterprises (NASDAQ:EOSEFree Report) had its price target trimmed by Roth Mkm from $6.00 to $4.50 in a report published on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently commented on the company. Stifel Nicolaus reiterated a buy rating and set a $13.00 price objective on shares of Eos Energy Enterprises in a research report on Wednesday. Guggenheim decreased their price target on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a buy rating on the stock in a research report on Thursday, March 7th. Finally, Evercore ISI lowered their target price on Eos Energy Enterprises from $12.00 to $7.00 and set an outperform rating on the stock in a research report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $4.83.

Get Our Latest Analysis on Eos Energy Enterprises

Eos Energy Enterprises Price Performance

Eos Energy Enterprises stock opened at $0.71 on Thursday. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $5.67. The business’s fifty day simple moving average is $0.86 and its two-hundred day simple moving average is $1.03.

Eos Energy Enterprises (NASDAQ:EOSEGet Free Report) last issued its earnings results on Monday, March 4th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.06. The business had revenue of $6.61 million during the quarter. Sell-side analysts predict that Eos Energy Enterprises will post -0.82 earnings per share for the current year.

Hedge Funds Weigh In On Eos Energy Enterprises

Hedge funds have recently modified their holdings of the stock. Grimes & Company Inc. bought a new stake in Eos Energy Enterprises in the 4th quarter valued at $44,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Eos Energy Enterprises by 74.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock worth $46,000 after acquiring an additional 18,735 shares in the last quarter. Powell Investment Advisors LLC grew its holdings in shares of Eos Energy Enterprises by 155.6% in the fourth quarter. Powell Investment Advisors LLC now owns 46,000 shares of the company’s stock valued at $50,000 after purchasing an additional 28,000 shares in the last quarter. Twin Focus Capital Partners LLC bought a new stake in Eos Energy Enterprises in the third quarter worth $54,000. Finally, Elevatus Welath Management purchased a new stake in Eos Energy Enterprises during the fourth quarter valued at $70,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

About Eos Energy Enterprises

(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.

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