Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $3.90.

Separately, Roth Mkm lowered their target price on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th.

Eos Energy Enterprises Price Performance

Shares of Eos Energy Enterprises stock opened at $6.19 on Friday. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $6.47. The firm has a market capitalization of $1.35 billion, a PE ratio of -2.57 and a beta of 2.09. The company’s fifty day moving average price is $4.14 and its two-hundred day moving average price is $3.05.

Institutional Investors Weigh In On Eos Energy Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Eos Energy Enterprises during the 4th quarter worth about $31,000. Hollencrest Capital Management grew its stake in Eos Energy Enterprises by 1,000.0% during the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after buying an additional 7,500 shares during the last quarter. Lake Street Private Wealth LLC acquired a new stake in shares of Eos Energy Enterprises during the fourth quarter worth approximately $51,000. WESPAC Advisors LLC bought a new position in shares of Eos Energy Enterprises in the third quarter valued at approximately $32,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Eos Energy Enterprises in the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

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.