Eos Energy Enterprises (NASDAQ:EOSE) Lowered to “Neutral” Rating by Roth Mkm

Posted by Editorial Team on Feb 22nd, 2025

Eos Energy Enterprises (NASDAQ:EOSE – Get Free Report) was downgraded by research analysts at Roth Mkm from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, Marketbeat reports. They presently have a $5.00 target price on the stock, up from their prior target price of $4.00. Roth Mkm’s target price points to a potential upside of 11.61% from the stock’s previous close.

Eos Energy Enterprises Stock Down 5.7 %

Shares of EOSE stock opened at $4.48 on Thursday. Eos Energy Enterprises has a fifty-two week low of $0.61 and a fifty-two week high of $6.64. The stock has a market capitalization of $976.25 million, a P/E ratio of -1.86 and a beta of 2.10. The stock has a 50-day simple moving average of $5.19 and a 200 day simple moving average of $3.54.

Institutional Investors Weigh In On Eos Energy Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management raised its stake in shares of Eos Energy Enterprises by 1,000.0% in the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock valued at $25,000 after acquiring an additional 7,500 shares in the last quarter. Parkside Financial Bank & Trust acquired a new stake in shares of Eos Energy Enterprises during the 4th quarter worth approximately $29,000. R Squared Ltd acquired a new stake in shares of Eos Energy Enterprises during the 4th quarter worth approximately $31,000. WESPAC Advisors LLC acquired a new stake in shares of Eos Energy Enterprises during the 3rd quarter worth approximately $32,000. Finally, Focused Wealth Management Inc acquired a new stake in Eos Energy Enterprises in the 3rd quarter valued at $46,000. 54.87% of the stock is owned by hedge funds and other institutional investors.

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.