Eos Energy Enterprises (NASDAQ:EOSE) Rating Lowered to “Hold” at Roth Capital

Eos Energy Enterprises (NASDAQ:EOSE) was downgraded by Roth Capital from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Separately, Roth Mkm lowered Eos Energy Enterprises from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $4.00 to $5.00 in a research note on Thursday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.10.

Eos Energy Enterprises Stock Performance

Shares of Eos Energy Enterprises 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 company has a market capitalization of $976.25 million, a P/E ratio of -1.86 and a beta of 2.10. The company has a fifty day moving average of $5.19 and a 200 day moving average of $3.54.

Institutional Trading of Eos Energy Enterprises

Several hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust bought a new stake in shares of Eos Energy Enterprises in the fourth quarter worth about $29,000. R Squared Ltd purchased a new position in Eos Energy Enterprises during the 4th quarter valued at approximately $31,000. Hollencrest Capital Management grew its holdings in Eos Energy Enterprises by 1,000.0% during the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock valued at $25,000 after buying an additional 7,500 shares in the last quarter. Carmel Capital Partners LLC bought a new stake in Eos Energy Enterprises in the 4th quarter worth approximately $49,000. Finally, Lake Street Private Wealth LLC purchased a new stake in shares of Eos Energy Enterprises during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors 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.