Brokerages Set Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Target Price at $3.90

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have earned an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $4.10.

Several equities analysts have issued reports on EOSE shares. Roth Capital cut shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Roth Mkm lowered Eos Energy Enterprises from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $4.00 to $5.00 in a research report on Thursday.

Institutional Trading of Eos Energy Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EOSE. Hollencrest Capital Management boosted its holdings in Eos Energy Enterprises by 1,000.0% in the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after acquiring an additional 7,500 shares in the last quarter. Parkside Financial Bank & Trust acquired a new stake in Eos Energy Enterprises in the fourth quarter valued at approximately $29,000. R Squared Ltd acquired a new stake in Eos Energy Enterprises in the fourth quarter valued at approximately $31,000. WESPAC Advisors LLC acquired a new stake in Eos Energy Enterprises in the 3rd quarter valued at $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 institutional investors.

Eos Energy Enterprises Price Performance

Eos Energy Enterprises stock opened at $4.48 on Thursday. The business has a 50 day moving average of $5.19 and a 200-day moving average of $3.55. Eos Energy Enterprises has a 1 year low of $0.61 and a 1 year high of $6.64. The company has a market capitalization of $976.24 million, a P/E ratio of -1.86 and a beta of 2.10.

Eos Energy Enterprises Company Profile

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.