Daiwa Securities Group Inc. Acquires New Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Daiwa Securities Group Inc. bought a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,865 shares of the company’s stock, valued at approximately $101,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SCP Investment LP acquired a new position in shares of Eos Energy Enterprises during the third quarter worth $80,000. Meridian Wealth Management LLC acquired a new position in Eos Energy Enterprises during the 3rd quarter worth about $233,000. WESPAC Advisors LLC bought a new stake in shares of Eos Energy Enterprises in the 3rd quarter valued at about $32,000. FMR LLC increased its stake in shares of Eos Energy Enterprises by 67.8% in the third quarter. FMR LLC now owns 58,651 shares of the company’s stock valued at $174,000 after buying an additional 23,706 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Eos Energy Enterprises during the third quarter worth about $741,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Eos Energy Enterprises Stock Up 0.7 %

Shares of EOSE stock opened at $4.16 on Tuesday. The firm has a 50 day moving average of $5.00 and a 200-day moving average of $3.81. The company has a market cap of $942.65 million, a price-to-earnings ratio of -1.73 and a beta of 2.15. Eos Energy Enterprises, Inc. has a 52 week low of $0.61 and a 52 week high of $6.64.

Wall Street Analysts Forecast Growth

EOSE has been the subject of a number of recent analyst reports. Roth Capital downgraded shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Cowen reiterated a “hold” rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Finally, Roth Mkm lowered shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and boosted their target price for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.13.

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.