Swiss National Bank Invests $2.07 Million in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Swiss National Bank bought a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the 4th quarter, Holdings Channel reports. The firm bought 426,200 shares of the company’s stock, valued at approximately $2,071,000.

A number of other institutional investors have also added to or reduced their stakes in EOSE. Parkside Financial Bank & Trust acquired a new stake in Eos Energy Enterprises in the fourth quarter valued at $29,000. R Squared Ltd bought a new stake in shares of Eos Energy Enterprises in the 4th quarter valued at about $31,000. Carmel Capital Partners LLC bought a new stake in shares of Eos Energy Enterprises in the 4th quarter valued at about $49,000. Lake Street Private Wealth LLC acquired a new stake in Eos Energy Enterprises in the 4th quarter valued at about $51,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Eos Energy Enterprises during the fourth quarter worth about $58,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Eos Energy Enterprises Price Performance

Shares of NASDAQ EOSE opened at $4.04 on Friday. The firm has a market cap of $915.46 million, a price-to-earnings ratio of -1.68 and a beta of 2.15. The stock’s fifty day moving average price is $4.85 and its two-hundred day moving average price is $3.89. Eos Energy Enterprises, Inc. has a one year low of $0.61 and a one year high of $6.64.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Roth Capital lowered Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Cowen restated a “hold” rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th. Guggenheim reaffirmed a “buy” rating and set a $7.00 price objective on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Finally, Roth Mkm downgraded shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and upped their price objective for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Eos Energy Enterprises presently has a consensus rating of “Hold” and a consensus price target of $4.70.

Eos Energy Enterprises 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.