64,812 Shares in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the 4th quarter, Holdings Channel reports. The firm acquired 64,812 shares of the company’s stock, valued at approximately $315,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EOSE. FMR LLC increased its position 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 in the last quarter. Walleye Capital LLC acquired a new stake in Eos Energy Enterprises in the 3rd quarter valued at about $48,000. State Street Corp increased its holdings in Eos Energy Enterprises by 9.5% during the 3rd quarter. State Street Corp now owns 875,439 shares of the company’s stock valued at $2,600,000 after acquiring an additional 75,657 shares in the last quarter. Geode Capital Management LLC raised its position in Eos Energy Enterprises by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock worth $7,335,000 after acquiring an additional 376,494 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Eos Energy Enterprises in the third quarter valued at approximately $206,000. 54.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EOSE has been the subject of several research reports. Guggenheim restated a “buy” rating and set a $7.00 price objective on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Roth Mkm lowered Eos Energy Enterprises from a “buy” rating to a “neutral” rating and increased their price objective for the company from $4.00 to $5.00 in a research note on Thursday, February 20th. Roth Capital cut Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Cowen restated a “hold” rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Eos Energy Enterprises currently has a consensus rating of “Hold” and a consensus target price of $4.70.

Eos Energy Enterprises Trading Up 17.0 %

Eos Energy Enterprises stock opened at $3.86 on Thursday. The stock has a fifty day moving average price of $4.39 and a 200 day moving average price of $3.99. Eos Energy Enterprises, Inc. has a 52 week low of $0.61 and a 52 week high of $6.64. The firm has a market capitalization of $874.67 million, a P/E ratio of -1.60 and a beta of 2.17.

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.