Renaissance Technologies LLC Sells 12,400 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Renaissance Technologies LLC decreased its stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 966,231 shares of the company’s stock after selling 12,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Eos Energy Enterprises were worth $4,696,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in EOSE. State Street Corp increased its stake in Eos Energy Enterprises by 9.5% during the third 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 during the period. Geode Capital Management LLC raised its stake in shares of Eos Energy Enterprises by 18.0% in the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock valued at $7,335,000 after purchasing an additional 376,494 shares in the last quarter. Virtu Financial LLC bought a new position in Eos Energy Enterprises in the third quarter worth $206,000. Tidal Investments LLC acquired a new stake in Eos Energy Enterprises during the third quarter worth $993,000. Finally, Lake Street Private Wealth LLC bought a new stake in Eos Energy Enterprises in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Down 4.6 %

Shares of NASDAQ:EOSE opened at $4.52 on Tuesday. The firm has a market cap of $1.02 billion, a P/E ratio of -1.88 and a beta of 2.17. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $6.64. The company’s 50-day moving average price is $4.26 and its two-hundred day moving average price is $4.09.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EOSE shares. Roth Mkm lowered shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and increased their price target for the stock from $4.00 to $5.00 in a research report 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. Guggenheim restated a “buy” rating and issued a $7.00 target price on shares of Eos Energy Enterprises in a research note on Tuesday, March 18th. Finally, Cowen reissued a “hold” rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.