Eos Energy Enterprises Sees Unusually High Options Volume (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) saw unusually large options trading activity on Wednesday. Traders acquired 45,477 call options on the company. This is an increase of 177% compared to the typical daily volume of 16,397 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $6.00 price target on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Roth Mkm reduced their target price on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Eos Energy Enterprises presently has an average rating of “Moderate Buy” and an average target price of $3.90.

Institutional Investors Weigh In On Eos Energy Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management raised its holdings in shares of Eos Energy Enterprises by 1,000.0% in the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock valued at $25,000 after purchasing an additional 7,500 shares in the last quarter. WESPAC Advisors LLC purchased a new position in Eos Energy Enterprises during the third quarter valued at approximately $32,000. Focused Wealth Management Inc bought a new position in Eos Energy Enterprises in the third quarter worth approximately $46,000. Walleye Capital LLC purchased a new stake in Eos Energy Enterprises during the third quarter worth $48,000. Finally, Cullen Frost Bankers Inc. boosted its position in Eos Energy Enterprises by 40.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 70,000 shares of the company’s stock valued at $89,000 after acquiring an additional 20,000 shares in the last quarter. 54.87% of the stock is owned by institutional investors.

Eos Energy Enterprises Trading Up 7.2 %

Shares of NASDAQ EOSE traded up $0.28 during trading hours on Wednesday, reaching $4.19. The stock had a trading volume of 8,927,112 shares, compared to its average volume of 6,885,864. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $4.60. The firm has a market cap of $913.05 million, a price-to-earnings ratio of -1.74 and a beta of 2.31. The business’s fifty day moving average price is $2.97 and its two-hundred day moving average price is $2.29.

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.