Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives $4.13 Average PT from Brokerages

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has been assigned an average rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $4.70.

Several brokerages have commented on EOSE. Roth Mkm lowered Eos Energy Enterprises from a “buy” rating to a “neutral” rating and raised their price objective for the company from $4.00 to $5.00 in a research report on Thursday, February 20th. Guggenheim reissued 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 Capital lowered Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Cowen reissued a “hold” rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th.

Hedge Funds Weigh In On Eos Energy Enterprises

Large investors have recently modified their holdings of the stock. Arizona State Retirement System purchased a new position in shares of Eos Energy Enterprises in the 4th quarter worth about $305,000. Geode Capital Management LLC raised its position in shares of Eos Energy Enterprises by 18.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock worth $7,335,000 after purchasing an additional 376,494 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Eos Energy Enterprises in the 3rd quarter worth about $993,000. FourThought Financial Partners LLC purchased a new position in shares of Eos Energy Enterprises in the 4th quarter worth about $1,335,000. Finally, Barings LLC increased its holdings in Eos Energy Enterprises by 100.5% in the 4th quarter. Barings LLC now owns 2,403,448 shares of the company’s stock worth $11,681,000 after buying an additional 1,204,430 shares in the last quarter. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Up 3.1 %

Shares of EOSE stock opened at $4.39 on Monday. The firm has a market capitalization of $994.77 million, a price-to-earnings ratio of -1.82 and a beta of 2.15. The stock has a fifty day moving average of $4.93 and a 200 day moving average of $3.86. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $6.64.

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.