Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives Average Rating of “Hold” from Brokerages

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $4.13.

EOSE has been the subject of a number of analyst reports. Roth Capital downgraded shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Roth Mkm downgraded shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Finally, Cowen reaffirmed a “hold” rating on shares of Eos Energy Enterprises in a report on Friday, March 7th.

Hedge Funds Weigh In On Eos Energy Enterprises

Several institutional investors have recently added to or reduced their stakes in the company. WESPAC Advisors LLC lifted its holdings in Eos Energy Enterprises by 16.6% during the 4th quarter. WESPAC Advisors LLC now owns 12,647 shares of the company’s stock valued at $61,000 after purchasing an additional 1,798 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Eos Energy Enterprises by 3.6% during the 4th quarter. Wells Fargo & Company MN now owns 62,075 shares of the company’s stock valued at $302,000 after purchasing an additional 2,175 shares during the last quarter. Montag A & Associates Inc. lifted its holdings in Eos Energy Enterprises by 21.0% during the 4th quarter. Montag A & Associates Inc. now owns 13,809 shares of the company’s stock valued at $67,000 after purchasing an additional 2,400 shares during the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Eos Energy Enterprises in the fourth quarter worth about $29,000. Finally, R Squared Ltd bought a new position in shares of Eos Energy Enterprises in the fourth quarter worth about $31,000. 54.87% of the stock is owned by institutional investors.

Eos Energy Enterprises Price Performance

NASDAQ EOSE opened at $4.13 on Monday. The firm has a market capitalization of $935.85 million, a price-to-earnings ratio of -1.71 and a beta of 2.15. The company’s fifty day moving average is $5.03 and its two-hundred day moving average is $3.80. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $6.64.

Eos Energy Enterprises Company 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.