Eos Energy Enterprises (NASDAQ:EOSE – Get Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Guggenheim in a research report issued on Tuesday,Benzinga reports. They presently have a $7.00 price objective on the stock. Guggenheim’s target price would indicate a potential upside of 71.36% from the company’s current price.
A number of other research analysts have also commented on EOSE. Roth Capital lowered Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Cowen restated a “hold” rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th. Finally, Roth Mkm lowered Eos Energy Enterprises from a “buy” rating to a “neutral” rating and upped their target price for the company from $4.00 to $5.00 in a research note on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Eos Energy Enterprises has an average rating of “Hold” and an average target price of $4.70.
Read Our Latest Analysis on Eos Energy Enterprises
Eos Energy Enterprises Stock Down 1.8 %
Institutional Trading of Eos Energy Enterprises
A number of large investors have recently bought and sold shares of EOSE. Legal & General Group Plc grew its position in Eos Energy Enterprises by 61,220.5% in the fourth quarter. Legal & General Group Plc now owns 4,804,461 shares of the company’s stock valued at $23,350,000 after acquiring an additional 4,796,626 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Eos Energy Enterprises in the fourth quarter valued at $16,632,000. Brightline Capital Management LLC bought a new stake in Eos Energy Enterprises in the third quarter valued at $4,871,000. Alyeska Investment Group L.P. grew its position in Eos Energy Enterprises by 714.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,628,500 shares of the company’s stock valued at $7,915,000 after acquiring an additional 1,428,500 shares during the period. Finally, Barings LLC grew its position in Eos Energy Enterprises by 100.5% in the fourth quarter. Barings LLC now owns 2,403,448 shares of the company’s stock valued at $11,681,000 after acquiring an additional 1,204,430 shares during the period. 54.87% of the stock is currently owned by institutional investors.
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.
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