Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives $3.90 Consensus PT from Brokerages

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $3.90.

Separately, Roth Mkm reduced their price target on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

Eos Energy Enterprises Stock Down 2.3 %

Shares of NASDAQ:EOSE opened at $6.02 on Friday. Eos Energy Enterprises has a 12-month low of $0.61 and a 12-month high of $6.47. The business has a 50 day moving average of $3.85 and a 200-day moving average of $2.94. The stock has a market cap of $1.31 billion, a PE ratio of -2.50 and a beta of 2.09.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Lake Street Private Wealth LLC bought a new position in Eos Energy Enterprises in the fourth quarter valued at about $51,000. Tidal Investments LLC bought a new stake in Eos Energy Enterprises during the 3rd quarter worth approximately $993,000. Virtu Financial LLC acquired a new position in Eos Energy Enterprises in the 3rd quarter valued at approximately $206,000. Geode Capital Management LLC grew 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 worth $7,335,000 after purchasing an additional 376,494 shares during the last quarter. Finally, State Street Corp increased its holdings in Eos Energy Enterprises by 9.5% in the third quarter. State Street Corp now owns 875,439 shares of the company’s stock valued at $2,600,000 after purchasing an additional 75,657 shares during the period. Institutional investors and hedge funds own 54.87% of the company’s stock.

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.