Brokerages Set Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Price Target at $4.13

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $4.70.

A number of brokerages have commented on EOSE. Guggenheim reaffirmed a “buy” rating and set a $7.00 target price on shares of Eos Energy Enterprises in a research note on Tuesday. Roth Capital lowered shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Roth Mkm downgraded Eos Energy Enterprises from a “buy” rating to a “neutral” rating and lifted their target price for the company from $4.00 to $5.00 in a research report on Thursday, February 20th. Finally, Cowen restated a “hold” rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th.

Institutional Trading of Eos Energy Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in shares of Eos Energy Enterprises by 61,220.5% in the 4th quarter. Legal & General Group Plc now owns 4,804,461 shares of the company’s stock valued at $23,350,000 after buying an additional 4,796,626 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Eos Energy Enterprises during the fourth quarter worth about $16,632,000. Brightline Capital Management LLC purchased a new stake in Eos Energy Enterprises during the third quarter worth about $4,871,000. Alyeska Investment Group L.P. increased its stake in Eos Energy Enterprises by 714.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,628,500 shares of the company’s stock worth $7,915,000 after purchasing an additional 1,428,500 shares during the period. Finally, Barings LLC increased its stake in Eos Energy Enterprises by 100.5% during the fourth quarter. Barings LLC now owns 2,403,448 shares of the company’s stock worth $11,681,000 after purchasing an additional 1,204,430 shares during the period. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Up 8.3 %

NASDAQ EOSE opened at $4.44 on Monday. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $6.64. The business’s fifty day simple moving average is $4.96 and its 200-day simple moving average is $3.83. The firm has a market cap of $1.01 billion, a PE ratio of -1.84 and a beta of 2.15.

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.