Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $3.90.

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

Eos Energy Enterprises Stock Down 4.7 %

Eos Energy Enterprises stock opened at $5.74 on Friday. Eos Energy Enterprises has a 12-month low of $0.61 and a 12-month high of $6.47. The business’s 50-day moving average price is $3.92 and its two-hundred day moving average price is $2.98. The stock has a market cap of $1.25 billion, a PE ratio of -2.38 and a beta of 2.09.

Institutional Trading of Eos Energy Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management grew its holdings in shares of Eos Energy Enterprises by 1,000.0% during the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after purchasing an additional 7,500 shares during the last quarter. WESPAC Advisors LLC bought a new stake in shares of Eos Energy Enterprises during the third quarter worth about $32,000. Scientech Research LLC bought a new stake in shares of Eos Energy Enterprises during the second quarter worth about $36,000. Focused Wealth Management Inc bought a new stake in shares of Eos Energy Enterprises during the third quarter worth about $46,000. Finally, Walleye Capital LLC acquired a new position in shares of Eos Energy Enterprises in the third quarter worth approximately $48,000. 54.87% of the stock is currently owned by institutional investors.

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.