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

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $3.90.

Separately, 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 report on Thursday.

Institutional Trading of Eos Energy Enterprises

Hedge funds have recently modified their holdings of the stock. Legal & General Group Plc lifted its holdings 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. purchased a new position in shares of Eos Energy Enterprises during the 4th quarter valued at approximately $16,632,000. Brightline Capital Management LLC acquired a new position in shares of Eos Energy Enterprises in the 3rd quarter valued at $4,871,000. Alyeska Investment Group L.P. boosted its holdings 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 buying an additional 1,428,500 shares in the last quarter. Finally, Barings LLC grew its position in Eos Energy Enterprises by 100.5% during the fourth quarter. Barings LLC now owns 2,403,448 shares of the company’s stock valued at $11,681,000 after buying 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 Performance

Shares of EOSE opened at $4.82 on Thursday. The stock has a 50-day moving average of $5.14 and a two-hundred day moving average of $3.52. The stock has a market cap of $1.05 billion, a P/E ratio of -2.00 and a beta of 2.10. Eos Energy Enterprises has a one year low of $0.61 and a one year 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.