Eos Energy Enterprises’ (EOSE) Buy Rating Reiterated at Guggenheim

Guggenheim restated their buy rating on shares of Eos Energy Enterprises (NASDAQ:EOSE) in a research report report published on Tuesday morning,Benzinga reports. Guggenheim currently has a $7.00 price objective on the stock.

A number of other analysts also recently issued reports on EOSE. Roth Mkm downgraded shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and raised their price target for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Cowen restated a “hold” rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Finally, Roth Capital downgraded shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Eos Energy Enterprises presently has a consensus rating of “Hold” and an average price target of $4.70.

Eos Energy Enterprises Price Performance

Shares of NASDAQ EOSE opened at $4.26 on Tuesday. The company has a 50 day simple moving average of $4.95 and a 200-day simple moving average of $3.83. The company has a market capitalization of $965.31 million, a P/E ratio of -1.77 and a beta of 2.15. Eos Energy Enterprises has a 1 year low of $0.61 and a 1 year high of $6.64.

Institutional Trading of Eos Energy Enterprises

Several institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its holdings in Eos Energy Enterprises by 6.4% in the 4th quarter. Stifel Financial Corp now owns 4,978,078 shares of the company’s stock valued at $24,193,000 after purchasing an additional 297,909 shares during the last quarter. Legal & General Group Plc increased its holdings in 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 purchasing an additional 4,796,626 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Eos Energy Enterprises in the 4th quarter valued at approximately $16,632,000. Geode Capital Management LLC increased its holdings in Eos Energy Enterprises by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 2,510,088 shares of the company’s stock valued at $12,205,000 after purchasing an additional 41,440 shares during the last quarter. Finally, Barings LLC increased its holdings in Eos Energy Enterprises by 100.5% in the 4th quarter. Barings LLC now owns 2,403,448 shares of the company’s stock valued at $11,681,000 after purchasing an additional 1,204,430 shares during the last quarter. 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.