SCP Investment LP Purchases Shares of 26,800 Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

SCP Investment LP purchased a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 26,800 shares of the company’s stock, valued at approximately $80,000.

A number of other large investors have also bought and sold shares of the stock. Millennium Management LLC grew its holdings in shares of Eos Energy Enterprises by 5,744.5% in the second quarter. Millennium Management LLC now owns 3,164,017 shares of the company’s stock worth $4,018,000 after purchasing an additional 3,109,880 shares during the last quarter. Vanguard Group Inc. increased its holdings in Eos Energy Enterprises by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company’s stock valued at $9,657,000 after purchasing an additional 580,022 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Eos Energy Enterprises in the 2nd quarter worth approximately $216,000. B. Riley Wealth Advisors Inc. boosted its stake in Eos Energy Enterprises by 940.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 275,765 shares of the company’s stock worth $284,000 after purchasing an additional 249,265 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Eos Energy Enterprises by 74.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock valued at $46,000 after purchasing an additional 18,735 shares during the last quarter. 54.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Eos Energy Enterprises news, Director Jeffrey S. Bornstein sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $2.62, for a total value of $78,600.00. Following the transaction, the director now directly owns 84,929 shares in the company, valued at approximately $222,513.98. This trade represents a 26.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Roth Mkm decreased their target price on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $6.00 price target on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Eos Energy Enterprises currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.90.

Eos Energy Enterprises Price Performance

Shares of EOSE opened at $2.31 on Wednesday. The firm has a market capitalization of $503.38 million, a P/E ratio of -0.96 and a beta of 2.38. Eos Energy Enterprises, Inc. has a one year low of $0.61 and a one year high of $3.66. The business has a fifty day moving average of $2.86 and a 200 day moving average of $1.97.

Eos Energy Enterprises 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.