Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives $3.90 Consensus PT from Analysts

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $3.90.

EOSE has been the subject of a number of research reports. 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 research report on Thursday, November 7th. Stifel Nicolaus reissued a “buy” rating and issued a $6.00 price objective on shares of Eos Energy Enterprises in a report on Wednesday, August 21st.

Insider Buying and Selling at Eos Energy Enterprises

In related news, Director Jeffrey S. Bornstein sold 30,000 shares of Eos Energy Enterprises stock in a transaction 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 sale, the director now owns 84,929 shares of the company’s stock, valued at approximately $222,513.98. This trade represents a 26.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Eos Energy Enterprises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management increased its stake 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 in the last quarter. WESPAC Advisors LLC purchased a new stake in Eos Energy Enterprises during the 3rd quarter worth approximately $32,000. Ground Swell Capital LLC acquired a new position in shares of Eos Energy Enterprises during the second quarter valued at approximately $34,000. Scientech Research LLC purchased a new position in shares of Eos Energy Enterprises in the second quarter valued at approximately $36,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Eos Energy Enterprises by 74.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock worth $46,000 after acquiring an additional 18,735 shares during the last quarter. 54.87% of the stock is owned by hedge funds and other institutional investors.

Eos Energy Enterprises Trading Down 2.0 %

Shares of NASDAQ EOSE opened at $2.89 on Thursday. The company has a 50 day simple moving average of $2.87 and a two-hundred day simple moving average of $2.08. The stock has a market cap of $629.77 million, a price-to-earnings ratio of -1.20 and a beta of 2.38. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $3.66.

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.