Harel Insurance Investments & Financial Services Ltd. Takes Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 12,004 shares of the company’s stock, valued at approximately $58,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in shares of Eos Energy Enterprises by 5,744.5% during the second quarter. Millennium Management LLC now owns 3,164,017 shares of the company’s stock valued at $4,018,000 after buying an additional 3,109,880 shares during the period. Brightline Capital Management LLC bought a new stake in shares of Eos Energy Enterprises during the 3rd quarter worth approximately $4,871,000. NewEdge Advisors LLC boosted its holdings in Eos Energy Enterprises by 30.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company’s stock valued at $3,288,000 after acquiring an additional 600,143 shares during the period. Geode Capital Management LLC grew its position in Eos Energy Enterprises by 18.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock valued at $7,335,000 after acquiring an additional 376,494 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Eos Energy Enterprises in the third quarter worth $993,000. 54.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm lowered 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 note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3.90.

Eos Energy Enterprises Stock Down 1.8 %

EOSE opened at $6.08 on Friday. The stock’s fifty day moving average is $4.22 and its two-hundred day moving average is $3.08. The company has a market capitalization of $1.32 billion, a P/E ratio of -2.52 and a beta of 2.09. Eos Energy Enterprises, Inc. has a 52 week low of $0.61 and a 52 week high of $6.64.

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.