Eos Energy Enterprises (NASDAQ:EOSE) Rating Reiterated by Roth Mkm

Eos Energy Enterprises (NASDAQ:EOSE)‘s stock had its “buy” rating reiterated by equities researchers at Roth Mkm in a research note issued to investors on Friday, Benzinga reports. They currently have a $4.50 price objective on the stock. Roth Mkm’s price objective would suggest a potential upside of 254.33% from the company’s previous close.

EOSE has been the topic of several other research reports. TD Cowen lowered their price objective on shares of Eos Energy Enterprises from $3.00 to $2.50 and set a “hold” rating on the stock in a report on Thursday, May 16th. B. Riley upgraded shares of Eos Energy Enterprises to a “hold” rating in a report on Tuesday, June 25th. Evercore ISI lowered their price objective on shares of Eos Energy Enterprises from $7.00 to $3.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. Stifel Nicolaus restated a “buy” rating and set a $13.00 price objective on shares of Eos Energy Enterprises in a report on Wednesday, May 15th. Finally, Guggenheim lowered their price objective on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.83.

Eos Energy Enterprises Stock Down 6.6 %

Eos Energy Enterprises stock opened at $1.27 on Friday. Eos Energy Enterprises has a 12-month low of $0.61 and a 12-month high of $5.67. The firm’s fifty day moving average is $0.80 and its 200 day moving average is $0.94. The company has a market capitalization of $264.33 million, a PE ratio of -0.81 and a beta of 2.24.

Eos Energy Enterprises (NASDAQ:EOSE) last released its earnings results on Tuesday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.01. The company had revenue of $6.60 million for the quarter, compared to analyst estimates of $6.57 million. Sell-side analysts expect that Eos Energy Enterprises will post -0.7 EPS for the current fiscal year.

Institutional Trading of Eos Energy Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in Eos Energy Enterprises by 74.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock worth $46,000 after buying an additional 18,735 shares during the last quarter. American International Group Inc. increased its holdings in Eos Energy Enterprises by 41.2% during the first quarter. American International Group Inc. now owns 75,555 shares of the company’s stock worth $78,000 after buying an additional 22,056 shares during the last quarter. Powell Investment Advisors LLC increased its holdings in Eos Energy Enterprises by 52.2% during the first quarter. Powell Investment Advisors LLC now owns 70,000 shares of the company’s stock worth $72,000 after buying an additional 24,000 shares during the last quarter. Black Maple Capital Management LP increased its holdings in Eos Energy Enterprises by 19.8% during the first quarter. Black Maple Capital Management LP now owns 181,248 shares of the company’s stock worth $187,000 after buying an additional 30,000 shares during the last quarter. Finally, Elevatus Welath Management increased its holdings in Eos Energy Enterprises by 50.0% during the first quarter. Elevatus Welath Management now owns 96,267 shares of the company’s stock worth $99,000 after buying an additional 32,090 shares during the last quarter. Hedge funds and other institutional investors own 54.87% of the company’s stock.

About Eos Energy Enterprises

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.