Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Given Consensus Rating of “Moderate Buy” by Brokerages

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $3.90.

EOSE has been the topic of a number of recent research reports. Stifel Nicolaus reiterated a “buy” rating and set a $6.00 price target on shares of Eos Energy Enterprises in a research note on Wednesday, August 21st. Roth Mkm decreased their target price on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th.

Eos Energy Enterprises Stock Up 0.7 %

Shares of NASDAQ EOSE opened at $2.70 on Thursday. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $3.66. The company has a market cap of $588.36 million, a P/E ratio of -1.12 and a beta of 2.38. The business’s 50 day moving average is $2.86 and its two-hundred day moving average is $2.04.

Insider Transactions at Eos Energy Enterprises

In other Eos Energy Enterprises news, Director Jeffrey S. Bornstein sold 30,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $2.62, for a total value of $78,600.00. Following the transaction, the director now owns 84,929 shares of the company’s stock, valued at approximately $222,513.98. The trade was a 26.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management raised its stake in shares of Eos Energy Enterprises by 1,000.0% in the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after acquiring an additional 7,500 shares during the last quarter. WESPAC Advisors LLC bought a new position in Eos Energy Enterprises in the 3rd quarter worth approximately $32,000. Ground Swell Capital LLC acquired a new position in Eos Energy Enterprises during the 2nd quarter worth $34,000. Scientech Research LLC bought a new position in Eos Energy Enterprises in the 2nd quarter valued at $36,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Eos Energy Enterprises by 74.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock valued at $46,000 after buying an additional 18,735 shares during the period. 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.