Healthcare of Ontario Pension Plan Trust Fund Takes $741,000 Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 249,409 shares of the company’s stock, valued at approximately $741,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Hollencrest Capital Management increased its position 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 acquiring an additional 7,500 shares during the period. WESPAC Advisors LLC purchased a new position in Eos Energy Enterprises during the 3rd quarter worth $32,000. Ground Swell Capital LLC bought a new stake in Eos Energy Enterprises during the 2nd quarter valued at $34,000. Scientech Research LLC purchased a new stake in shares of Eos Energy Enterprises in the 2nd quarter worth $36,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of 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 worth $46,000 after buying an additional 18,735 shares in the last quarter. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jeffrey S. Bornstein sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $2.62, for a total value of $78,600.00. Following the completion of the transaction, the director now directly owns 84,929 shares in the company, valued at $222,513.98. This trade represents a 26.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Eos Energy Enterprises Price Performance

Eos Energy Enterprises stock opened at $2.89 on Tuesday. The business has a fifty day moving average price of $2.87 and a 200-day moving average price of $2.08. Eos Energy Enterprises, Inc. has a 1-year low of $0.61 and a 1-year high of $3.66. The stock has a market capitalization of $629.77 million, a price-to-earnings ratio of -1.20 and a beta of 2.38.

Wall Street Analysts Forecast Growth

EOSE has been the subject of a number of research reports. Roth Mkm lowered their price objective 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. Stifel Nicolaus reiterated a “buy” rating and set a $6.00 price objective on shares of Eos Energy Enterprises in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $3.90.

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.