Fmr LLC Has $174,000 Stock Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Fmr LLC boosted its holdings in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 67.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,651 shares of the company’s stock after buying an additional 23,706 shares during the quarter. Fmr LLC’s holdings in Eos Energy Enterprises were worth $174,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Hollencrest Capital Management boosted its stake in shares of Eos Energy Enterprises by 1,000.0% during the 3rd 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 bought a new position in Eos Energy Enterprises during the third quarter worth $32,000. Focused Wealth Management Inc bought a new position in Eos Energy Enterprises during the third quarter worth $46,000. Cullen Frost Bankers Inc. raised its position in shares of Eos Energy Enterprises by 40.0% in the second quarter. Cullen Frost Bankers Inc. now owns 70,000 shares of the company’s stock valued at $89,000 after purchasing an additional 20,000 shares during the period. Finally, Venture Visionary Partners LLC acquired a new stake in shares of Eos Energy Enterprises during the 3rd quarter worth about $59,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Price Performance

EOSE stock opened at $4.57 on Friday. Eos Energy Enterprises, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $4.68. The stock has a market capitalization of $995.86 million, a price-to-earnings ratio of -1.90 and a beta of 2.31. The business’s fifty day moving average price is $3.05 and its two-hundred day moving average price is $2.34.

Analysts Set New Price Targets

Separately, Roth Mkm decreased their price target on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3.90.

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.