Eos Energy Enterprises (NASDAQ:EOSE) Stock Rating Lowered by Roth Capital

Roth Capital downgraded shares of Eos Energy Enterprises (NASDAQ:EOSE) from a strong-buy rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

Separately, Roth Mkm cut Eos Energy Enterprises from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $4.00 to $5.00 in a report on Thursday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.10.

Eos Energy Enterprises Stock Down 5.7 %

Shares of NASDAQ EOSE opened at $4.48 on Thursday. Eos Energy Enterprises has a twelve month low of $0.61 and a twelve month high of $6.64. The company has a market cap of $976.24 million, a PE ratio of -1.86 and a beta of 2.10. The business’s 50 day moving average price is $5.19 and its two-hundred day moving average price is $3.55.

Institutional Investors Weigh In On Eos Energy Enterprises

Several institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp boosted its stake in shares of Eos Energy Enterprises by 6.4% in the fourth quarter. Stifel Financial Corp now owns 4,978,078 shares of the company’s stock valued at $24,193,000 after buying an additional 297,909 shares during the period. Legal & General Group Plc boosted its stake in shares of Eos Energy Enterprises by 61,220.5% in the fourth quarter. Legal & General Group Plc now owns 4,804,461 shares of the company’s stock valued at $23,350,000 after buying an additional 4,796,626 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at approximately $16,632,000. Geode Capital Management LLC raised its position in Eos Energy Enterprises by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 2,510,088 shares of the company’s stock valued at $12,205,000 after purchasing an additional 41,440 shares in the last quarter. Finally, Barings LLC raised its position in Eos Energy Enterprises by 100.5% during the fourth quarter. Barings LLC now owns 2,403,448 shares of the company’s stock valued at $11,681,000 after purchasing an additional 1,204,430 shares in the last quarter. 54.87% of the stock is currently owned by institutional investors.

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.