Eos Energy Enterprises (NASDAQ:EOSE) Earns Buy Rating from Guggenheim

Eos Energy Enterprises (NASDAQ:EOSE)‘s stock had its “buy” rating reiterated by investment analysts at Guggenheim in a research report issued on Tuesday,Benzinga reports. They presently have a $7.00 price target on the stock. Guggenheim’s price objective would indicate a potential upside of 57.66% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Cowen reiterated a “hold” rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Roth Mkm downgraded Eos Energy Enterprises from a “buy” rating to a “neutral” rating and upped their price target for the stock from $4.00 to $5.00 in a research note on Thursday, February 20th. Finally, Roth Capital downgraded Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Eos Energy Enterprises has an average rating of “Hold” and an average price target of $4.70.

Eos Energy Enterprises Stock Performance

EOSE stock opened at $4.44 on Tuesday. Eos Energy Enterprises has a fifty-two week low of $0.61 and a fifty-two week high of $6.64. The business’s 50 day moving average price is $4.96 and its two-hundred day moving average price is $3.83. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -1.84 and a beta of 2.15.

Hedge Funds Weigh In On Eos Energy Enterprises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EOSE. Parkside Financial Bank & Trust bought a new position in Eos Energy Enterprises in the 4th quarter valued at approximately $29,000. R Squared Ltd bought a new position in Eos Energy Enterprises in the 4th quarter valued at approximately $31,000. WESPAC Advisors LLC bought a new position in Eos Energy Enterprises in the 3rd quarter valued at approximately $32,000. Walleye Capital LLC bought a new position in Eos Energy Enterprises in the 3rd quarter valued at approximately $48,000. Finally, Carmel Capital Partners LLC bought a new position in Eos Energy Enterprises in the 4th quarter valued at approximately $49,000. 54.87% of the stock is owned by institutional investors.

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.