Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Given Average Recommendation of “Hold” by Brokerages

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have received a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $4.70.

EOSE has been the subject of several analyst reports. Roth Capital cut shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Roth Mkm cut shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and boosted their target price for the company from $4.00 to $5.00 in a research note on Thursday, February 20th. Guggenheim reiterated a “buy” rating and issued a $7.00 target price on shares of Eos Energy Enterprises in a research note on Tuesday. Finally, Cowen reiterated a “hold” rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th.

Hedge Funds Weigh In On Eos Energy Enterprises

A number of large investors have recently added to or reduced their stakes in EOSE. Parkside Financial Bank & Trust acquired a new position in Eos Energy Enterprises during the fourth quarter worth $29,000. R Squared Ltd acquired a new position in Eos Energy Enterprises during the fourth quarter worth $31,000. WESPAC Advisors LLC purchased a new stake in shares of Eos Energy Enterprises during the third quarter worth $32,000. Walleye Capital LLC purchased a new stake in shares of Eos Energy Enterprises during the third quarter worth $48,000. Finally, Carmel Capital Partners LLC purchased a new stake in shares of Eos Energy Enterprises during the fourth quarter worth $49,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Eos Energy Enterprises Price Performance

EOSE stock opened at $4.39 on Monday. The firm’s fifty day simple moving average is $4.93 and its 200-day simple moving average is $3.84. The company has a market capitalization of $994.77 million, a P/E ratio of -1.82 and a beta of 2.15. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $6.64.

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.