Lake Street Private Wealth LLC Makes New Investment in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Lake Street Private Wealth LLC acquired a new stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,470 shares of the company’s stock, valued at approximately $51,000.

Several other large investors have also modified their holdings of EOSE. Hollencrest Capital Management increased its position in 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 purchasing an additional 7,500 shares during the last quarter. WESPAC Advisors LLC acquired a new stake in shares of Eos Energy Enterprises during the 3rd quarter worth $32,000. Scientech Research LLC acquired a new stake in shares of Eos Energy Enterprises during the 2nd quarter worth $36,000. Focused Wealth Management Inc purchased a new position in shares of Eos Energy Enterprises in the 3rd quarter worth $46,000. Finally, Walleye Capital LLC acquired a new position in Eos Energy Enterprises in the third quarter valued at $48,000. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Mkm cut their price objective on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Eos Energy Enterprises has an average rating of “Moderate Buy” and an average price target of $3.90.

Eos Energy Enterprises Trading Down 2.3 %

Shares of NASDAQ EOSE opened at $6.02 on Friday. The stock has a fifty day moving average price of $3.85 and a 200 day moving average price of $2.93. The company has a market cap of $1.31 billion, a P/E ratio of -2.50 and a beta of 2.09. Eos Energy Enterprises, Inc. has a 12-month low of $0.61 and a 12-month high of $6.47.

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.