Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives $3.90 Consensus Target Price from Analysts

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $3.90.

EOSE has been the topic of several recent research reports. Roth Mkm cut their target price on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Stifel Nicolaus reissued a “buy” rating and set a $6.00 price objective on shares of Eos Energy Enterprises in a report on Wednesday, August 21st.

Insider Transactions at Eos Energy Enterprises

In other news, Director Jeffrey S. Bornstein sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $2.62, for a total value of $78,600.00. Following the completion of the sale, the director now owns 84,929 shares of the company’s stock, valued at $222,513.98. This trade represents a 26.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Eos Energy Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management grew its stake in shares of 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 acquiring an additional 7,500 shares during the last quarter. WESPAC Advisors LLC purchased a new stake in Eos Energy Enterprises during the 3rd quarter worth approximately $32,000. Ground Swell Capital LLC purchased a new stake in shares of Eos Energy Enterprises during the second quarter valued at $34,000. Scientech Research LLC acquired a new position in shares of Eos Energy Enterprises in the 2nd quarter valued at $36,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Eos Energy Enterprises by 74.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock worth $46,000 after acquiring an additional 18,735 shares during the last quarter. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

Eos Energy Enterprises Trading Down 2.0 %

EOSE opened at $2.89 on Thursday. The company has a market capitalization of $629.77 million, a price-to-earnings ratio of -1.20 and a beta of 2.38. Eos Energy Enterprises has a 12-month low of $0.61 and a 12-month high of $3.66. The business’s fifty day simple moving average is $2.87 and its 200-day simple moving average is $2.08.

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.