Eos Energy Enterprises Sees Unusually Large Options Volume (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) was the target of unusually large options trading activity on Tuesday. Stock investors acquired 30,934 put options on the company. This represents an increase of approximately 16% compared to the typical volume of 26,724 put options.

Eos Energy Enterprises Price Performance

Shares of EOSE traded down $0.18 during mid-day trading on Tuesday, reaching $4.09. The stock had a trading volume of 5,775,034 shares, compared to its average volume of 7,831,284. The business’s fifty day moving average is $5.19 and its 200 day moving average is $3.59. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $6.64. The firm has a market cap of $890.17 million, a price-to-earnings ratio of -1.70 and a beta of 2.10.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Roth Capital downgraded Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Roth Mkm downgraded shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and increased their price objective for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.10.

Institutional Trading of Eos Energy Enterprises

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

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.