Powell Investment Advisors LLC Acquires 24,000 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Powell Investment Advisors LLC boosted its holdings in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 52.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,000 shares of the company’s stock after buying an additional 24,000 shares during the quarter. Powell Investment Advisors LLC’s holdings in Eos Energy Enterprises were worth $72,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EOSE. Kestra Advisory Services LLC grew its position in Eos Energy Enterprises by 1,192.6% during the third quarter. Kestra Advisory Services LLC now owns 298,265 shares of the company’s stock valued at $641,000 after buying an additional 275,190 shares during the period. Invesco Ltd. grew its position in Eos Energy Enterprises by 23.6% during the third quarter. Invesco Ltd. now owns 3,128,582 shares of the company’s stock valued at $6,726,000 after buying an additional 597,279 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in Eos Energy Enterprises by 22.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 113,939 shares of the company’s stock valued at $245,000 after buying an additional 20,543 shares during the period. Stifel Financial Corp grew its position in Eos Energy Enterprises by 503.7% during the third quarter. Stifel Financial Corp now owns 930,205 shares of the company’s stock valued at $2,000,000 after buying an additional 776,110 shares during the period. Finally, Twin Focus Capital Partners LLC bought a new stake in Eos Energy Enterprises during the third quarter valued at approximately $54,000. 54.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EOSE shares. Evercore ISI lowered their price target on shares of Eos Energy Enterprises from $7.00 to $3.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. Roth Mkm reaffirmed a “buy” rating and set a $4.50 price target on shares of Eos Energy Enterprises in a report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 price target on shares of Eos Energy Enterprises in a report on Wednesday, May 15th. B. Riley raised shares of Eos Energy Enterprises to a “hold” rating in a report on Tuesday. Finally, TD Cowen lowered their price target on shares of Eos Energy Enterprises from $3.00 to $2.50 and set a “hold” rating on the stock in a report on Thursday, May 16th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Eos Energy Enterprises currently has an average rating of “Moderate Buy” and an average price target of $4.83.

Eos Energy Enterprises Price Performance

Shares of EOSE stock traded down $0.09 during mid-day trading on Friday, hitting $1.27. The company had a trading volume of 20,299,211 shares, compared to its average volume of 6,161,570. Eos Energy Enterprises, Inc. has a 52-week low of $0.61 and a 52-week high of $5.67. The stock’s 50 day moving average price is $0.79 and its 200-day moving average price is $0.95. The company has a market capitalization of $264.33 million, a P/E ratio of -0.89 and a beta of 2.24.

Eos Energy Enterprises (NASDAQ:EOSE) last released its earnings results on Tuesday, May 14th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.01. The company had revenue of $6.60 million during the quarter, compared to analysts’ expectations of $6.57 million. On average, equities research analysts expect that Eos Energy Enterprises, Inc. will post -0.7 earnings per share for the current year.

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.