Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $3.90.

Several brokerages have recently issued reports on EOSE. Stifel Nicolaus reiterated a “buy” rating and set a $6.00 price target on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Roth Mkm reduced their price target on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a report on Thursday, November 7th.

Eos Energy Enterprises Price Performance

Shares of Eos Energy Enterprises stock opened at $2.97 on Thursday. The firm has a market cap of $647.19 million, a price-to-earnings ratio of -1.23 and a beta of 2.31. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $3.66. The stock has a 50-day simple moving average of $2.89 and a 200-day simple moving average of $2.11.

Insider Activity at Eos Energy Enterprises

In related news, Director Jeffrey S. Bornstein sold 30,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 84,929 shares of the company’s stock, valued at approximately $222,513.98. This trade represents a 26.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EOSE. Hollencrest Capital Management raised its stake in shares of Eos Energy Enterprises by 1,000.0% in the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock valued at $25,000 after acquiring an additional 7,500 shares in the last quarter. WESPAC Advisors LLC bought a new position in Eos Energy Enterprises in the 3rd quarter worth approximately $32,000. Ground Swell Capital LLC bought a new position in Eos Energy Enterprises in the 2nd quarter worth approximately $34,000. Scientech Research LLC bought a new position in Eos Energy Enterprises in the 2nd quarter worth approximately $36,000. Finally, Price T Rowe Associates Inc. MD increased its position 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 buying an additional 18,735 shares during the period. 54.87% of the stock is owned by institutional investors.

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.