Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Given Average Rating of “Moderate Buy” by Analysts

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $3.90.

Separately, Roth Mkm cut their target price on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

Institutional Investors Weigh In On Eos Energy Enterprises

Several large investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management raised its holdings 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 stake in Eos Energy Enterprises during the third quarter valued at approximately $32,000. Ground Swell Capital LLC bought a new stake in Eos Energy Enterprises during the second quarter valued at approximately $34,000. Scientech Research LLC purchased a new position in Eos Energy Enterprises in the 2nd quarter worth approximately $36,000. Finally, Focused Wealth Management Inc bought a new position in shares of Eos Energy Enterprises in the 3rd quarter worth $46,000. Institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ EOSE opened at $5.17 on Monday. Eos Energy Enterprises has a fifty-two week low of $0.61 and a fifty-two week high of $5.42. The stock has a market cap of $1.13 billion, a PE ratio of -2.15 and a beta of 2.32. The stock has a fifty day moving average of $3.20 and a 200-day moving average of $2.49.

About Eos Energy Enterprises

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.