Brokerages Set Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Target Price at $3.90

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $4.10.

Several brokerages have issued reports on EOSE. Roth Capital lowered Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Roth Mkm downgraded Eos Energy Enterprises from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $4.00 to $5.00 in a research report on Thursday, February 20th.

Eos Energy Enterprises Stock Performance

NASDAQ EOSE opened at $4.28 on Thursday. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $6.64. The company has a fifty day moving average of $5.20 and a 200-day moving average of $3.61. The company has a market capitalization of $932.66 million, a P/E ratio of -1.78 and a beta of 2.10.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. boosted its holdings in Eos Energy Enterprises by 245.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 187,750 shares of the company’s stock valued at $912,000 after acquiring an additional 133,350 shares during the period. Alpine Global Management LLC purchased a new stake in shares of Eos Energy Enterprises during the fourth quarter valued at approximately $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Eos Energy Enterprises in the fourth quarter worth approximately $1,581,000. Williams Jones Wealth Management LLC. purchased a new position in shares of Eos Energy Enterprises in the fourth quarter worth $158,000. Finally, ProShare Advisors LLC bought a new stake in Eos Energy Enterprises during the 4th quarter valued at $232,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

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.