Parkside Financial Bank & Trust Makes New $29,000 Investment in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Parkside Financial Bank & Trust bought a new stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,000 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors have also recently made changes to their positions in EOSE. R Squared Ltd bought a new stake in Eos Energy Enterprises in the fourth quarter worth $31,000. Hollencrest Capital Management lifted 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 worth $25,000 after acquiring an additional 7,500 shares during the last quarter. Lake Street Private Wealth LLC purchased a new position in shares of Eos Energy Enterprises during the 4th quarter worth about $51,000. WESPAC Advisors LLC bought a new position in Eos Energy Enterprises during the 3rd quarter valued at about $32,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Eos Energy Enterprises in the 4th quarter worth about $58,000. Institutional investors own 54.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Roth Mkm lowered Eos Energy Enterprises from a “buy” rating to a “neutral” rating and boosted their target price for the company from $4.00 to $5.00 in a research report on Thursday, February 20th. Roth Capital cut Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.10.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ:EOSE opened at $3.98 on Tuesday. The firm’s 50 day simple moving average is $5.18 and its 200-day simple moving average is $3.68. Eos Energy Enterprises, Inc. has a one year low of $0.61 and a one year high of $6.64. The firm has a market cap of $867.29 million, a PE ratio of -1.65 and a beta of 2.10.

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.