Eos Energy Enterprises’ (EOSE) Buy Rating Reiterated at Guggenheim

Guggenheim reaffirmed their buy rating on shares of Eos Energy Enterprises (NASDAQ:EOSE) in a report published on Tuesday,Benzinga reports. Guggenheim currently has a $7.00 price target on the stock.

EOSE has been the topic of several other reports. Roth Mkm lowered shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and increased their target price for the stock from $4.00 to $5.00 in a research note on Thursday, February 20th. Roth Capital lowered shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Cowen reissued a “hold” rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.70.

Eos Energy Enterprises Stock Down 4.1 %

EOSE stock opened at $4.26 on Tuesday. The company’s 50-day simple moving average is $4.95 and its 200-day simple moving average is $3.83. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $6.64. The firm has a market cap of $965.31 million, a P/E ratio of -1.77 and a beta of 2.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EOSE. SCP Investment LP purchased a new position in Eos Energy Enterprises in the 3rd quarter valued at about $80,000. Meridian Wealth Management LLC purchased a new position in Eos Energy Enterprises in the 3rd quarter worth approximately $233,000. WESPAC Advisors LLC purchased a new position in Eos Energy Enterprises in the 3rd quarter worth approximately $32,000. FMR LLC lifted its stake in Eos Energy Enterprises by 67.8% in the 3rd quarter. FMR LLC now owns 58,651 shares of the company’s stock worth $174,000 after purchasing an additional 23,706 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Eos Energy Enterprises in the 3rd quarter worth approximately $741,000. 54.87% of the stock is owned by hedge funds and other 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.