Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives $3.90 Consensus Target Price from Analysts

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

Separately, Roth Mkm decreased their price objective on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a report on Thursday, November 7th.

Institutional Investors Weigh In On Eos Energy Enterprises

Several hedge funds have recently modified their holdings of EOSE. Hollencrest Capital Management increased its position in Eos Energy Enterprises by 1,000.0% during the third 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 period. R Squared Ltd bought a new position in shares of Eos Energy Enterprises during the 4th quarter worth about $31,000. WESPAC Advisors LLC acquired a new position in shares of Eos Energy Enterprises during the third quarter valued at about $32,000. Scientech Research LLC bought a new stake in shares of Eos Energy Enterprises in the second quarter valued at about $36,000. Finally, Focused Wealth Management Inc acquired a new stake in Eos Energy Enterprises during the third quarter worth about $46,000. 54.87% of the stock is owned by institutional investors.

Eos Energy Enterprises Stock Up 6.0 %

Shares of EOSE stock opened at $6.19 on Friday. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $6.47. The company has a market cap of $1.35 billion, a PE ratio of -2.57 and a beta of 2.09. The business’s 50 day moving average is $4.14 and its two-hundred day moving average is $3.05.

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.