Carmel Capital Partners LLC Makes New Investment in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Carmel Capital Partners LLC purchased a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $49,000.

A number of other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Eos Energy Enterprises by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock worth $7,335,000 after purchasing an additional 376,494 shares in the last quarter. Brightline Capital Management LLC acquired a new stake in shares of Eos Energy Enterprises in the third quarter valued at $4,871,000. State Street Corp raised its stake in shares of Eos Energy Enterprises by 9.5% in the third quarter. State Street Corp now owns 875,439 shares of the company’s stock valued at $2,600,000 after acquiring an additional 75,657 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Eos Energy Enterprises in the third quarter valued at $993,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at $1,335,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Roth Mkm cut Eos Energy Enterprises from a “buy” rating to a “neutral” rating and increased their price objective for the company from $4.00 to $5.00 in a research note on Thursday, February 20th. Roth Capital cut Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.10.

Eos Energy Enterprises Price Performance

NASDAQ:EOSE opened at $4.97 on Thursday. The firm has a market capitalization of $1.08 billion, a PE ratio of -2.06 and a beta of 2.15. The business’s fifty day moving average price is $5.18 and its 200 day moving average price is $3.70. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $6.64.

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.