Hollencrest Capital Management Buys 25,600 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Hollencrest Capital Management raised its stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 310.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 33,850 shares of the company’s stock after purchasing an additional 25,600 shares during the quarter. Hollencrest Capital Management’s holdings in Eos Energy Enterprises were worth $165,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust bought a new position in Eos Energy Enterprises during the 4th quarter valued at about $29,000. R Squared Ltd bought a new stake in Eos Energy Enterprises during the fourth quarter valued at approximately $31,000. WESPAC Advisors LLC purchased a new stake in Eos Energy Enterprises during the third quarter valued at approximately $32,000. Walleye Capital LLC bought a new position in Eos Energy Enterprises in the third quarter worth approximately $48,000. Finally, Carmel Capital Partners LLC purchased a new position in shares of Eos Energy Enterprises during the 4th quarter worth $49,000. Institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Up 4.1 %

EOSE stock opened at $4.11 on Thursday. Eos Energy Enterprises, Inc. has a twelve month low of $0.61 and a twelve month high of $6.64. The stock has a market cap of $895.62 million, a P/E ratio of -1.71 and a beta of 2.15. The business’s 50-day moving average price is $5.09 and its 200-day moving average price is $3.77.

Analyst Ratings Changes

EOSE has been the subject of several analyst reports. Roth Capital cut Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Roth Mkm cut Eos Energy Enterprises from a “buy” rating to a “neutral” rating and upped their price target for the stock from $4.00 to $5.00 in a research report on Thursday, February 20th. Finally, Cowen reaffirmed a “hold” rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Eos Energy Enterprises currently has a consensus rating of “Hold” and a consensus target price of $4.13.

Eos Energy Enterprises 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.