Spire Wealth Management Trims Stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Spire Wealth Management lowered its holdings in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSEFree Report) by 39.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,017 shares of the company’s stock after selling 10,283 shares during the quarter. Spire Wealth Management’s holdings in Eos Energy Enterprises were worth $34,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of EOSE. Metropolitan Life Insurance Co NY bought a new stake in shares of Eos Energy Enterprises in the 2nd quarter worth about $26,000. Itau Unibanco Holding S.A. bought a new stake in shares of Eos Energy Enterprises in the 2nd quarter worth about $32,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Eos Energy Enterprises in the 1st quarter worth about $34,000. Exchange Traded Concepts LLC bought a new stake in shares of Eos Energy Enterprises in the 3rd quarter worth about $35,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Eos Energy Enterprises in the 1st quarter worth about $36,000. Institutional investors own 65.36% of the company’s stock.

Eos Energy Enterprises Price Performance

Shares of EOSE opened at $1.13 on Tuesday. Eos Energy Enterprises, Inc. has a 1-year low of $0.73 and a 1-year high of $5.67. The company has a 50-day moving average of $1.09 and a 200 day moving average of $1.77. The firm has a market capitalization of $178.61 million, a price-to-earnings ratio of -0.42 and a beta of 2.31.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EOSE shares. Roth Capital restated a “buy” rating on shares of Eos Energy Enterprises in a report on Monday, December 4th. B. Riley lowered their target price on shares of Eos Energy Enterprises from $5.00 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. Finally, Roth Mkm started coverage on shares of Eos Energy Enterprises in a report on Monday, December 4th. They set a “buy” rating and a $6.00 price objective for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Eos Energy Enterprises has an average rating of “Moderate Buy” and an average target price of $8.75.

View Our Latest Report on Eos Energy Enterprises

About Eos Energy Enterprises

(Free Report)

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility, commercial and industrial, and microgrid markets in the United States. The company's flagship product is the Eos Znyth DC system, a battery that can be used as an alternative to Li-ion batteries.

See Also

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Institutional Ownership by Quarter for Eos Energy Enterprises (NASDAQ:EOSE)

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