Eos Energy Enterprises (NASDAQ:EOSE) Shares Gap Up – What’s Next?

Eos Energy Enterprises, Inc. (NASDAQ:EOSE)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $3.94, but opened at $4.20. Eos Energy Enterprises shares last traded at $4.44, with a volume of 1,782,040 shares trading hands.

Analyst Upgrades and Downgrades

EOSE has been the topic of a number of recent research reports. Roth Capital lowered shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Roth Mkm cut shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and raised their target price for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.10.

Eos Energy Enterprises Price Performance

The firm has a market cap of $988.23 million, a P/E ratio of -1.88 and a beta of 2.10. The company’s 50-day moving average is $5.17 and its two-hundred day moving average is $3.69.

Institutional Trading of Eos Energy Enterprises

Several large investors have recently made changes to their positions in EOSE. Hollencrest Capital Management raised 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 valued at $25,000 after purchasing an additional 7,500 shares in the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Eos Energy Enterprises in the 4th quarter valued at $29,000. R Squared Ltd acquired a new position in shares of Eos Energy Enterprises during the 4th quarter worth $31,000. WESPAC Advisors LLC bought a new stake in shares of Eos Energy Enterprises during the 3rd quarter worth $32,000. Finally, Focused Wealth Management Inc acquired a new stake in Eos Energy Enterprises in the third quarter valued at about $46,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

About Eos Energy Enterprises

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.