Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have earned a consensus rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $4.13.

Several research analysts have recently commented on EOSE shares. Roth Mkm lowered shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and increased their price target for the stock from $4.00 to $5.00 in a research note on Thursday, February 20th. Roth Capital lowered shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Cowen restated a “hold” rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th.

Eos Energy Enterprises Stock Up 4.6 %

EOSE stock opened at $4.13 on Monday. Eos Energy Enterprises has a 12-month low of $0.61 and a 12-month high of $6.64. The company has a market cap of $935.85 million, a price-to-earnings ratio of -1.71 and a beta of 2.15. The company has a 50 day moving average of $5.03 and a two-hundred day moving average of $3.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust acquired a new position in Eos Energy Enterprises in the 4th quarter valued at $29,000. R Squared Ltd acquired a new position in Eos Energy Enterprises in the 4th quarter valued at $31,000. Carmel Capital Partners LLC acquired a new position in Eos Energy Enterprises in the 4th quarter valued at $49,000. Lake Street Private Wealth LLC acquired a new position in Eos Energy Enterprises in the 4th quarter valued at $51,000. Finally, WESPAC Advisors LLC acquired a new position in Eos Energy Enterprises in the 3rd quarter valued at $32,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

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.