Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives $4.83 Average Price Target from Analysts

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $4.83.

Several brokerages recently weighed in on EOSE. B. Riley raised Eos Energy Enterprises to a “hold” rating in a report on Tuesday, June 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 price target on shares of Eos Energy Enterprises in a report on Wednesday, May 15th. TD Cowen reduced their price objective on Eos Energy Enterprises from $3.00 to $2.50 and set a “hold” rating on the stock in a research note on Thursday, May 16th. Roth Mkm reiterated a “buy” rating and set a $4.50 target price on shares of Eos Energy Enterprises in a research note on Friday, June 28th. Finally, Evercore ISI dropped their target price on shares of Eos Energy Enterprises from $7.00 to $3.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th.

Eos Energy Enterprises Trading Up 2.2 %

Eos Energy Enterprises stock opened at $1.83 on Friday. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $4.81. The stock has a market cap of $380.87 million, a P/E ratio of -1.17 and a beta of 2.37. The stock has a 50 day moving average of $1.30 and a 200-day moving average of $1.06.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.01. The company had revenue of $6.60 million for the quarter, compared to analyst estimates of $6.57 million. As a group, equities analysts predict that Eos Energy Enterprises will post -0.7 earnings per share for the current fiscal year.

Institutional Trading of Eos Energy Enterprises

A number of large investors have recently modified their holdings of EOSE. Canal Insurance CO grew its position in Eos Energy Enterprises by 150.0% in the 4th quarter. Canal Insurance CO now owns 100,000 shares of the company’s stock worth $109,000 after purchasing an additional 60,000 shares during the last quarter. Grimes & Company Inc. acquired a new position in Eos Energy Enterprises during the 4th quarter worth $44,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Eos Energy Enterprises by 24.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,258,058 shares of the company’s stock worth $4,641,000 after purchasing an additional 843,918 shares in the last quarter. Souders Financial Advisors increased its holdings in shares of Eos Energy Enterprises by 27.3% during the fourth quarter. Souders Financial Advisors now owns 186,602 shares of the company’s stock valued at $203,000 after purchasing an additional 40,000 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Eos Energy Enterprises by 32.4% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 283,858 shares of the company’s stock valued at $309,000 after purchasing an additional 69,512 shares in the last quarter. 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.