Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives $3.90 Consensus Price Target from Brokerages

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have been given an average rating of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $3.90.

Separately, Roth Mkm cut their price target on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th.

Eos Energy Enterprises Trading Down 2.3 %

EOSE opened at $6.02 on Friday. The company has a fifty day moving average price of $3.85 and a two-hundred day moving average price of $2.94. The company has a market cap of $1.31 billion, a P/E ratio of -2.50 and a beta of 2.09. Eos Energy Enterprises has a 1-year low of $0.61 and a 1-year high of $6.47.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management boosted its holdings in shares of Eos Energy Enterprises by 1,000.0% in the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after purchasing an additional 7,500 shares in the last quarter. Lake Street Private Wealth LLC bought a new stake in Eos Energy Enterprises in the 4th quarter worth approximately $51,000. WESPAC Advisors LLC purchased a new stake in Eos Energy Enterprises in the third quarter worth approximately $32,000. Focused Wealth Management Inc bought a new position in Eos Energy Enterprises during the third quarter valued at approximately $46,000. Finally, Walleye Capital LLC purchased a new position in shares of Eos Energy Enterprises during the third quarter worth approximately $48,000. 54.87% of the stock is currently owned by institutional investors.

Eos Energy Enterprises Company 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.