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

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $3.90.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management boosted its position in shares of Eos Energy Enterprises by 1,000.0% in the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after acquiring an additional 7,500 shares during the last quarter. WESPAC Advisors LLC purchased a new stake in shares of Eos Energy Enterprises during the 3rd quarter valued at about $32,000. Focused Wealth Management Inc acquired a new position in shares of Eos Energy Enterprises during the third quarter worth $46,000. Walleye Capital LLC acquired a new position in Eos Energy Enterprises in the 3rd quarter worth $48,000. Finally, Venture Visionary Partners LLC acquired a new position in shares of Eos Energy Enterprises in the third quarter worth about $59,000. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

Eos Energy Enterprises Stock Performance

EOSE stock opened at $4.56 on Monday. Eos Energy Enterprises has a one year low of $0.61 and a one year high of $4.80. The firm’s 50 day moving average price is $3.13 and its 200-day moving average price is $2.44. The firm has a market cap of $993.68 million, a PE ratio of -1.89 and a beta of 2.32.

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.