Carmel Capital Partners LLC Makes New $49,000 Investment in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Carmel Capital Partners LLC acquired a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,000 shares of the company’s stock, valued at approximately $49,000.

Several other hedge funds also recently made changes to their positions in EOSE. Hollencrest Capital Management grew its holdings in shares of Eos Energy Enterprises by 1,000.0% during the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after purchasing an additional 7,500 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of Eos Energy Enterprises during the fourth quarter worth about $29,000. R Squared Ltd purchased a new position in shares of Eos Energy Enterprises during the fourth quarter worth about $31,000. WESPAC Advisors LLC purchased a new position in shares of Eos Energy Enterprises during the third quarter worth about $32,000. Finally, Focused Wealth Management Inc purchased a new position in shares of Eos Energy Enterprises during the third quarter worth about $46,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Up 26.1 %

NASDAQ EOSE opened at $4.97 on Thursday. Eos Energy Enterprises, Inc. has a 52-week low of $0.61 and a 52-week high of $6.64. The business’s 50-day moving average price is $5.18 and its 200 day moving average price is $3.70. The firm has a market cap of $1.08 billion, a P/E ratio of -2.06 and a beta of 2.15.

Analysts Set New Price Targets

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

Eos Energy Enterprises 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.