Eos Energy Enterprises’ (EOSE) Buy Rating Reaffirmed at Roth Mkm

Roth Mkm restated their buy rating on shares of Eos Energy Enterprises (NASDAQ:EOSE) in a research note published on Friday morning, Benzinga reports. The firm currently has a $4.50 price objective on the stock.

Several other research analysts have also commented on the stock. B. Riley upgraded shares of Eos Energy Enterprises to a hold rating in a report on Tuesday. TD Cowen decreased their price objective on shares of Eos Energy Enterprises from $3.00 to $2.50 and set a hold rating for the company in a research report on Thursday, May 16th. Stifel Nicolaus reaffirmed a buy rating and set a $13.00 target price on shares of Eos Energy Enterprises in a research report on Wednesday, May 15th. Evercore ISI reduced their price target on Eos Energy Enterprises from $7.00 to $3.00 and set an outperform rating for the company in a report on Thursday, May 16th. Finally, Guggenheim dropped their price objective on Eos Energy Enterprises from $10.00 to $4.00 and set a buy rating on the stock in a report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $4.83.

Eos Energy Enterprises Stock Performance

NASDAQ EOSE opened at $1.27 on Friday. Eos Energy Enterprises has a one year low of $0.61 and a one year high of $5.67. The company’s 50 day moving average price is $0.80 and its 200 day moving average price is $0.95. The firm has a market capitalization of $264.33 million, a price-to-earnings ratio of -0.81 and a beta of 2.24.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.01. The business had revenue of $6.60 million during the quarter, compared to analysts’ expectations of $6.57 million. Sell-side analysts forecast that Eos Energy Enterprises will post -0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Eos Energy Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Eos Energy Enterprises by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company’s stock worth $9,657,000 after purchasing an additional 580,022 shares during the last quarter. Electron Capital Partners LLC increased its position in shares of Eos Energy Enterprises by 226.6% in the 4th quarter. Electron Capital Partners LLC now owns 6,958,125 shares of the company’s stock worth $7,584,000 after purchasing an additional 4,827,586 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Eos Energy Enterprises by 24.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,258,058 shares of the company’s stock valued at $4,641,000 after buying an additional 843,918 shares during the period. Invesco Ltd. boosted its holdings in shares of Eos Energy Enterprises by 23.6% in the 3rd quarter. Invesco Ltd. now owns 3,128,582 shares of the company’s stock valued at $6,726,000 after buying an additional 597,279 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of Eos Energy Enterprises by 503.7% in the 3rd quarter. Stifel Financial Corp now owns 930,205 shares of the company’s stock valued at $2,000,000 after buying an additional 776,110 shares during the period. Institutional investors own 54.87% of the company’s stock.

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.