Analysts Set Eos Energy Enterprises, Inc. (NASDAQ:EOSE) PT at $3.90

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $3.90.

A number of research analysts recently issued reports on the stock. Roth Mkm lowered their price target on shares of 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. Stifel Nicolaus reiterated a “buy” rating and set a $6.00 target price on shares of Eos Energy Enterprises in a report on Wednesday, August 21st.

Insider Buying and Selling at Eos Energy Enterprises

In other Eos Energy Enterprises news, Director Jeffrey S. Bornstein sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $2.62, for a total value of $78,600.00. Following the completion of the transaction, the director now owns 84,929 shares of the company’s stock, valued at approximately $222,513.98. The trade was a 26.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by company insiders.

Institutional Trading of Eos Energy Enterprises

Institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management raised 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 valued at $25,000 after purchasing an additional 7,500 shares during the last quarter. WESPAC Advisors LLC purchased a new stake in Eos Energy Enterprises during the 3rd quarter valued at $32,000. Focused Wealth Management Inc purchased a new stake in Eos Energy Enterprises during the 3rd quarter valued at $46,000. Walleye Capital LLC bought a new position in shares of Eos Energy Enterprises during the 3rd quarter valued at $48,000. Finally, Venture Visionary Partners LLC purchased a new position in shares of Eos Energy Enterprises in the 3rd quarter worth $59,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Trading Up 9.3 %

Shares of Eos Energy Enterprises stock opened at $2.95 on Thursday. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $3.66. The firm has a market capitalization of $642.83 million, a P/E ratio of -1.22 and a beta of 2.38. The business has a fifty day simple moving average of $2.87 and a two-hundred day simple moving average of $2.07.

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.