Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 18.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,468,648 shares of the company’s stock after acquiring an additional 376,494 shares during the quarter. Geode Capital Management LLC owned 1.14% of Eos Energy Enterprises worth $7,335,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of Eos Energy Enterprises by 9.5% in the third quarter. State Street Corp now owns 875,439 shares of the company’s stock worth $2,600,000 after purchasing an additional 75,657 shares in the last quarter. Walleye Capital LLC acquired a new stake in Eos Energy Enterprises in the third quarter worth about $48,000. Brightline Capital Management LLC bought a new position in Eos Energy Enterprises in the 3rd quarter valued at about $4,871,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Eos Energy Enterprises during the 3rd quarter valued at about $741,000. Finally, FMR LLC raised its position in shares of Eos Energy Enterprises by 67.8% during the 3rd quarter. FMR LLC now owns 58,651 shares of the company’s stock worth $174,000 after buying an additional 23,706 shares in the last quarter. Institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Trading Up 13.8 %

Shares of Eos Energy Enterprises stock opened at $5.53 on Friday. Eos Energy Enterprises, Inc. has a 52 week low of $0.61 and a 52 week high of $5.70. The stock has a market cap of $1.21 billion, a PE ratio of -2.29 and a beta of 2.31. The company’s 50-day moving average price is $3.31 and its two-hundred day moving average price is $2.58.

Wall Street Analyst Weigh In

Separately, Roth Mkm decreased their price objective on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $3.90.

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.