Eos Energy Enterprises Sees Unusually Large Options Volume (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 40,913 call options on the company. This is an increase of 60% compared to the typical volume of 25,494 call options.

Wall Street Analyst Weigh In

Separately, Roth Mkm decreased 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Eos Energy Enterprises presently has a consensus rating of “Moderate Buy” and an average price target of $3.90.

Eos Energy Enterprises Trading Down 9.1 %

Shares of EOSE opened at $4.91 on Wednesday. The firm has a market capitalization of $1.07 billion, a PE ratio of -2.04 and a beta of 2.10. The stock’s 50 day moving average is $4.92 and its two-hundred day moving average is $3.40. Eos Energy Enterprises has a twelve month low of $0.61 and a twelve month high of $6.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC grew its stake in shares of Eos Energy Enterprises by 5,744.5% during the 2nd quarter. Millennium Management LLC now owns 3,164,017 shares of the company’s stock worth $4,018,000 after purchasing an additional 3,109,880 shares during the period. Brightline Capital Management LLC purchased a new stake in Eos Energy Enterprises during the third quarter worth about $4,871,000. Barings LLC grew its position in Eos Energy Enterprises by 100.5% during the fourth quarter. Barings LLC now owns 2,403,448 shares of the company’s stock worth $11,681,000 after buying an additional 1,204,430 shares during the period. Swiss National Bank acquired a new position in Eos Energy Enterprises during the fourth quarter worth about $2,071,000. Finally, Geode Capital Management LLC increased its holdings in Eos Energy Enterprises by 18.0% in the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock valued at $7,335,000 after buying an additional 376,494 shares in the last quarter. Institutional investors and hedge funds 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.