Stephens Inc. AR Invests $64,000 in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Stephens Inc. AR bought a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,100 shares of the company’s stock, valued at approximately $64,000.

Other large investors have also made changes to their positions in the company. Brightline Capital Management LLC purchased a new stake in shares of Eos Energy Enterprises during the third quarter worth approximately $4,871,000. Geode Capital Management LLC increased its position in shares of Eos Energy Enterprises by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock worth $7,335,000 after purchasing an additional 376,494 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Eos Energy Enterprises during the third quarter worth approximately $993,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Eos Energy Enterprises during the third quarter worth approximately $741,000. Finally, Cutter & CO Brokerage Inc. purchased a new stake in shares of Eos Energy Enterprises during the third quarter worth approximately $256,000. 54.87% of the stock is owned by institutional investors and hedge funds.

Eos Energy Enterprises Stock Down 6.3 %

Shares of NASDAQ:EOSE opened at $4.90 on Monday. The business has a fifty day moving average of $5.04 and a two-hundred day moving average of $3.46. The stock has a market cap of $1.07 billion, a P/E ratio of -2.03 and a beta of 2.10. Eos Energy Enterprises, Inc. has a 52-week low of $0.61 and a 52-week high of $6.64.

Analysts Set New Price Targets

Separately, Roth Mkm dropped their price target 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.90.

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.