Eos Energy Enterprises (NASDAQ:EOSE) Rating Lowered to “Neutral” at Roth Mkm

Eos Energy Enterprises (NASDAQ:EOSE) was downgraded by research analysts at Roth Mkm from a “buy” rating to a “neutral” rating in a research report issued on Thursday, Marketbeat reports. They presently have a $5.00 price objective on the stock, up from their previous price objective of $4.00. Roth Mkm’s target price suggests a potential upside of 11.61% from the company’s previous close.

Eos Energy Enterprises Trading Down 5.7 %

Shares of EOSE opened at $4.48 on Thursday. The firm has a market cap of $976.25 million, a PE ratio of -1.86 and a beta of 2.10. The company’s 50 day simple moving average is $5.19 and its 200-day simple moving average is $3.54. Eos Energy Enterprises has a 12-month low of $0.61 and a 12-month high of $6.64.

Institutional Investors Weigh In On Eos Energy Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hollencrest Capital Management raised its stake in shares of Eos Energy Enterprises by 1,000.0% during the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after buying an additional 7,500 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in Eos Energy Enterprises in the 4th quarter worth approximately $29,000. R Squared Ltd purchased a new position in shares of Eos Energy Enterprises during the 4th quarter valued at approximately $31,000. WESPAC Advisors LLC purchased a new position in shares of Eos Energy Enterprises during the 3rd quarter valued at approximately $32,000. Finally, Focused Wealth Management Inc purchased a new position in shares of Eos Energy Enterprises during the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

About Eos Energy Enterprises

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.