Amundi Makes New Investment in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Amundi acquired a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 48,903 shares of the company’s stock, valued at approximately $253,000.

Other large investors also recently bought and sold shares of the company. Brightline Capital Management LLC purchased a new position in shares of Eos Energy Enterprises in the 3rd quarter valued at about $4,871,000. Geode Capital Management LLC increased its holdings in shares of Eos Energy Enterprises by 18.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock valued at $7,335,000 after purchasing an additional 376,494 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Eos Energy Enterprises in the 3rd quarter valued at about $993,000. FourThought Financial Partners LLC purchased a new position in shares of Eos Energy Enterprises in the 4th quarter valued at about $1,335,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Eos Energy Enterprises in the 3rd quarter valued at about $741,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EOSE. Roth Mkm downgraded shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and increased their price target for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Cowen reiterated a “hold” rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Roth Capital downgraded shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Guggenheim restated a “buy” rating and set a $7.00 target price on shares of Eos Energy Enterprises in a report on Tuesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $4.70.

Eos Energy Enterprises Trading Up 3.1 %

NASDAQ:EOSE opened at $4.39 on Friday. The firm has a 50-day moving average price of $4.93 and a two-hundred day moving average price of $3.84. Eos Energy Enterprises, Inc. has a twelve month low of $0.61 and a twelve month high of $6.64. The company has a market capitalization of $994.77 million, a P/E ratio of -1.82 and a beta of 2.15.

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.