Swiss National Bank Purchases New Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Swiss National Bank acquired a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 426,200 shares of the company’s stock, valued at approximately $2,071,000. Swiss National Bank owned about 0.20% of Eos Energy Enterprises at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management boosted its position in shares of Eos Energy Enterprises by 310.3% during the fourth quarter. Hollencrest Capital Management now owns 33,850 shares of the company’s stock worth $165,000 after purchasing an additional 25,600 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Eos Energy Enterprises during the fourth quarter worth about $101,000. Barings LLC grew its stake in Eos Energy Enterprises by 100.5% in the fourth quarter. Barings LLC now owns 2,403,448 shares of the company’s stock valued at $11,681,000 after acquiring an additional 1,204,430 shares during the period. Amundi bought a new stake in shares of Eos Energy Enterprises in the fourth quarter worth about $253,000. Finally, Carmel Capital Partners LLC acquired a new stake in shares of Eos Energy Enterprises during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Trading Down 1.9 %

Eos Energy Enterprises stock opened at $4.04 on Friday. Eos Energy Enterprises, Inc. has a 1-year low of $0.61 and a 1-year high of $6.64. The company has a fifty day simple moving average of $4.85 and a 200 day simple moving average of $3.89. The company has a market cap of $915.46 million, a P/E ratio of -1.68 and a beta of 2.15.

Analyst Upgrades and Downgrades

EOSE has been the subject of several research analyst reports. Roth Mkm lowered Eos Energy Enterprises from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $4.00 to $5.00 in a research report on Thursday, February 20th. Roth Capital cut shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Cowen restated a “hold” rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.70.

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.