Fmr LLC Acquires 23,706 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Fmr LLC raised its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 67.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,651 shares of the company’s stock after acquiring an additional 23,706 shares during the period. Fmr LLC’s holdings in Eos Energy Enterprises were worth $174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Millennium Management LLC grew its position in shares of Eos Energy Enterprises by 5,744.5% in the 2nd quarter. Millennium Management LLC now owns 3,164,017 shares of the company’s stock valued at $4,018,000 after purchasing an additional 3,109,880 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Eos Energy Enterprises in the second quarter valued at approximately $216,000. NewEdge Advisors LLC lifted its stake in Eos Energy Enterprises by 30.2% in the second quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company’s stock valued at $3,288,000 after buying an additional 600,143 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Eos Energy Enterprises by 40.0% in the second quarter. Cullen Frost Bankers Inc. now owns 70,000 shares of the company’s stock valued at $89,000 after buying an additional 20,000 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in shares of Eos Energy Enterprises during the second quarter worth $83,000. 54.87% of the stock is currently owned by institutional investors.

Eos Energy Enterprises Stock Up 5.8 %

NASDAQ EOSE opened at $4.57 on Friday. The firm’s 50 day moving average is $3.05 and its 200-day moving average is $2.34. The company has a market capitalization of $995.86 million, a PE ratio of -1.90 and a beta of 2.31. Eos Energy Enterprises, Inc. has a 12-month low of $0.61 and a 12-month high of $4.68.

Wall Street Analyst Weigh In

Separately, Roth Mkm reduced their target price on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3.90.

Eos Energy Enterprises 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.