Eos Energy Enterprises Target of Unusually High Options Trading (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) saw some unusual options trading on Tuesday. Traders purchased 30,934 put options on the stock. This represents an increase of approximately 16% compared to the typical daily volume of 26,724 put options.

Institutional Investors Weigh In On Eos Energy Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WESPAC Advisors LLC raised its stake in Eos Energy Enterprises by 16.6% in the 4th quarter. WESPAC Advisors LLC now owns 12,647 shares of the company’s stock valued at $61,000 after purchasing an additional 1,798 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Eos Energy Enterprises by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 62,075 shares of the company’s stock worth $302,000 after buying an additional 2,175 shares in the last quarter. Montag A & Associates Inc. lifted its stake in shares of Eos Energy Enterprises by 21.0% in the fourth quarter. Montag A & Associates Inc. now owns 13,809 shares of the company’s stock worth $67,000 after buying an additional 2,400 shares in the last quarter. Parkside Financial Bank & Trust purchased a new stake in Eos Energy Enterprises during the 4th quarter valued at about $29,000. Finally, R Squared Ltd acquired a new stake in Eos Energy Enterprises in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Down 4.0 %

Shares of Eos Energy Enterprises stock opened at $4.09 on Wednesday. The firm has a market cap of $891.26 million, a PE ratio of -1.70 and a beta of 2.10. Eos Energy Enterprises has a twelve month low of $0.61 and a twelve month high of $6.64. The business has a 50-day moving average price of $5.20 and a 200 day moving average price of $3.61.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Roth Mkm downgraded shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $4.00 to $5.00 in a research report on Thursday, February 20th. Roth Capital lowered shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Eos Energy Enterprises presently has a consensus rating of “Hold” and an average target price of $4.10.

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.