Alyeska Investment Group L.P. Increases Stock Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Alyeska Investment Group L.P. raised its holdings in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 714.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,628,500 shares of the company's stock after purchasing an additional 1,428,500 shares during the period. Alyeska Investment Group L.P. owned approximately 0.75% of Eos Energy Enterprises worth $7,915,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Parkside Financial Bank & Trust purchased a new stake in shares of Eos Energy Enterprises during the fourth quarter valued at $29,000. R Squared Ltd bought a new stake in shares of Eos Energy Enterprises in the fourth quarter worth approximately $31,000. Carmel Capital Partners LLC bought a new stake in shares of Eos Energy Enterprises in the fourth quarter worth approximately $49,000. Lake Street Private Wealth LLC purchased a new position in shares of Eos Energy Enterprises during the fourth quarter valued at approximately $51,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Eos Energy Enterprises during the fourth quarter valued at approximately $58,000. Institutional investors own 54.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EOSE shares. Roth Mkm lowered shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and boosted their target price for the company from $4.00 to $5.00 in a research note on Thursday, February 20th. Guggenheim reiterated a "buy" rating and set a $7.00 price objective on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Roth Capital cut Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Cowen reaffirmed a "hold" rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Five 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, the stock has a consensus rating of "Hold" and a consensus target price of $4.70.

Eos Energy Enterprises Stock Down 5.1 %

NASDAQ EOSE opened at $5.06 on Tuesday. Eos Energy Enterprises, Inc. has a 52 week low of $0.61 and a 52 week high of $6.64. The company has a market capitalization of $1.15 billion, a P/E ratio of -2.10 and a beta of 2.11. The stock's 50-day moving average price is $4.35 and its 200-day moving average price is $4.23.

Eos Energy Enterprises Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.