Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Holdings Raised by Barclays PLC

Barclays PLC raised its stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 593.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,378 shares of the company's stock after buying an additional 49,964 shares during the quarter. Barclays PLC's holdings in Eos Energy Enterprises were worth $283,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EOSE. Legal & General Group Plc increased its stake in Eos Energy Enterprises by 61,220.5% in the fourth quarter. Legal & General Group Plc now owns 4,804,461 shares of the company's stock valued at $23,350,000 after purchasing an additional 4,796,626 shares during the last quarter. Barings LLC grew its position in shares of Eos Energy Enterprises by 100.5% during the fourth quarter. Barings LLC now owns 2,403,448 shares of the company's stock worth $11,681,000 after acquiring an additional 1,204,430 shares during the last quarter. Swiss National Bank acquired a new stake in shares of Eos Energy Enterprises during the fourth quarter worth $2,071,000. EVR Research LP acquired a new stake in shares of Eos Energy Enterprises during the fourth quarter worth $1,993,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Eos Energy Enterprises during the fourth quarter worth $1,335,000. Institutional investors and hedge funds own 54.87% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on EOSE. Roth Mkm downgraded Eos Energy Enterprises from a "buy" rating to a "neutral" rating and raised their target price for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. 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. Finally, Roth Capital cut Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $4.70.

Eos Energy Enterprises Trading Down 4.9%

EOSE traded down $0.35 during midday trading on Friday, hitting $6.77. The company's stock had a trading volume of 2,721,520 shares, compared to its average volume of 7,647,922. The firm has a market cap of $1.53 billion, a P/E ratio of -2.83 and a beta of 2.11. The firm has a 50-day moving average price of $4.68 and a two-hundred day moving average price of $4.39. Eos Energy Enterprises, Inc. has a 52-week low of $0.66 and a 52-week high of $7.36.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.01). The company had revenue of $10.46 million during the quarter, compared to analysts' expectations of $11.77 million. On average, equities analysts expect that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current year.

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.