Barclays PLC Boosts Stock Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Barclays PLC raised its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 593.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. 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.

Other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System bought a new position in shares of Eos Energy Enterprises during the fourth quarter worth approximately $305,000. FourThought Financial Partners LLC purchased a new stake in shares of Eos Energy Enterprises during the fourth quarter worth $1,335,000. Raymond James Financial Inc. purchased a new position in shares of Eos Energy Enterprises in the fourth quarter worth about $315,000. Swiss National Bank bought a new stake in Eos Energy Enterprises during the 4th quarter valued at approximately $2,071,000. Finally, Barings LLC raised its holdings in Eos Energy Enterprises by 100.5% in the 4th 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. Institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Stock Up 7.4%

EOSE stock traded up $0.47 during midday trading on Tuesday, reaching $6.80. 15,192,341 shares of the company's stock traded hands, compared to its average volume of 7,661,736. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -2.82 and a beta of 2.11. Eos Energy Enterprises, Inc. has a 52 week low of $0.66 and a 52 week high of $7.05. The firm's fifty day moving average price is $4.57 and its 200-day moving average price is $4.35.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.01). The company had revenue of $10.46 million for the quarter, compared to analyst estimates of $11.77 million. Analysts forecast that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on EOSE shares. Cowen reissued 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 target on shares of Eos Energy Enterprises in a report on Tuesday, March 18th. Roth Capital downgraded shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Roth Mkm downgraded shares of 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 research note 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 company's stock. According to data from MarketBeat, Eos Energy Enterprises presently has an average rating of "Hold" and a consensus target price of $4.70.

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.