Electron Capital Partners LLC Sells 2,237,222 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Electron Capital Partners LLC lessened its position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 28.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,722,916 shares of the company's stock after selling 2,237,222 shares during the quarter. Eos Energy Enterprises comprises 1.4% of Electron Capital Partners LLC's portfolio, making the stock its 19th biggest holding. Electron Capital Partners LLC owned approximately 2.63% of Eos Energy Enterprises worth $27,813,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in shares of Eos Energy Enterprises by 61,220.5% in the 4th quarter. Legal & General Group Plc now owns 4,804,461 shares of the company's stock worth $23,350,000 after purchasing an additional 4,796,626 shares during the period. Barings LLC boosted its holdings in shares of 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 purchasing an additional 1,204,430 shares during the period. Marshall Wace LLP boosted its holdings in shares of Eos Energy Enterprises by 154.6% in the 4th quarter. Marshall Wace LLP now owns 893,818 shares of the company's stock worth $4,344,000 after purchasing an additional 542,718 shares during the period. Swiss National Bank purchased a new position in shares of Eos Energy Enterprises in the 4th quarter worth approximately $2,071,000. Finally, EVR Research LP purchased a new position in shares of Eos Energy Enterprises in the 4th quarter worth approximately $1,993,000. Hedge funds and other institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Stock Performance

NASDAQ EOSE traded down $0.08 on Thursday, reaching $5.14. 4,008,438 shares of the stock traded hands, compared to its average volume of 7,461,805. The company has a fifty day moving average price of $4.31 and a 200-day moving average price of $4.19. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -2.13 and a beta of 2.17. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $6.64.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EOSE. Roth Capital lowered Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Guggenheim reissued a "buy" rating and set a $7.00 price target on shares of Eos Energy Enterprises in a research note on Tuesday, March 18th. Roth Mkm lowered Eos Energy Enterprises from a "buy" rating to a "neutral" rating and raised their price target for the stock from $4.00 to $5.00 in a research note on Thursday, February 20th. Finally, Cowen reissued a "hold" rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Eos Energy Enterprises has an average rating of "Hold" and a consensus price target of $4.70.

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.