Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Given Average Rating of "Hold" by Brokerages

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) has been assigned a consensus rating of "Hold" from the eight brokerages that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $4.70.

A number of equities analysts have commented on the stock. Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Roth Mkm downgraded shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $4.00 to $5.00 in a research note on Thursday, February 20th. Guggenheim reaffirmed a "buy" rating and issued a $7.00 target price on shares of Eos Energy Enterprises in a research note on Tuesday, March 18th. Finally, Roth Capital downgraded shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th.

Eos Energy Enterprises Stock Up 3.5%

NASDAQ:EOSE traded up $0.21 on Tuesday, reaching $6.21. The stock had a trading volume of 7,095,794 shares, compared to its average volume of 7,624,520. The company has a market capitalization of $1.41 billion, a P/E ratio of -2.58 and a beta of 2.11. Eos Energy Enterprises has a 1-year low of $0.66 and a 1-year high of $6.89. The stock has a fifty day moving average price of $4.50 and a 200-day moving average price of $4.31.

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 analysts' consensus estimates of ($0.19) by ($0.01). The business had revenue of $10.46 million for the quarter, compared to analysts' expectations of $11.77 million. Sell-side analysts predict that Eos Energy Enterprises will post -2.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Eos Energy Enterprises

Institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust bought a new position in shares of Eos Energy Enterprises in the fourth quarter worth about $29,000. R Squared Ltd bought a new stake in shares of Eos Energy Enterprises during the fourth quarter worth approximately $31,000. KBC Group NV bought a new stake in shares of Eos Energy Enterprises during the first quarter worth approximately $38,000. SBI Securities Co. Ltd. raised its stake in shares of Eos Energy Enterprises by 588.0% during the first quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company's stock worth $38,000 after buying an additional 8,602 shares during the last quarter. Finally, Parallel Advisors LLC bought a new stake in shares of Eos Energy Enterprises during the first quarter worth approximately $43,000. 54.87% of the stock is owned by institutional investors.

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.