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.
Check Out Our Latest Stock Report on EOSE
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
(
Get Free ReportEos 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.
See Also

Before you consider Eos Energy Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eos Energy Enterprises wasn't on the list.
While Eos Energy Enterprises currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.