Eos Energy Enterprises Sees Unusually Large Options Volume (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) saw some unusual options trading activity on Wednesday. Investors bought 158,708 call options on the stock. This represents an increase of approximately 529% compared to the average volume of 25,226 call options.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EOSE. Stifel Financial Corp grew its holdings in Eos Energy Enterprises by 6.4% during the 4th quarter. Stifel Financial Corp now owns 4,978,078 shares of the company's stock worth $24,193,000 after acquiring an additional 297,909 shares during the period. Legal & General Group Plc grew its position in shares of Eos Energy Enterprises by 61,220.5% during the 4th quarter. Legal & General Group Plc now owns 4,804,461 shares of the company's stock worth $23,350,000 after buying an additional 4,796,626 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Eos Energy Enterprises in the 4th quarter valued at about $16,632,000. Geode Capital Management LLC raised its position in shares of Eos Energy Enterprises by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 2,510,088 shares of the company's stock valued at $12,205,000 after acquiring an additional 41,440 shares during the period. Finally, Barings LLC boosted its stake in Eos Energy Enterprises by 100.5% during 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. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Eos Energy Enterprises Stock Up 26.9 %

EOSE stock traded up $1.35 during trading on Wednesday, hitting $6.39. The company had a trading volume of 17,197,589 shares, compared to its average volume of 7,512,295. The firm has a 50-day moving average price of $4.37 and a 200-day moving average price of $4.24. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -2.67 and a beta of 2.11. Eos Energy Enterprises has a 12 month low of $0.61 and a 12 month high of $6.88.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EOSE shares. Roth Mkm cut 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. Cowen reiterated a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Guggenheim reissued 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 lowered Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Eos Energy Enterprises presently has a consensus 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.

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