Energy Transition Special Opportunities' (NYSE:ETSS) Lock-Up Period Will Expire on November 11th

Key Points

• ETSS’s lock-up period expires November 11, allowing insiders and major shareholders to sell shares. The SPAC issued 15 million shares at $10 each in its May public offering.
• Weiss Ratings initiated coverage with a “Sell” rating; the single analyst rating tracked by MarketBeat is also Sell.
• ETSS traded at $9.94, near its $10.00 52-week high. Nilsine Partners disclosed a new position of 57,271 shares, valued at about $963,000.

Energy Transition Special Opportunities' (NYSE:ETSS - Get Free Report) lock-up period is set to expire on Wednesday, November 11th. Energy Transition Special Opportunities had issued 15,000,000 shares in its public offering on May 15th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end of Energy Transition Special Opportunities' lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of Energy Transition Special Opportunities in a research report on Friday, August 28th. They set a "sell (e)" rating on the stock. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of "Sell".

Energy Transition Special Opportunities Trading Up 0.1%

NYSE:ETSS opened at $9.94 on Wednesday. Energy Transition Special Opportunities has a fifty-two week low of $9.77 and a fifty-two week high of $10.00. The company's 50-day simple moving average is $9.94.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Energy Transition Special Opportunities stock. Nilsine Partners LLC purchased a new stake in Energy Transition Special Opportunities (NYSE:ETSS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 57,271 shares of the company's stock, valued at approximately $963,000. Nilsine Partners LLC owned 0.38% of Energy Transition Special Opportunities as of its most recent SEC filing.

Energy Transition Special Opportunities Company Profile

Energy Transition Special Opportunities Corp. NYSE: ETSS is a special purpose acquisition company (SPAC) formed to pursue a merger, stock purchase, asset acquisition, reorganization or similar business combination with one or more businesses.

The company has focused its acquisition strategy on opportunities related to the energy transition, including technologies, infrastructure and services that support decarbonization, renewable energy, electrification, energy efficiency and related developments.

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