Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives Consensus Rating of "Moderate Buy" from Analysts

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) has been given an average rating of "Moderate Buy" by the eight brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $6.08.

A number of research firms recently commented on EOSE. Evercore ISI reduced their target price on Eos Energy Enterprises from $12.00 to $7.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 6th. Guggenheim reduced their target price on Eos Energy Enterprises from $10.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, March 7th.

Eos Energy Enterprises Trading Up 1.6 %

Shares of Eos Energy Enterprises stock traded up $0.01 during trading on Wednesday, hitting $0.82. The stock had a trading volume of 3,330,671 shares, compared to its average volume of 5,350,630. The firm has a market cap of $166.94 million, a price-to-earnings ratio of -0.38 and a beta of 2.23. Eos Energy Enterprises has a 12 month low of $0.73 and a 12 month high of $5.67. The business's 50-day moving average is $0.99 and its 200 day moving average is $1.20.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last released its earnings results on Monday, March 4th. The company reported ($0.16) EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.06. The firm had revenue of $6.61 million during the quarter. As a group, equities analysts expect that Eos Energy Enterprises will post -0.63 EPS for the current year.

Institutional Trading of Eos Energy Enterprises

Several institutional investors have recently added to or reduced their stakes in EOSE. Itau Unibanco Holding S.A. purchased a new stake in shares of Eos Energy Enterprises during the second quarter worth about $32,000. Deutsche Bank AG boosted its holdings in shares of Eos Energy Enterprises by 15.3% during the third quarter. Deutsche Bank AG now owns 55,959 shares of the company's stock worth $120,000 after purchasing an additional 7,440 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Eos Energy Enterprises during the second quarter worth about $39,000. Two Sigma Advisers LP boosted its holdings in shares of Eos Energy Enterprises by 92.3% during the first quarter. Two Sigma Advisers LP now owns 20,000 shares of the company's stock worth $51,000 after purchasing an additional 9,600 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Eos Energy Enterprises by 3.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 287,779 shares of the company's stock worth $619,000 after purchasing an additional 9,616 shares during the period. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

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.