Evercore ISI Cuts Eos Energy Enterprises (NASDAQ:EOSE) Price Target to $12.00

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) had its price target decreased by equities research analysts at Evercore ISI from $13.00 to $12.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an "outperform" rating on the stock.

Other research analysts also recently issued reports about the stock. Roth Mkm began coverage on shares of Eos Energy Enterprises in a research report on Monday, December 4th. They issued a "buy" rating and a $6.00 target price on the stock. Roth Capital reiterated a "buy" rating on shares of Eos Energy Enterprises in a research note on Monday, December 4th. Finally, B. Riley decreased their price target on shares of Eos Energy Enterprises from $5.00 to $2.00 and set a "neutral" rating for the company in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $7.92.

Eos Energy Enterprises Trading Up 0.8 %

Shares of NASDAQ EOSE traded up $0.01 during mid-day trading on Tuesday, reaching $0.96. The company had a trading volume of 2,556,819 shares, compared to its average volume of 5,633,551. The firm has a 50 day simple moving average of $1.07 and a two-hundred day simple moving average of $1.71. The stock has a market cap of $152.12 million, a P/E ratio of -0.36 and a beta of 2.31. Eos Energy Enterprises has a 52-week low of $0.73 and a 52-week high of $5.67.

Institutional Trading of Eos Energy Enterprises

Several hedge funds have recently made changes to their positions in EOSE. Metropolitan Life Insurance Co NY acquired a new stake in shares of Eos Energy Enterprises in the 2nd quarter worth $26,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Eos Energy Enterprises in the 4th quarter valued at about $29,000. Itau Unibanco Holding S.A. purchased a new position in shares of Eos Energy Enterprises in the 2nd quarter valued at about $32,000. Exchange Traded Concepts LLC purchased a new position in shares of Eos Energy Enterprises in the 3rd quarter valued at about $35,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Eos Energy Enterprises in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 65.36% of the company's stock.

Eos Energy Enterprises Company Profile

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility, commercial and industrial, and microgrid markets in the United States. The company's flagship product is the Eos Znyth DC system, a battery that can be used as an alternative to Li-ion batteries.

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