Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. reduced its stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 52.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,008 shares of the company's stock after selling 162,222 shares during the period. Rockefeller Capital Management L.P. owned about 0.07% of Eos Energy Enterprises worth $719,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Arizona State Retirement System acquired a new position in shares of Eos Energy Enterprises in the 4th quarter valued at about $305,000. Geode Capital Management LLC boosted its holdings in shares of Eos Energy Enterprises by 18.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company's stock valued at $7,335,000 after buying an additional 376,494 shares during the period. Tidal Investments LLC acquired a new position in shares of Eos Energy Enterprises in the 3rd quarter valued at about $993,000. FourThought Financial Partners LLC acquired a new position in shares of Eos Energy Enterprises in the 4th quarter valued at about $1,335,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Eos Energy Enterprises in the 4th quarter valued at about $315,000. 54.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EOSE shares. Roth Mkm lowered shares of Eos Energy Enterprises from a "buy" rating to a "neutral" rating and lifted their price target for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Guggenheim reaffirmed a "buy" rating and issued a $7.00 price target on shares of Eos Energy Enterprises in a report on Tuesday, March 18th. Cowen reaffirmed a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Finally, Roth Capital lowered shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Eos Energy Enterprises currently has a consensus rating of "Hold" and an average target price of $4.70.

Eos Energy Enterprises Trading Up 5.0 %

Eos Energy Enterprises stock traded up $0.26 during midday trading on Monday, reaching $5.48. 6,674,343 shares of the stock traded hands, compared to its average volume of 7,477,290. The firm has a fifty day moving average price of $4.26 and a two-hundred day moving average price of $4.16. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -2.27 and a beta of 2.17. Eos Energy Enterprises, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $6.64.

Eos Energy Enterprises 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.