Russell Investments Group Ltd. Acquires Shares of 80,417 Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Russell Investments Group Ltd. purchased a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 80,417 shares of the company's stock, valued at approximately $391,000.

Other large investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in shares of Eos Energy Enterprises by 3.6% during the 4th quarter. Wells Fargo & Company MN now owns 62,075 shares of the company's stock worth $302,000 after buying an additional 2,175 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Eos Energy Enterprises during the 4th quarter valued at $251,000. Geode Capital Management LLC lifted its holdings in Eos Energy Enterprises by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 2,510,088 shares of the company's stock worth $12,205,000 after purchasing an additional 41,440 shares in the last quarter. DnB Asset Management AS lifted its holdings in Eos Energy Enterprises by 2.4% during the 4th quarter. DnB Asset Management AS now owns 629,141 shares of the company's stock worth $3,058,000 after purchasing an additional 14,494 shares in the last quarter. Finally, Pictet Asset Management Holding SA purchased a new stake in Eos Energy Enterprises during the 4th quarter worth about $267,000. Institutional investors own 54.87% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EOSE. Roth Capital cut Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Roth Mkm cut Eos Energy Enterprises from a "buy" rating to a "neutral" rating and raised 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. Finally, Cowen reiterated a "hold" rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Five investment 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, the company presently has an average rating of "Hold" and a consensus price target of $4.70.

Eos Energy Enterprises Stock Performance

Shares of Eos Energy Enterprises stock traded down $0.24 on Tuesday, hitting $5.24. 816,509 shares of the company traded hands, compared to its average volume of 7,452,134. The stock has a market capitalization of $1.19 billion, a P/E ratio of -2.17 and a beta of 2.17. Eos Energy Enterprises, Inc. has a 52 week low of $0.61 and a 52 week high of $6.64. The business has a 50-day simple moving average of $4.26 and a 200 day simple moving average of $4.16.

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.