Stifel Financial Corp Grows Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Stifel Financial Corp increased its stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,978,078 shares of the company's stock after buying an additional 297,909 shares during the quarter. Stifel Financial Corp owned about 2.28% of Eos Energy Enterprises worth $24,193,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EOSE. Parkside Financial Bank & Trust acquired a new position in shares of Eos Energy Enterprises during the 4th quarter valued at about $29,000. R Squared Ltd acquired a new position in shares of Eos Energy Enterprises in the 4th quarter worth approximately $31,000. Carmel Capital Partners LLC purchased a new position in shares of Eos Energy Enterprises during the 4th quarter worth approximately $49,000. Lake Street Private Wealth LLC acquired a new stake in Eos Energy Enterprises in the 4th quarter valued at approximately $51,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Eos Energy Enterprises during the fourth quarter worth $58,000. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Cowen reiterated a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Guggenheim restated a "buy" rating and issued a $7.00 price target on shares of Eos Energy Enterprises in a research note on Tuesday, March 18th. Roth Capital lowered Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Roth Mkm downgraded Eos Energy Enterprises from a "buy" rating to a "neutral" rating and upped their price target for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $4.70.

Eos Energy Enterprises Trading Down 7.3 %

NASDAQ:EOSE traded down $0.40 during midday trading on Wednesday, hitting $5.03. 2,082,243 shares of the company were exchanged, compared to its average volume of 7,457,582. Eos Energy Enterprises, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $6.64. The company has a market capitalization of $1.14 billion, a PE ratio of -2.08 and a beta of 2.17. The company has a fifty day simple moving average of $4.28 and a 200 day simple moving average of $4.17.

Eos Energy Enterprises Company 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.