Tudor Investment Corp ET AL Decreases Stock Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Tudor Investment Corp ET AL decreased its holdings in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 234,512 shares of the company's stock after selling 488,557 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.11% of Eos Energy Enterprises worth $1,140,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. WESPAC Advisors LLC lifted its holdings in shares of Eos Energy Enterprises by 16.6% during the 4th quarter. WESPAC Advisors LLC now owns 12,647 shares of the company's stock worth $61,000 after acquiring an additional 1,798 shares during the period. Wells Fargo & Company MN lifted its position in 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. Montag A & Associates Inc. lifted its position in shares of Eos Energy Enterprises by 21.0% during the fourth quarter. Montag A & Associates Inc. now owns 13,809 shares of the company's stock worth $67,000 after purchasing an additional 2,400 shares in the last quarter. Parkside Financial Bank & Trust bought a new position in Eos Energy Enterprises in the 4th quarter valued at $29,000. Finally, R Squared Ltd acquired a new stake in Eos Energy Enterprises in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 54.87% of the company's stock.

Eos Energy Enterprises Stock Up 3.5 %

Shares of EOSE stock traded up $0.21 during trading hours on Friday, hitting $6.21. 7,095,794 shares of the company's stock traded hands, compared to its average volume of 7,613,929. Eos Energy Enterprises, Inc. has a 12 month low of $0.62 and a 12 month high of $6.89. The stock has a market cap of $1.41 billion, a PE ratio of -2.58 and a beta of 2.11. The stock's 50 day simple moving average is $4.46 and its 200 day simple moving average is $4.27.

Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.01). The company had revenue of $10.46 million during the quarter, compared to the consensus estimate of $11.77 million. As a group, equities research analysts expect that Eos Energy Enterprises, Inc. will post -2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EOSE. Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Guggenheim restated a "buy" rating and set a $7.00 target price on shares of Eos Energy Enterprises in a research note on Tuesday, March 18th. Roth Mkm cut Eos Energy Enterprises from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $4.00 to $5.00 in a research report on Thursday, February 20th. Finally, Roth Capital downgraded shares of Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Eos Energy Enterprises has an average rating of "Hold" and an average price target of $4.70.

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.