Vanguard Group Inc. Sells 97,450 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Vanguard Group Inc. lowered its stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Free Report) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,303,048 shares of the company's stock after selling 97,450 shares during the quarter. Vanguard Group Inc. owned about 4.73% of Eos Energy Enterprises worth $50,073,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC raised its position in shares of Eos Energy Enterprises by 67.8% during the third quarter. FMR LLC now owns 58,651 shares of the company's stock valued at $174,000 after buying an additional 23,706 shares during the last quarter. Walleye Capital LLC acquired a new position in Eos Energy Enterprises in the third quarter worth about $48,000. State Street Corp lifted its stake in Eos Energy Enterprises by 9.5% during the third quarter. State Street Corp now owns 875,439 shares of the company's stock worth $2,600,000 after purchasing an additional 75,657 shares during the period. Geode Capital Management LLC grew its stake 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 purchasing an additional 376,494 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Eos Energy Enterprises in the 3rd quarter valued at $206,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Eos Energy Enterprises Stock Down 1.7 %

NASDAQ:EOSE traded down $0.09 during trading hours on Thursday, hitting $4.81. 1,859,157 shares of the stock were exchanged, compared to its average volume of 7,407,044. The company has a market capitalization of $1.09 billion, a P/E ratio of -2.00 and a beta of 2.17. The company's 50 day moving average is $4.28 and its two-hundred day moving average is $4.05. Eos Energy Enterprises, Inc. has a twelve month low of $0.61 and a twelve month high of $6.64.

Analyst Ratings Changes

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

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.