Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Shares Purchased by Electron Capital Partners LLC

Electron Capital Partners LLC raised its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 226.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,958,125 shares of the company’s stock after acquiring an additional 4,827,586 shares during the quarter. Electron Capital Partners LLC’s holdings in Eos Energy Enterprises were worth $7,584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in EOSE. Twin Focus Capital Partners LLC acquired a new stake in shares of Eos Energy Enterprises during the third quarter worth $54,000. Grimes & Company Inc. purchased a new stake in Eos Energy Enterprises during the fourth quarter valued at about $44,000. Powell Investment Advisors LLC boosted its holdings in shares of Eos Energy Enterprises by 155.6% in the fourth quarter. Powell Investment Advisors LLC now owns 46,000 shares of the company’s stock worth $50,000 after buying an additional 28,000 shares during the period. Elevatus Welath Management purchased a new position in shares of Eos Energy Enterprises in the fourth quarter worth approximately $70,000. Finally, Daiwa Securities Group Inc. raised its stake in Eos Energy Enterprises by 146.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 74,387 shares of the company’s stock valued at $81,000 after purchasing an additional 44,161 shares during the period. Institutional investors own 54.87% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EOSE. Roth Mkm reduced their price target on shares of Eos Energy Enterprises from $6.00 to $4.50 and set a “buy” rating for the company in a research report on Thursday, May 16th. TD Cowen lowered their price target on shares of Eos Energy Enterprises from $3.00 to $2.50 and set a “hold” rating on the stock in a report on Thursday, May 16th. Stifel Nicolaus reiterated a “buy” rating and set a $13.00 price objective on shares of Eos Energy Enterprises in a report on Wednesday, May 15th. Evercore ISI lowered their target price on Eos Energy Enterprises from $7.00 to $3.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. Finally, Guggenheim cut their price target on Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4.83.

Eos Energy Enterprises Trading Down 13.3 %

NASDAQ EOSE traded down $0.12 during trading on Friday, hitting $0.81. 5,231,456 shares of the company traded hands, compared to its average volume of 5,118,023. The company has a market capitalization of $169.50 million, a P/E ratio of -0.52 and a beta of 2.24. The business has a fifty day simple moving average of $0.76 and a 200 day simple moving average of $0.95. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $5.67.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.01. The company had revenue of $6.60 million for the quarter, compared to analyst estimates of $6.57 million. Equities research analysts predict that Eos Energy Enterprises, Inc. will post -0.79 EPS for the current fiscal year.

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.