Eos Energy Enterprises (NASDAQ:EOSE) Lifted to “Hold” at B. Riley

B. Riley upgraded shares of Eos Energy Enterprises (NASDAQ:EOSE) to a hold rating in a report issued on Tuesday, Zacks.com reports.

A number of other equities analysts have also weighed in on EOSE. TD Cowen lowered their price objective on Eos Energy Enterprises from $3.00 to $2.50 and set a hold rating on the stock in a research note on Thursday, May 16th. Guggenheim dropped their price objective on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a buy rating for the company in a report on Thursday, March 7th. Stifel Nicolaus reaffirmed a buy rating and set a $13.00 target price on shares of Eos Energy Enterprises in a research note on Wednesday, May 15th. Roth Mkm dropped 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 note on Thursday, May 16th. Finally, Evercore ISI cut their price target on shares of Eos Energy Enterprises from $7.00 to $3.00 and set an outperform rating for the company in a report on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $4.83.

Eos Energy Enterprises Stock Up 6.3 %

Shares of EOSE opened at $1.36 on Tuesday. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $5.67. The stock has a market cap of $283.05 million, a PE ratio of -0.87 and a beta of 2.24. The firm’s fifty day moving average is $0.79 and its two-hundred day moving average is $0.95.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.01. The business had revenue of $6.60 million for the quarter, compared to analyst estimates of $6.57 million. As a group, research analysts anticipate that Eos Energy Enterprises will post -0.82 earnings per share for the current year.

Institutional Trading of Eos Energy Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOSE. Price T Rowe Associates Inc. MD lifted its position in shares of Eos Energy Enterprises by 74.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock worth $46,000 after purchasing an additional 18,735 shares in the last quarter. American International Group Inc. boosted its position in Eos Energy Enterprises by 41.2% in the 1st quarter. American International Group Inc. now owns 75,555 shares of the company’s stock valued at $78,000 after buying an additional 22,056 shares during the period. Powell Investment Advisors LLC boosted its position in Eos Energy Enterprises by 52.2% in the 1st quarter. Powell Investment Advisors LLC now owns 70,000 shares of the company’s stock valued at $72,000 after buying an additional 24,000 shares during the period. Black Maple Capital Management LP grew its stake in shares of Eos Energy Enterprises by 19.8% in the first quarter. Black Maple Capital Management LP now owns 181,248 shares of the company’s stock worth $187,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Elevatus Welath Management increased its position in shares of Eos Energy Enterprises by 50.0% during the first quarter. Elevatus Welath Management now owns 96,267 shares of the company’s stock worth $99,000 after acquiring an additional 32,090 shares during the period. Hedge funds and other institutional investors own 54.87% of the company’s stock.

About Eos Energy Enterprises

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.