Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Stock Holdings Lowered by Paloma Partners Management Co

Paloma Partners Management Co lowered its position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 76.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 27,192 shares of the company’s stock after selling 87,808 shares during the period. Paloma Partners Management Co’s holdings in Eos Energy Enterprises were worth $28,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Electron Capital Partners LLC lifted its position in shares of Eos Energy Enterprises by 226.6% in the fourth quarter. Electron Capital Partners LLC now owns 6,958,125 shares of the company’s stock worth $7,584,000 after purchasing an additional 4,827,586 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Eos Energy Enterprises by 24.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,258,058 shares of the company’s stock valued at $4,641,000 after acquiring an additional 843,918 shares during the period. Vanguard Group Inc. boosted its position in shares of Eos Energy Enterprises by 6.6% in the first quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company’s stock valued at $9,657,000 after acquiring an additional 580,022 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Eos Energy Enterprises by 51.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 435,129 shares of the company’s stock valued at $433,000 after acquiring an additional 147,350 shares during the period. Finally, Black Maple Capital Management LP boosted its position in shares of Eos Energy Enterprises by 227.0% in the fourth quarter. Black Maple Capital Management LP now owns 151,248 shares of the company’s stock valued at $165,000 after acquiring an additional 105,000 shares during the period. Institutional investors own 54.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EOSE. B. Riley raised Eos Energy Enterprises to a “hold” rating in a research report on Tuesday, June 25th. TD Cowen reduced their target price on Eos Energy Enterprises from $3.00 to $2.50 and set a “hold” rating for the company in a research report on Thursday, May 16th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 target price on shares of Eos Energy Enterprises in a research report on Wednesday, May 15th. Evercore ISI reduced their target price on Eos Energy Enterprises from $7.00 to $3.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $4.50 target price on shares of Eos Energy Enterprises in a research report on Friday, June 28th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Eos Energy Enterprises has a consensus rating of “Moderate Buy” and an average price target of $4.83.

Eos Energy Enterprises Stock Performance

Shares of NASDAQ EOSE traded down $0.01 during midday trading on Monday, reaching $1.79. 2,993,759 shares of the company traded hands, compared to its average volume of 6,668,340. The firm has a market cap of $372.55 million, a PE ratio of -1.15 and a beta of 2.37. The stock’s 50-day simple moving average is $1.28 and its 200-day simple moving average is $1.06. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $4.81.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.01. The company had revenue of $6.60 million for the quarter, compared to the consensus estimate of $6.57 million. On average, equities research analysts expect that Eos Energy Enterprises, Inc. will post -0.7 EPS for the current 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.