WESPAC Advisors LLC Acquires New Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

WESPAC Advisors LLC bought a new stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 3rd quarter, Holdings Channel reports. The firm bought 10,849 shares of the company’s stock, valued at approximately $32,000.

Several other institutional investors have also bought and sold shares of EOSE. Vanguard Group Inc. lifted its position in Eos Energy Enterprises by 6.6% in the first quarter. Vanguard Group Inc. now owns 9,375,916 shares of the company’s stock worth $9,657,000 after purchasing an additional 580,022 shares during the period. Millennium Management LLC increased its stake in Eos Energy Enterprises by 5,744.5% in the 2nd quarter. Millennium Management LLC now owns 3,164,017 shares of the company’s stock valued at $4,018,000 after buying an additional 3,109,880 shares during the period. NewEdge Advisors LLC increased its stake in shares of Eos Energy Enterprises by 30.2% in the second quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company’s stock worth $3,288,000 after acquiring an additional 600,143 shares during the last quarter. &PARTNERS increased its holdings in Eos Energy Enterprises by 27.4% in the second quarter. &PARTNERS now owns 411,900 shares of the company’s stock worth $523,000 after buying an additional 88,650 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of Eos Energy Enterprises by 940.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 275,765 shares of the company’s stock worth $284,000 after purchasing an additional 249,265 shares during the last quarter. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Trading Up 7.6 %

Shares of EOSE stock opened at $2.70 on Friday. Eos Energy Enterprises, Inc. has a 1 year low of $0.61 and a 1 year high of $3.66. The firm’s 50 day moving average is $2.85 and its 200-day moving average is $1.99. The firm has a market capitalization of $588.36 million, a price-to-earnings ratio of -1.12 and a beta of 2.38.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EOSE. Stifel Nicolaus reiterated a “buy” rating and issued a $6.00 price objective on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Roth Mkm lowered their price objective on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.90.

Insider Buying and Selling

In other Eos Energy Enterprises news, Director Jeffrey S. Bornstein sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $2.62, for a total transaction of $78,600.00. Following the completion of the sale, the director now directly owns 84,929 shares of the company’s stock, valued at approximately $222,513.98. The trade was a 26.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

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.