Eos Energy Enterprises (NASDAQ:EOSEW) Trading 21.2% Higher – Still a Buy?

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSEWGet Free Report) rose 21.2% on Monday . The stock traded as high as $0.70 and last traded at $0.64. Approximately 402,359 shares changed hands during mid-day trading, an increase of 749% from the average daily volume of 47,410 shares. The stock had previously closed at $0.53.

Eos Energy Enterprises Trading Up 8.9 %

The firm’s fifty day moving average is $0.23 and its 200-day moving average is $0.21.

Eos Energy Enterprises Company Profile

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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.

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