Powell Investment Advisors LLC Has $72,000 Stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Powell Investment Advisors LLC increased its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 52.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,000 shares of the company’s stock after buying an additional 24,000 shares during the period. Powell Investment Advisors LLC’s holdings in Eos Energy Enterprises were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EOSE. Electron Capital Partners LLC grew its stake in shares of Eos Energy Enterprises by 226.6% during the fourth quarter. Electron Capital Partners LLC now owns 6,958,125 shares of the company’s stock worth $7,584,000 after buying an additional 4,827,586 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 buying an additional 843,918 shares during the period. Invesco Ltd. lifted its holdings in Eos Energy Enterprises by 23.6% in the third quarter. Invesco Ltd. now owns 3,128,582 shares of the company’s stock valued at $6,726,000 after buying an additional 597,279 shares during the period. Stifel Financial Corp lifted its holdings in Eos Energy Enterprises by 503.7% in the third quarter. Stifel Financial Corp now owns 930,205 shares of the company’s stock valued at $2,000,000 after buying an additional 776,110 shares during the period. Finally, Alps Advisors Inc. acquired a new position in Eos Energy Enterprises in the third quarter valued at $1,109,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Eos Energy Enterprises Price Performance

Shares of NASDAQ:EOSE traded down $0.09 during midday trading on Friday, hitting $1.27. 20,299,211 shares of the company’s stock were exchanged, compared to its average volume of 6,161,570. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $5.67. The stock has a 50 day moving average price of $0.79 and a 200-day moving average price of $0.95. The company has a market cap of $264.33 million, a PE ratio of -0.89 and a beta of 2.24.

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, topping analysts’ consensus estimates of ($0.24) by $0.01. The firm had revenue of $6.60 million during the quarter, compared to the consensus estimate of $6.57 million. On average, analysts anticipate that Eos Energy Enterprises, Inc. will post -0.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EOSE shares. Roth Mkm reiterated a “buy” rating and set a $4.50 price objective on shares of Eos Energy Enterprises in a report on Friday. Evercore ISI dropped their price objective on shares of Eos Energy Enterprises from $7.00 to $3.00 and set an “outperform” rating on the stock in a report on Thursday, May 16th. TD Cowen dropped their price objective 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. Finally, Guggenheim dropped their price objective on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.83.

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.