Eos Energy Enterprises’ (EOSE) Buy Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Eos Energy Enterprises (NASDAQ:EOSE) in a research note published on Wednesday, MarketBeat reports. They currently have a $6.00 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. B. Riley upgraded shares of Eos Energy Enterprises to a hold rating in a research report on Tuesday, June 25th. Roth Mkm restated a buy rating and set a $4.50 price target on shares of Eos Energy Enterprises in a report on Friday, June 28th. TD Cowen reduced their price target on shares of Eos Energy Enterprises from $3.00 to $2.50 and set a hold rating on the stock in a research report on Thursday, May 16th. Finally, Evercore ISI lowered their price objective 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $3.67.

Eos Energy Enterprises Stock Down 2.5 %

Shares of EOSE opened at $2.36 on Wednesday. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $4.81. The stock has a fifty day simple moving average of $1.67 and a two-hundred day simple moving average of $1.16. The company has a market capitalization of $491.18 million, a PE ratio of -1.51 and a beta of 2.37.

Insider Activity

In related news, CEO Joe Mastrangelo acquired 52,800 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $1.43 per share, with a total value of $75,504.00. Following the transaction, the chief executive officer now owns 909,793 shares of the company’s stock, valued at approximately $1,301,003.99. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.06% of the company’s stock.

Hedge Funds Weigh In On Eos Energy Enterprises

Several hedge funds have recently bought and sold shares of the company. Ground Swell Capital LLC acquired a new position in Eos Energy Enterprises in the 2nd quarter valued at about $34,000. Scientech Research LLC purchased a new position in shares of Eos Energy Enterprises in the second quarter valued at approximately $36,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Eos Energy Enterprises by 74.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock valued at $46,000 after purchasing an additional 18,735 shares during the period. Elevatus Welath Management acquired a new position in shares of Eos Energy Enterprises in the fourth quarter valued at approximately $70,000. Finally, Powell Investment Advisors LLC increased its stake in Eos Energy Enterprises by 52.2% during the 1st quarter. Powell Investment Advisors LLC now owns 70,000 shares of the company’s stock worth $72,000 after buying an additional 24,000 shares during the period. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Company 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.