Tidal Investments LLC Takes $993,000 Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Tidal Investments LLC acquired a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 334,445 shares of the company’s stock, valued at approximately $993,000. Tidal Investments LLC owned approximately 0.15% of Eos Energy Enterprises at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EOSE. Hollencrest Capital Management boosted its position in Eos Energy Enterprises by 1,000.0% during the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock worth $25,000 after acquiring an additional 7,500 shares during the last quarter. WESPAC Advisors LLC purchased a new position in shares of Eos Energy Enterprises during the 3rd quarter worth $32,000. Ground Swell Capital LLC acquired a new stake in shares of Eos Energy Enterprises during the second quarter worth $34,000. Scientech Research LLC purchased a new stake in shares of Eos Energy Enterprises in the second quarter valued at $36,000. Finally, Focused Wealth Management Inc acquired a new position in Eos Energy Enterprises in the third quarter valued at $46,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm decreased their price target on Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Eos Energy Enterprises currently has a consensus rating of “Moderate Buy” and an average target price of $3.90.

Eos Energy Enterprises Trading Up 6.9 %

Shares of EOSE opened at $4.32 on Friday. Eos Energy Enterprises, Inc. has a twelve month low of $0.61 and a twelve month high of $4.60. The firm has a market capitalization of $941.38 million, a P/E ratio of -1.79 and a beta of 2.31. The stock’s fifty day simple moving average is $3.02 and its 200 day simple moving average is $2.32.

About Eos Energy Enterprises

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.