Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Stock Holdings Cut by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 19.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 54,400 shares of the company’s stock after selling 13,000 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Eos Energy Enterprises were worth $162,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Millennium Management LLC boosted its stake in shares of Eos Energy Enterprises by 5,744.5% during the 2nd quarter. Millennium Management LLC now owns 3,164,017 shares of the company’s stock worth $4,018,000 after acquiring an additional 3,109,880 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Eos Energy Enterprises in the 2nd quarter valued at $216,000. Tidal Investments LLC acquired a new position in shares of Eos Energy Enterprises in the 3rd quarter valued at $993,000. NewEdge Advisors LLC increased its stake in Eos Energy Enterprises by 30.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company’s stock worth $3,288,000 after purchasing an additional 600,143 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in Eos Energy Enterprises by 40.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 70,000 shares of the company’s stock worth $89,000 after buying an additional 20,000 shares during the period. Institutional investors own 54.87% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm dropped their target price on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $3.90.

Eos Energy Enterprises Price Performance

EOSE opened at $4.57 on Monday. The company has a market capitalization of $995.86 million, a PE ratio of -1.90 and a beta of 2.31. The business has a 50-day moving average of $3.05 and a 200-day moving average of $2.36. Eos Energy Enterprises, Inc. has a fifty-two week low of $0.61 and a fifty-two week high of $4.68.

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.