FourThought Financial Partners LLC Purchases Shares of 274,617 Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

FourThought Financial Partners LLC purchased a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the 4th quarter, Holdings Channel reports. The firm purchased 274,617 shares of the company’s stock, valued at approximately $1,335,000.

A number of other large investors also recently modified their holdings of EOSE. Geode Capital Management LLC grew its position in shares of Eos Energy Enterprises by 18.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock valued at $7,335,000 after buying an additional 376,494 shares during the last quarter. Tidal Investments LLC purchased a new stake in Eos Energy Enterprises during the 3rd quarter valued at approximately $993,000. State Street Corp raised its stake in shares of Eos Energy Enterprises by 9.5% during the third quarter. State Street Corp now owns 875,439 shares of the company’s stock worth $2,600,000 after purchasing an additional 75,657 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Eos Energy Enterprises during the fourth quarter worth approximately $146,000. Finally, Stephens Inc. AR acquired a new stake in shares of Eos Energy Enterprises during the fourth quarter worth $64,000. 54.87% of the stock is owned by hedge funds and other institutional investors.

Eos Energy Enterprises Price Performance

Shares of EOSE stock opened at $4.26 on Tuesday. The company’s fifty day moving average price is $5.19 and its two-hundred day moving average price is $3.59. The firm has a market capitalization of $928.30 million, a P/E ratio of -1.77 and a beta of 2.10. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $6.64.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Roth Capital cut shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Roth Mkm cut shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and upped their price target for the stock from $4.00 to $5.00 in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Eos Energy Enterprises presently has a consensus rating of “Hold” and a consensus price target of $4.10.

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.