Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $6.08.
Several analysts recently commented on the company. Guggenheim decreased their price target on Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Evercore ISI cut their price objective on Eos Energy Enterprises from $12.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday, March 6th.
Check Out Our Latest Stock Report on Eos Energy Enterprises
Eos Energy Enterprises Trading Down 3.9 %
Eos Energy Enterprises (NASDAQ:EOSE – Get Free Report) last announced its quarterly earnings results on Monday, March 4th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.06. The company had revenue of $6.61 million during the quarter. On average, sell-side analysts predict that Eos Energy Enterprises will post -0.63 EPS for the current year.
Institutional Investors Weigh In On Eos Energy Enterprises
A number of institutional investors and hedge funds have recently made changes to their positions in EOSE. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Eos Energy Enterprises during the fourth quarter worth $29,000. Itau Unibanco Holding S.A. bought a new stake in shares of Eos Energy Enterprises during the second quarter worth $32,000. Exchange Traded Concepts LLC bought a new stake in shares of Eos Energy Enterprises during the third quarter worth $35,000. Bayesian Capital Management LP bought a new stake in shares of Eos Energy Enterprises during the first quarter worth $36,000. Finally, Powell Investment Advisors LLC bought a new stake in shares of Eos Energy Enterprises during the third quarter worth $39,000. Institutional investors 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.
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