Daiwa Securities Group Inc. Grows Stock Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Daiwa Securities Group Inc. raised its position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 146.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 74,387 shares of the company’s stock after buying an additional 44,161 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Eos Energy Enterprises were worth $81,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Eos Energy Enterprises by 24.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,258,058 shares of the company’s stock valued at $4,641,000 after purchasing an additional 843,918 shares during the last quarter. Invesco Ltd. raised its position in shares of Eos Energy Enterprises by 23.6% in the 3rd quarter. Invesco Ltd. now owns 3,128,582 shares of the company’s stock valued at $6,726,000 after purchasing an additional 597,279 shares during the last quarter. Stifel Financial Corp raised its position in shares of Eos Energy Enterprises by 503.7% in the 3rd quarter. Stifel Financial Corp now owns 930,205 shares of the company’s stock valued at $2,000,000 after purchasing an additional 776,110 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of Eos Energy Enterprises in the 3rd quarter valued at approximately $1,109,000. Finally, Doheny Asset Management CA raised its position in shares of Eos Energy Enterprises by 110.9% in the 3rd quarter. Doheny Asset Management CA now owns 364,750 shares of the company’s stock valued at $784,000 after purchasing an additional 191,800 shares during the last quarter. 54.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on EOSE shares. Guggenheim decreased their price objective on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Evercore ISI decreased their price objective on shares of 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. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $6.08.

Eos Energy Enterprises Trading Up 7.7 %

Shares of NASDAQ:EOSE opened at $0.81 on Friday. Eos Energy Enterprises, Inc. has a twelve month low of $0.70 and a twelve month high of $5.67. The company’s 50 day moving average is $0.95 and its 200 day moving average is $1.14. The company has a market cap of $163.30 million, a PE ratio of -0.37 and a beta of 2.23.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings results on Monday, March 4th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.06. The business had revenue of $6.61 million during the quarter. Equities research analysts predict that Eos Energy Enterprises, Inc. will post -0.77 earnings per share for the current fiscal year.

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.