Energy Transition Special Opportunities’ Lock-Up Period Set To End Tomorrow (NYSE:ETSS)

Energy Transition Special Opportunities’ (NYSE:ETSS) lock-up period is set to expire on Wednesday, November 11th. Energy Transition Special Opportunities had issued 15,000,000 shares in its initial public offering on May 15th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on shares of Energy Transition Special Opportunities in a research note on Friday, August 28th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.

Energy Transition Special Opportunities Stock Performance

ETSS stock opened at $9.97 on Tuesday. Energy Transition Special Opportunities has a 1 year low of $9.77 and a 1 year high of $10.00. The company has a 50 day moving average of $9.94.

Institutional Trading of Energy Transition Special Opportunities

A hedge fund recently bought a new stake in Energy Transition Special Opportunities stock. DMC Group LLC acquired a new stake in shares of Energy Transition Special Opportunities (NYSE:ETSS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,000 shares of the company’s stock, valued at approximately $488,000. DMC Group LLC owned about 0.19% of Energy Transition Special Opportunities as of its most recent SEC filing.

Energy Transition Special Opportunities Company Profile

Energy Transition Special Opportunities Corp. (NYSE: ETSS) is a special purpose acquisition company (SPAC) formed to pursue a merger, stock purchase, asset acquisition, reorganization or similar business combination with one or more businesses.

The company has focused its acquisition strategy on opportunities related to the energy transition, including technologies, infrastructure and services that support decarbonization, renewable energy, electrification, energy efficiency and related developments.