Landscape Capital Management L.L.C. Buys Shares of 51,731 Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Landscape Capital Management L.L.C. purchased a new position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 51,731 shares of the company’s stock, valued at approximately $251,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EOSE. FMR LLC increased its holdings in Eos Energy Enterprises by 67.8% in the third quarter. FMR LLC now owns 58,651 shares of the company’s stock valued at $174,000 after purchasing an additional 23,706 shares during the period. Walleye Capital LLC acquired a new stake in shares of Eos Energy Enterprises in the third quarter valued at about $48,000. State Street Corp raised its position 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 acquiring an additional 75,657 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Eos Energy Enterprises by 18.0% in the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock worth $7,335,000 after acquiring an additional 376,494 shares during the period. Finally, Virtu Financial LLC bought a new stake in Eos Energy Enterprises in the third quarter valued at approximately $206,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EOSE. Cowen restated a “hold” rating on shares of Eos Energy Enterprises in a research report on Friday, March 7th. Roth Mkm lowered shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and boosted their target price for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Guggenheim reiterated a “buy” rating and set a $7.00 price target on shares of Eos Energy Enterprises in a report on Tuesday, March 18th. Finally, Roth Capital downgraded Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Eos Energy Enterprises presently has a consensus rating of “Hold” and a consensus target price of $4.70.

Eos Energy Enterprises Price Performance

Shares of EOSE opened at $3.30 on Wednesday. Eos Energy Enterprises, Inc. has a one year low of $0.61 and a one year high of $6.64. The company has a market cap of $747.78 million, a PE ratio of -1.37 and a beta of 2.17. The stock has a 50-day moving average of $4.47 and a 200-day moving average of $3.98.

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.