Souders Financial Advisors Sells 60,095 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Souders Financial Advisors reduced its stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 32.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 126,507 shares of the company’s stock after selling 60,095 shares during the quarter. Souders Financial Advisors’ holdings in Eos Energy Enterprises were worth $615,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake 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 worth $7,335,000 after buying an additional 376,494 shares during the last quarter. Brightline Capital Management LLC purchased a new stake in shares of Eos Energy Enterprises in the 3rd quarter worth approximately $4,871,000. State Street Corp grew its stake in shares of Eos Energy Enterprises by 9.5% in the 3rd quarter. State Street Corp now owns 875,439 shares of the company’s stock worth $2,600,000 after buying an additional 75,657 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Eos Energy Enterprises in the 3rd quarter worth approximately $993,000. Finally, FourThought Financial Partners LLC purchased a new stake in Eos Energy Enterprises during the 4th quarter valued at $1,335,000. 54.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Roth Mkm downgraded Eos Energy Enterprises from a “buy” rating to a “neutral” rating and increased their target price for the company from $4.00 to $5.00 in a research note on Thursday, February 20th. Roth Capital downgraded Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Eos Energy Enterprises presently has an average rating of “Hold” and a consensus price target of $4.10.

Eos Energy Enterprises Price Performance

NASDAQ EOSE opened at $4.97 on Thursday. The business’s fifty day moving average price is $5.18 and its 200-day moving average price is $3.70. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -2.06 and a beta of 2.15. Eos Energy Enterprises, Inc. has a 1-year low of $0.61 and a 1-year high of $6.64.

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.