Eos Energy Enterprises (NASDAQ:EOSE) Rating Increased to Hold at B. Riley

B. Riley upgraded shares of Eos Energy Enterprises (NASDAQ:EOSE) to a hold rating in a research report released on Tuesday, Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Evercore ISI reduced their price target on Eos Energy Enterprises from $7.00 to $3.00 and set an outperform rating for the company in a report on Thursday, May 16th. Guggenheim dropped 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. TD Cowen reduced their price objective on shares of Eos Energy Enterprises from $3.00 to $2.50 and set a hold rating for the company in a research report on Thursday, May 16th. Stifel Nicolaus reiterated a buy rating and issued a $13.00 price objective on shares of Eos Energy Enterprises in a report on Wednesday, May 15th. Finally, Roth Mkm cut their target price on shares of Eos Energy Enterprises from $6.00 to $4.50 and set a buy rating for the company in a research note on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Eos Energy Enterprises has a consensus rating of Moderate Buy and an average price target of $4.83.

Eos Energy Enterprises Trading Down 6.6 %

EOSE stock opened at $1.27 on Tuesday. The firm has a market cap of $264.33 million, a PE ratio of -0.81 and a beta of 2.24. The business’s 50-day moving average price is $0.80 and its two-hundred day moving average price is $0.95. Eos Energy Enterprises has a 1-year low of $0.61 and a 1-year high of $5.67.

Eos Energy Enterprises (NASDAQ:EOSE) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.01. The firm had revenue of $6.60 million during the quarter, compared to analyst estimates of $6.57 million. On average, analysts forecast that Eos Energy Enterprises will post -0.7 earnings per share 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 the business. B. Riley Wealth Advisors Inc. grew its position in Eos Energy Enterprises by 940.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 275,765 shares of the company’s stock worth $284,000 after purchasing an additional 249,265 shares in the last quarter. Black Maple Capital Management LP boosted its stake in shares of Eos Energy Enterprises by 19.8% in the 1st quarter. Black Maple Capital Management LP now owns 181,248 shares of the company’s stock worth $187,000 after buying an additional 30,000 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Eos Energy Enterprises by 74.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock valued at $46,000 after acquiring an additional 18,735 shares in the last quarter. PEAK6 Investments LLC purchased a new stake in shares of Eos Energy Enterprises during the first quarter valued at approximately $103,000. Finally, American International Group Inc. increased its position in shares of Eos Energy Enterprises by 41.2% during the first quarter. American International Group Inc. now owns 75,555 shares of the company’s stock valued at $78,000 after acquiring an additional 22,056 shares during the last quarter. Institutional investors and hedge funds 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.