Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Shares Acquired by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. lifted its stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 37.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,110 shares of the company’s stock after acquiring an additional 31,870 shares during the quarter. Cutter & CO Brokerage Inc. owned about 0.05% of Eos Energy Enterprises worth $574,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EOSE. Hollencrest Capital Management increased its stake in shares of Eos Energy Enterprises by 1,000.0% during the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock valued at $25,000 after acquiring an additional 7,500 shares during the period. R Squared Ltd acquired a new position in Eos Energy Enterprises in the fourth quarter worth approximately $31,000. WESPAC Advisors LLC acquired a new position in Eos Energy Enterprises in the 3rd quarter worth approximately $32,000. Focused Wealth Management Inc acquired a new position in Eos Energy Enterprises in the 3rd quarter worth approximately $46,000. Finally, Walleye Capital LLC acquired a new position in Eos Energy Enterprises in the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Down 4.0 %

Shares of NASDAQ:EOSE opened at $4.09 on Wednesday. The firm has a fifty day moving average of $5.20 and a two-hundred day moving average of $3.61. The firm has a market capitalization of $891.26 million, a P/E ratio of -1.70 and a beta of 2.10. Eos Energy Enterprises, Inc. has a 12-month low of $0.61 and a 12-month high of $6.64.

Wall Street Analyst Weigh In

EOSE has been the subject of a number of recent analyst reports. Roth Mkm lowered shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $4.00 to $5.00 in a research note on Thursday, February 20th. Roth Capital lowered shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.10.

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.