Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Receives $6.08 Average Target Price from Analysts

Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) have earned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $6.08.

A number of research analysts have issued reports on EOSE shares. Guggenheim decreased their target price on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Evercore ISI dropped their price objective on Eos Energy Enterprises from $12.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, March 6th. Roth Capital reissued a “buy” rating on shares of Eos Energy Enterprises in a report on Monday, December 4th. Finally, Roth Mkm began coverage on Eos Energy Enterprises in a research note on Monday, December 4th. They issued a “buy” rating and a $6.00 price target for the company.

Eos Energy Enterprises Price Performance

EOSE opened at $1.03 on Friday. The business has a fifty day simple moving average of $1.04 and a 200 day simple moving average of $1.35. Eos Energy Enterprises has a 1 year low of $0.73 and a 1 year high of $5.67. The company has a market capitalization of $208.73 million, a PE ratio of -0.48 and a beta of 2.22.

Eos Energy Enterprises (NASDAQ:EOSE) last announced its earnings results on Monday, March 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.06. The business had revenue of $6.61 million during the quarter. Equities analysts anticipate that Eos Energy Enterprises will post -0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EOSE. Metropolitan Life Insurance Co NY bought a new stake in shares of Eos Energy Enterprises during the 2nd quarter valued at approximately $26,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Eos Energy Enterprises during the 2nd quarter valued at $32,000. Deutsche Bank AG increased its holdings in Eos Energy Enterprises by 15.3% in the 3rd quarter. Deutsche Bank AG now owns 55,959 shares of the company’s stock worth $120,000 after purchasing an additional 7,440 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Eos Energy Enterprises during the second quarter valued at about $39,000. Finally, Two Sigma Advisers LP grew its holdings in shares of Eos Energy Enterprises by 92.3% during the first quarter. Two Sigma Advisers LP now owns 20,000 shares of the company’s stock worth $51,000 after purchasing an additional 9,600 shares during the last quarter. Institutional investors own 54.87% of the company’s stock.

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.