Roth Mkm Cuts Eos Energy Enterprises (NASDAQ:EOSE) Price Target to $4.50

Eos Energy Enterprises (NASDAQ:EOSE) had its target price decreased by research analysts at Roth Mkm from $6.00 to $4.50 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price target points to a potential upside of 492.57% from the company’s current price.

A number of other research firms also recently commented on EOSE. Guggenheim cut their price objective on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Stifel Nicolaus restated a “buy” rating and set a $13.00 price target on shares of Eos Energy Enterprises in a report on Wednesday. Finally, Evercore ISI cut their price target on shares of Eos Energy Enterprises from $12.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $5.50.

Eos Energy Enterprises Trading Up 5.1 %

Shares of Eos Energy Enterprises stock opened at $0.76 on Thursday. The firm has a market capitalization of $153.89 million, a PE ratio of -0.34 and a beta of 2.29. Eos Energy Enterprises has a twelve month low of $0.61 and a twelve month high of $5.67. The firm’s 50-day moving average price is $0.88 and its 200 day moving average price is $1.04.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings results on Monday, March 4th. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.06. The company had revenue of $6.61 million during the quarter. On average, sell-side analysts predict that Eos Energy Enterprises will post -0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Eos Energy Enterprises

Institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. lifted its position in shares of Eos Energy Enterprises by 880.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 275,765 shares of the company’s stock worth $593,000 after purchasing an additional 247,650 shares during the last quarter. Invesco Ltd. lifted its position in shares of Eos Energy Enterprises by 23.6% during the 3rd quarter. Invesco Ltd. now owns 3,128,582 shares of the company’s stock worth $6,726,000 after purchasing an additional 597,279 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Eos Energy Enterprises by 24.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,258,058 shares of the company’s stock worth $4,641,000 after purchasing an additional 843,918 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Eos Energy Enterprises by 1,192.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 298,265 shares of the company’s stock worth $641,000 after acquiring an additional 275,190 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Eos Energy Enterprises by 503.7% during the 3rd quarter. Stifel Financial Corp now owns 930,205 shares of the company’s stock worth $2,000,000 after acquiring an additional 776,110 shares in the last quarter. 54.87% of the stock is owned by hedge funds and other institutional investors.

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.