Energy Transition Special Opportunities’ (NYSE:ETSS) Lock-Up Period Will End on November 11th

Energy Transition Special Opportunities’ (NYSE:ETSS) lock-up period is set to end on Wednesday, November 11th. Energy Transition Special Opportunities had issued 15,000,000 shares in its IPO on May 15th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of Energy Transition Special Opportunities in a research note on Friday, August 28th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Energy Transition Special Opportunities Stock Performance

ETSS opened at $9.93 on Friday. Energy Transition Special Opportunities has a 12 month low of $9.77 and a 12 month high of $10.00. The firm has a 50 day simple moving average of $9.94.

Institutional Trading of Energy Transition Special Opportunities

A hedge fund recently bought a new position in Energy Transition Special Opportunities stock. DMC Group LLC bought a new position in Energy Transition Special Opportunities (NYSE:ETSS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,000 shares of the company’s stock, valued at approximately $488,000. DMC Group LLC owned 0.19% of Energy Transition Special Opportunities at the end of the most recent reporting period.

About Energy Transition Special Opportunities

Energy Transition Special Opportunities Corp. (NYSE: ETSS) is a special purpose acquisition company (SPAC) formed to pursue a merger, stock purchase, asset acquisition, reorganization or similar business combination with one or more businesses.

The company has focused its acquisition strategy on opportunities related to the energy transition, including technologies, infrastructure and services that support decarbonization, renewable energy, electrification, energy efficiency and related developments.