Eos Energy Enterprises (NASDAQ:EOSE) Lowered to Neutral Rating by Roth Mkm

Roth Mkm downgraded shares of Eos Energy Enterprises (NASDAQ:EOSE) from a buy rating to a neutral rating in a research note released on Thursday, Marketbeat Ratings reports. Roth Mkm currently has $5.00 price target on the stock, up from their previous price target of $4.00.

Eos Energy Enterprises Trading Down 1.5 %

Shares of Eos Energy Enterprises stock opened at $4.75 on Thursday. Eos Energy Enterprises has a twelve month low of $0.61 and a twelve month high of $6.64. The stock has a market capitalization of $1.04 billion, a P/E ratio of -1.97 and a beta of 2.10. The business’s fifty day moving average price is $5.17 and its 200 day moving average price is $3.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EOSE. Venture Visionary Partners LLC acquired a new position in shares of Eos Energy Enterprises during the third quarter worth about $59,000. CENTRAL TRUST Co acquired a new position in shares of Eos Energy Enterprises during the third quarter worth about $148,000. Cutter & CO Brokerage Inc. acquired a new position in shares of Eos Energy Enterprises in the third quarter worth about $256,000. PBMares Wealth Management LLC acquired a new position in shares of Eos Energy Enterprises in the third quarter worth about $166,000. Finally, James Investment Research Inc. lifted its stake in shares of Eos Energy Enterprises by 50.8% in the third quarter. James Investment Research Inc. now owns 118,339 shares of the company’s stock worth $351,000 after acquiring an additional 39,854 shares in 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.