Eos Energy Enterprises (NASDAQ:EOSE) Price Target Cut to $2.50 by Analysts at TD Cowen

Eos Energy Enterprises (NASDAQ:EOSEFree Report) had its target price cut by TD Cowen from $3.00 to $2.50 in a research note released on Thursday, Benzinga reports. They currently have a hold rating on the stock.

EOSE has been the topic of several other reports. Stifel Nicolaus reissued a buy rating and set a $13.00 price objective on shares of Eos Energy Enterprises in a report on Wednesday, May 15th. Evercore ISI dropped their price objective on Eos Energy Enterprises from $12.00 to $7.00 and set an outperform rating on the stock in a research report on Wednesday, March 6th. Roth Mkm lowered their price target on shares of Eos Energy Enterprises from $6.00 to $4.50 and set a buy rating on the stock in a report on Thursday. Finally, Guggenheim reduced 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 research note on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $4.83.

Read Our Latest Stock Report on Eos Energy Enterprises

Eos Energy Enterprises Stock Up 1.1 %

Shares of NASDAQ EOSE opened at $0.71 on Thursday. Eos Energy Enterprises has a twelve month low of $0.61 and a twelve month high of $5.67. The firm has a market cap of $144.63 million, a PE ratio of -0.46 and a beta of 2.29. The business has a fifty day simple moving average of $0.86 and a two-hundred day simple moving average of $1.03.

Eos Energy Enterprises (NASDAQ:EOSEGet Free Report) last released its quarterly earnings data on Monday, March 4th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.06. The business had revenue of $6.61 million during the quarter. On average, research analysts expect that Eos Energy Enterprises will post -0.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Eos Energy Enterprises by 3.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 287,779 shares of the company’s stock valued at $619,000 after buying an additional 9,616 shares during the last quarter. Jump Financial LLC purchased a new stake in Eos Energy Enterprises during the 3rd quarter valued at about $573,000. Doheny Asset Management CA increased its holdings in shares of Eos Energy Enterprises by 110.9% in the third quarter. Doheny Asset Management CA now owns 364,750 shares of the company’s stock valued at $784,000 after purchasing an additional 191,800 shares during the period. Kestra Advisory Services LLC raised its stake in shares of Eos Energy Enterprises by 1,192.6% in the third quarter. Kestra Advisory Services LLC now owns 298,265 shares of the company’s stock worth $641,000 after purchasing an additional 275,190 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Eos Energy Enterprises by 23.6% during the third 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 period. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Company Profile

(Get Free Report)

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.

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