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

Energy Transition Special Opportunities’ (NYSE:ETSS) lock-up period will expire on Wednesday, November 11th. Energy Transition Special Opportunities had issued 15,000,000 shares in its public offering 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 Energy Transition Special Opportunities’ lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on shares of Energy Transition Special Opportunities in a research report on Friday, August 28th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.

Energy Transition Special Opportunities Trading Up 0.1%

Shares of Energy Transition Special Opportunities stock opened at $9.93 on Friday. The stock’s fifty day moving average is $9.94. Energy Transition Special Opportunities has a 12-month low of $9.77 and a 12-month high of $10.00.

Hedge Funds Weigh In On Energy Transition Special Opportunities

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

Energy Transition Special Opportunities Company Profile

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.