Eos Energy Enterprises Sees Unusually High Options Volume (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSEGet Free Report) was the target of unusually large options trading on Tuesday. Stock investors bought 34,343 call options on the stock. This represents an increase of approximately 431% compared to the average daily volume of 6,471 call options.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EOSE. Price T Rowe Associates Inc. MD grew its holdings in shares of Eos Energy Enterprises by 74.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company’s stock valued at $46,000 after purchasing an additional 18,735 shares during the last quarter. American International Group Inc. boosted its position in Eos Energy Enterprises by 41.2% during the first quarter. American International Group Inc. now owns 75,555 shares of the company’s stock valued at $78,000 after buying an additional 22,056 shares during the period. Powell Investment Advisors LLC grew its stake in shares of Eos Energy Enterprises by 52.2% during the first quarter. Powell Investment Advisors LLC now owns 70,000 shares of the company’s stock valued at $72,000 after buying an additional 24,000 shares during the last quarter. Black Maple Capital Management LP increased its holdings in shares of Eos Energy Enterprises by 19.8% in the first quarter. Black Maple Capital Management LP now owns 181,248 shares of the company’s stock worth $187,000 after buying an additional 30,000 shares during the period. Finally, Elevatus Welath Management lifted its stake in shares of Eos Energy Enterprises by 50.0% in the 1st quarter. Elevatus Welath Management now owns 96,267 shares of the company’s stock valued at $99,000 after acquiring an additional 32,090 shares during the last quarter. 54.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EOSE shares. B. Riley upgraded Eos Energy Enterprises to a “hold” rating in a research report on Tuesday, June 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price target on shares of Eos Energy Enterprises in a report on Wednesday, May 15th. Evercore ISI dropped their price objective on Eos Energy Enterprises from $7.00 to $3.00 and set an “outperform” rating for the company in a research note on Thursday, May 16th. Roth Mkm restated a “buy” rating and set a $4.50 target price on shares of Eos Energy Enterprises in a research report on Friday, June 28th. Finally, TD Cowen dropped their price target on Eos Energy Enterprises from $3.00 to $2.50 and set a “hold” rating for the company in a research report on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Eos Energy Enterprises presently has a consensus rating of “Moderate Buy” and an average target price of $4.83.

Get Our Latest Stock Report on Eos Energy Enterprises

Eos Energy Enterprises Stock Down 1.0 %

EOSE opened at $1.92 on Wednesday. The business’s fifty day simple moving average is $0.94 and its 200 day simple moving average is $0.97. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $5.05. The stock has a market cap of $399.61 million, a PE ratio of -1.23 and a beta of 2.38.

Eos Energy Enterprises (NASDAQ:EOSEGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.01. The firm had revenue of $6.60 million for the quarter, compared to the consensus estimate of $6.57 million. As a group, equities analysts anticipate that Eos Energy Enterprises will post -0.7 earnings per share for the current year.

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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