Mitsubishi UFJ Asset Management Co. Ltd. Buys New Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 182,865 shares of the company’s stock, valued at approximately $889,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of Eos Energy Enterprises as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC raised its position in Eos Energy Enterprises by 67.8% during the third quarter. FMR LLC now owns 58,651 shares of the company’s stock worth $174,000 after acquiring an additional 23,706 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Eos Energy Enterprises in the 3rd quarter valued at about $48,000. State Street Corp grew its holdings in Eos Energy Enterprises by 9.5% during the third quarter. State Street Corp now owns 875,439 shares of the company’s stock worth $2,600,000 after purchasing an additional 75,657 shares during the period. Geode Capital Management LLC increased its position in Eos Energy Enterprises by 18.0% during the third quarter. Geode Capital Management LLC now owns 2,468,648 shares of the company’s stock worth $7,335,000 after buying an additional 376,494 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Eos Energy Enterprises in the third quarter valued at approximately $206,000. 54.87% of the stock is owned by institutional investors.

Eos Energy Enterprises Stock Down 0.5 %

Shares of Eos Energy Enterprises stock opened at $3.99 on Thursday. The stock has a market capitalization of $904.13 million, a price-to-earnings ratio of -1.66 and a beta of 2.15. Eos Energy Enterprises, Inc. has a twelve month low of $0.61 and a twelve month high of $6.64. The company has a 50-day simple moving average of $4.70 and a two-hundred day simple moving average of $3.94.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Guggenheim reiterated a “buy” rating and set a $7.00 target price on shares of Eos Energy Enterprises in a research note on Tuesday, March 18th. Roth Capital cut shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Roth Mkm lowered shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and increased their price objective for the company from $4.00 to $5.00 in a research report on Thursday, February 20th. Finally, Cowen reiterated a “hold” rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.70.

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.