Vanguard Group Inc. Sells 97,450 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Vanguard Group Inc. lowered its stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 0.9% in the 4th quarter, HoldingsChannel reports. The firm owned 10,303,048 shares of the company’s stock after selling 97,450 shares during the quarter. Vanguard Group Inc.’s holdings in Eos Energy Enterprises were worth $50,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of EOSE. Parkside Financial Bank & Trust purchased a new position in Eos Energy Enterprises in the fourth quarter valued at approximately $29,000. R Squared Ltd bought a new stake in shares of Eos Energy Enterprises in the fourth quarter valued at $31,000. Walleye Capital LLC purchased a new position in shares of Eos Energy Enterprises during the 3rd quarter valued at $48,000. Carmel Capital Partners LLC bought a new position in shares of Eos Energy Enterprises during the 4th quarter worth $49,000. Finally, Lake Street Private Wealth LLC bought a new position in shares of Eos Energy Enterprises during the 4th quarter worth $51,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Trading Up 9.3 %

Shares of NASDAQ:EOSE opened at $4.23 on Friday. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $6.64. The stock has a market cap of $958.51 million, a P/E ratio of -1.76 and a beta of 2.17. The company has a 50 day moving average of $4.32 and a 200 day moving average of $4.01.

Wall Street Analyst Weigh In

Several research firms have commented on EOSE. Roth Mkm downgraded shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and upped their price objective for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Guggenheim restated a “buy” rating and set a $7.00 price target on shares of Eos Energy Enterprises in a research note on Tuesday, March 18th. Cowen reaffirmed a “hold” rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Finally, Roth Capital cut shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eos Energy Enterprises currently has an average rating of “Hold” and a consensus price target 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.