Citigroup Inc. Acquires 3,979 Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) – Dakota Financial News
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Eos Energy Enterprises by 63.4% during the second quarter. Royal Bank of Canada now owns 2,618 shares of the company’s stock worth $48,000 after purchasing an additional 1,016 shares during the last quarter. LPL Financial LLC lifted its stake in Eos Energy Enterprises by 17.3% during the second quarter. LPL Financial LLC now owns 13,729 shares of the company’s stock worth $247,000 after purchasing an additional 2,020 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Eos Energy Enterprises during the second quarter worth $39,000. Wells Fargo & Company MN lifted its stake in shares of Eos Energy Enterprises by 33.8% in the 2nd quarter. Wells Fargo & Company MN now owns 12,269 shares of the company’s stock valued at $220,000 after acquiring an additional 3,097 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Eos Energy Enterprises by 8.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 41,041 shares of the company’s stock valued at $737,000 after acquiring an additional 3,154 shares during the last quarter. Hedge funds and other institutional investors own 59.44% of the company’s stock.
A number of brokerages have recently commented on EOSE. Benchmark began coverage on Eos Energy Enterprises in a research note on Thursday, November 11th. They issued a “hold” rating for the company. Evercore ISI began coverage on Eos Energy Enterprises in a research note on Monday, November 22nd. They issued an “outperform” rating and a $21.00 price target for the company. Finally, Zacks Investment Research upgraded Eos Energy Enterprises from a “sell” rating to a “hold” rating in a research note on Monday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $22.40.
Shares of NASDAQ:EOSE opened at $2.95 on Wednesday. The firm has a market cap of $158.41 million, a P/E ratio of -0.33 and a beta of 1.03. The company has a quick ratio of 7.86, a current ratio of 8.10 and a debt-to-equity ratio of 1.83. Eos Energy Enterprises, Inc. has a 12-month low of $2.90 and a 12-month high of $23.17. The business has a fifty day simple moving average of $5.48 and a 200 day simple moving average of $9.58.
About Eos Energy Enterprises
Eos Energy Enterprises, Inc designs, manufactures, and deploys battery storage solutions for utility, commercial and industrial, and renewable energy markets in the United States. The company offers stationary battery storage solutions. Its flagship product is the Eos Znyth DC battery system designed to meet the requirements of the grid-scale energy storage market.
Recommended Stories
- Get a free copy of the StockNews.com research report on Eos Energy Enterprises (EOSE)
- It’s Time To Shut The Door On Masonite International
- Pfizer Stock is Ready to be Added to Your Portfolio
- The Purely Technical Reason Oil Will Hit $122
- 4 Best 5G Stocks to Invest in
- Institutions Shed Macy’s … Too Soon
Want to see what other hedge funds are holding EOSE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eos Energy Enterprises, Inc. (NASDAQ:EOSE).
Receive News & Ratings for Eos Energy Enterprises Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Eos Energy Enterprises and related companies with MarketBeat.com’s FREE daily email newsletter.
Original Source