Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Stake Boosted by Marshall Wace LLP

Marshall Wace LLP raised its position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 154.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 893,818 shares of the company’s stock after buying an additional 542,718 shares during the quarter. Marshall Wace LLP owned 0.41% of Eos Energy Enterprises worth $4,344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. WESPAC Advisors LLC lifted its position in shares of Eos Energy Enterprises by 16.6% in the 4th quarter. WESPAC Advisors LLC now owns 12,647 shares of the company’s stock valued at $61,000 after acquiring an additional 1,798 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Eos Energy Enterprises by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 62,075 shares of the company’s stock valued at $302,000 after purchasing an additional 2,175 shares in the last quarter. Montag A & Associates Inc. boosted its position in shares of Eos Energy Enterprises by 21.0% in the fourth quarter. Montag A & Associates Inc. now owns 13,809 shares of the company’s stock worth $67,000 after buying an additional 2,400 shares during the period. Parkside Financial Bank & Trust purchased a new position in shares of Eos Energy Enterprises during the fourth quarter valued at $29,000. Finally, R Squared Ltd acquired a new position in Eos Energy Enterprises during the fourth quarter valued at $31,000. 54.87% of the stock is currently owned by institutional investors and hedge funds.

Eos Energy Enterprises Stock Up 0.4 %

Shares of EOSE opened at $4.88 on Friday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -2.02 and a beta of 2.17. The company’s fifty day moving average is $4.25 and its 200-day moving average is $4.11. Eos Energy Enterprises, Inc. has a 12 month low of $0.61 and a 12 month high of $6.64.

Wall Street Analyst Weigh In

A number of brokerages have commented on EOSE. Roth Capital lowered Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Cowen restated a “hold” rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Roth Mkm lowered 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 research note on Thursday, February 20th. Finally, Guggenheim reissued a “buy” rating and set a $7.00 target price on shares of Eos Energy Enterprises in a research note on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Eos Energy Enterprises 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.