Eos Energy Enterprises (NASDAQ:EOSE) Price Target Raised to $12.00 at B. Riley

Eos Energy Enterprises (NASDAQ:EOSE) had its price target lifted by B. Riley from $8.00 to $12.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also issued reports on the company. Roth Capital set a $12.00 target price on Eos Energy Enterprises and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. TD Cowen upped their price objective on Eos Energy Enterprises from $5.50 to $6.00 and gave the company a “hold” rating in a research report on Friday, August 1st. Wall Street Zen lowered Eos Energy Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Eos Energy Enterprises in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus upped their target price on shares of Eos Energy Enterprises from $10.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.93.

Eos Energy Enterprises Price Performance

EOSE stock opened at $18.52 on Tuesday. The company’s 50 day simple moving average is $12.70 and its 200-day simple moving average is $8.07. The firm has a market capitalization of $4.81 billion, a PE ratio of -2.22 and a beta of 2.32. Eos Energy Enterprises has a 12 month low of $2.06 and a 12 month high of $19.86.

Insider Buying and Selling at Eos Energy Enterprises

In other news, Director Marian Walters sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $7.90, for a total value of $395,000.00. Following the transaction, the director directly owned 133,794 shares in the company, valued at $1,056,972.60. This trade represents a 27.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Sumeet Puri sold 40,501 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $7.11, for a total transaction of $287,962.11. Following the completion of the transaction, the chief accounting officer owned 164,290 shares in the company, valued at $1,168,101.90. The trade was a 19.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Chung Wu Investment Group LLC bought a new position in shares of Eos Energy Enterprises during the third quarter valued at approximately $30,000. SBI Securities Co. Ltd. grew its stake in Eos Energy Enterprises by 588.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company’s stock worth $38,000 after buying an additional 8,602 shares during the last quarter. Farther Finance Advisors LLC increased its position in Eos Energy Enterprises by 33.0% in the third quarter. Farther Finance Advisors LLC now owns 3,325 shares of the company’s stock worth $38,000 after buying an additional 825 shares during the period. Elevatus Welath Management bought a new stake in Eos Energy Enterprises in the first quarter valued at $39,000. Finally, Amalgamated Bank bought a new stake in Eos Energy Enterprises in the second quarter valued at $39,000. 54.87% of the stock is currently owned by institutional investors.

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.