Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,258,058 shares of the company’s stock after purchasing an additional 843,918 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 2.69% of Eos Energy Enterprises worth $4,641,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. bought a new stake in Eos Energy Enterprises in the second quarter valued at $32,000. Cambridge Investment Research Advisors Inc. bought a new stake in Eos Energy Enterprises in the first quarter valued at $34,000. Exchange Traded Concepts LLC bought a new stake in Eos Energy Enterprises in the third quarter valued at $35,000. Bayesian Capital Management LP bought a new stake in Eos Energy Enterprises in the first quarter valued at $36,000. Finally, Powell Investment Advisors LLC bought a new stake in Eos Energy Enterprises in the third quarter valued at $39,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Down 5.8 %

Shares of NASDAQ EOSE opened at $0.83 on Tuesday. Eos Energy Enterprises, Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $5.67. The firm’s 50-day simple moving average is $1.00 and its 200 day simple moving average is $1.21. The stock has a market cap of $168.58 million, a P/E ratio of -0.39 and a beta of 2.23.

Eos Energy Enterprises (NASDAQ:EOSE) last issued its quarterly earnings results on Monday, March 4th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.06. The business had revenue of $6.61 million during the quarter. On average, sell-side analysts anticipate that Eos Energy Enterprises, Inc. will post -0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EOSE. Evercore ISI cut their target price on Eos Energy Enterprises from $12.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 6th. Guggenheim cut their price objective on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.08.

Eos Energy Enterprises 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.