Eos Energy Enterprises (NASDAQ:EOSEW) Shares Down 35.2% – What’s Next?

Eos Energy Enterprises, Inc. (NASDAQ:EOSEWGet Free Report)’s share price dropped 35.2% on Wednesday . The company traded as low as $1.20 and last traded at $1.4650. Approximately 225,128 shares traded hands during mid-day trading, an increase of 55% from the average daily volume of 145,131 shares. The stock had previously closed at $2.26.

Eos Energy Enterprises Stock Down 35.2%

The company has a fifty day moving average of $3.10 and a 200-day moving average of $1.52.

Eos Energy Enterprises (NASDAQ:EOSEWGet Free Report) last announced its earnings results on Tuesday, November 5th. The company reported ($0.44) EPS for the quarter. The business had revenue of $0.85 million during the quarter.

Institutional Investors Weigh In On Eos Energy Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zazove Associates LLC acquired a new stake in shares of Eos Energy Enterprises in the third quarter valued at about $30,000. Wolverine Asset Management LLC lifted its stake in shares of Eos Energy Enterprises by 264.2% in the third quarter. Wolverine Asset Management LLC now owns 31,523 shares of the company’s stock worth $56,000 after buying an additional 22,867 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Eos Energy Enterprises during the third quarter worth about $96,000. LMR Partners LLP purchased a new stake in Eos Energy Enterprises during the 2nd quarter valued at about $51,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Eos Energy Enterprises during the 3rd quarter valued at about $281,000.

Eos Energy Enterprises Company Profile

(Get Free Report)

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.

Further Reading

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