Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE – Get Free Report) have been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $4.70.
A number of brokerages have commented on EOSE. Roth Capital downgraded shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Roth Mkm downgraded Eos Energy Enterprises from a “buy” rating to a “neutral” rating and lifted their target price for the company from $4.00 to $5.00 in a research report on Thursday, February 20th. Cowen reiterated a “hold” rating on shares of Eos Energy Enterprises in a research note on Friday, March 7th. Finally, Guggenheim reiterated a “buy” rating and issued a $7.00 price target on shares of Eos Energy Enterprises in a research note on Tuesday, March 18th.
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Eos Energy Enterprises Price Performance
Shares of NASDAQ:EOSE opened at $6.03 on Tuesday. The firm has a market capitalization of $1.37 billion, a P/E ratio of -2.50 and a beta of 2.11. Eos Energy Enterprises has a 1 year low of $0.62 and a 1 year high of $6.89. The business’s 50-day moving average is $4.46 and its 200 day moving average is $4.27.
Eos Energy Enterprises (NASDAQ:EOSE – Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.01). The company had revenue of $10.46 million during the quarter, compared to the consensus estimate of $11.77 million. On average, analysts expect that Eos Energy Enterprises will post -2.54 EPS for the current year.
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.
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