Ergoteles LLC trimmed its position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE – Get Rating) by 78.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 47,532 shares of the company’s stock after selling 172,268 shares during the quarter. Ergoteles LLC owned about 0.06% of Eos Energy Enterprises worth $79,000 at the end of the most recent reporting period.
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Several other institutional investors also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in Eos Energy Enterprises by 44.8% during the 1st quarter. Invesco Ltd. now owns 3,997,289 shares of the company’s stock valued at $16,709,000 after acquiring an additional 1,236,740 shares during the period. Renaissance Technologies LLC lifted its stake in Eos Energy Enterprises by 475.8% during the 2nd quarter. Renaissance Technologies LLC now owns 834,883 shares of the company’s stock valued at $1,010,000 after acquiring an additional 689,883 shares during the period. JPMorgan Chase & Co. lifted its stake in Eos Energy Enterprises by 3,665.1% during the 1st quarter. JPMorgan Chase & Co. now owns 624,856 shares of the company’s stock valued at $2,612,000 after acquiring an additional 608,260 shares during the period. First Trust Advisors LP bought a new position in Eos Energy Enterprises during the 1st quarter valued at about $1,577,000. Finally, Gruss & Co. LLC bought a new position in Eos Energy Enterprises during the 3rd quarter valued at about $334,000. 28.96% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently weighed in on EOSE shares. Evercore ISI lowered their price objective on shares of Eos Energy Enterprises to $4.00 in a research note on Tuesday, November 15th. Stifel Nicolaus started coverage on shares of Eos Energy Enterprises in a research note on Friday, December 2nd. They issued a “buy” rating and a $11.00 price objective on the stock. Finally, B. Riley lowered their price objective on shares of Eos Energy Enterprises from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd.
Eos Energy Enterprises Stock Down 9.3 %
Shares of NASDAQ:EOSE opened at $1.86 on Thursday. Eos Energy Enterprises, Inc. has a twelve month low of $0.95 and a twelve month high of $4.97. The stock has a market capitalization of $153.61 million, a PE ratio of -0.51 and a beta of 2.41. The firm’s 50 day moving average price is $1.58 and its 200-day moving average price is $1.55.
About Eos Energy Enterprises
Eos Energy Enterprises, Inc designs, manufactures, and deploys battery storage solutions for utility, commercial and industrial, and renewable energy markets in the United States. It offers stationary battery storage solutions. The company’s flagship product is the Eos Znyth DC battery system designed to meet the requirements of the grid-scale energy storage market.
Further Reading
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