278,163 Shares in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Acquired by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 278,163 shares of the company’s stock, valued at approximately $1,207,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned approximately 0.24% of Eos Energy Enterprises as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Wiley BROS. Aintree Capital LLC bought a new stake in Eos Energy Enterprises in the second quarter valued at approximately $92,000. Doheny Asset Management CA acquired a new position in shares of Eos Energy Enterprises in the second quarter valued at approximately $751,000. Meredith Wealth Planning acquired a new position in shares of Eos Energy Enterprises in the second quarter valued at approximately $117,000. Victory Capital Management Inc. acquired a new position in shares of Eos Energy Enterprises in the second quarter valued at approximately $52,000. Finally, DnB Asset Management AS acquired a new position in shares of Eos Energy Enterprises in the second quarter valued at approximately $390,000. Institutional investors own 65.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Guggenheim upgraded shares of Eos Energy Enterprises from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a report on Friday, September 1st. Seaport Res Ptn restated a “buy” rating on shares of Eos Energy Enterprises in a report on Friday, July 28th. Evercore ISI increased their target price on shares of Eos Energy Enterprises from $4.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. B. Riley reduced their target price on shares of Eos Energy Enterprises from $5.00 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. Finally, Stifel Nicolaus increased their target price on shares of Eos Energy Enterprises from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $9.30.

Eos Energy Enterprises Price Performance

Shares of EOSE stock opened at $1.17 on Monday. The stock has a market cap of $156.77 million, a P/E ratio of -0.44 and a beta of 2.80. The company has a fifty day moving average price of $1.90 and a two-hundred day moving average price of $2.62. Eos Energy Enterprises, Inc. has a one year low of $0.96 and a one year high of $5.67.

Insider Buying and Selling at Eos Energy Enterprises

In other news, Director Claude Demby sold 20,143 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $2.78, for a total value of $55,997.54. Following the transaction, the director now directly owns 62,012 shares of the company’s stock, valued at $172,393.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Eos Energy Enterprises news, CEO Joe Mastrangelo purchased 36,500 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were acquired at an average cost of $2.05 per share, with a total value of $74,825.00. Following the completion of the transaction, the chief executive officer now owns 590,799 shares in the company, valued at $1,211,137.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Claude Demby sold 20,143 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $2.78, for a total transaction of $55,997.54. Following the transaction, the director now directly owns 62,012 shares in the company, valued at $172,393.36. The disclosure for this sale can be found here. Corporate insiders own 7.09% of the company’s stock.

Eos Energy Enterprises Company Profile

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility, commercial and industrial, and microgrid markets in the United States. The company's flagship product is the Eos Znyth DC system, a battery that can be used as an alternative to Li-ion batteries.