Eos Energy Enterprises (NASDAQ:EOSEW) Trading Up 11.9%

Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) shot up 11.9% during mid-day trading on Wednesday . The company traded as high as $0.15 and last traded at $0.15. 1,140 shares traded hands during trading, a decline of 95% from the average session volume of 21,482 shares. The stock had previously closed at $0.13.

Eos Energy Enterprises Stock Up 11.9 %

The firm’s fifty day simple moving average is $0.17 and its 200-day simple moving average is $0.21.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Eos Energy Enterprises stock. Cowen AND Company LLC increased its stake in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) by 86.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 925,273 shares of the company’s stock after purchasing an additional 428,426 shares during the period. Cowen AND Company LLC’s holdings in Eos Energy Enterprises were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.

About Eos Energy Enterprises

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.