Daiwa Securities Group Inc. Grows Position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Daiwa Securities Group Inc. increased its position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 146.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,387 shares of the company’s stock after buying an additional 44,161 shares during the period. Daiwa Securities Group Inc.’s holdings in Eos Energy Enterprises were worth $81,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Eos Energy Enterprises by 3.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 287,779 shares of the company’s stock worth $619,000 after buying an additional 9,616 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Eos Energy Enterprises during the third quarter worth approximately $35,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Eos Energy Enterprises by 22.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 113,939 shares of the company’s stock worth $245,000 after buying an additional 20,543 shares during the period. Twin Focus Capital Partners LLC purchased a new stake in shares of Eos Energy Enterprises during the third quarter worth approximately $54,000. Finally, Canal Insurance CO purchased a new position in Eos Energy Enterprises in the third quarter valued at approximately $86,000. 54.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Evercore ISI dropped their price target on shares of Eos Energy Enterprises from $12.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 6th. Guggenheim dropped their price target on shares of Eos Energy Enterprises from $10.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Eos Energy Enterprises currently has an average rating of “Moderate Buy” and a consensus price target of $6.08.

Eos Energy Enterprises Trading Up 7.7 %

EOSE stock opened at $0.81 on Friday. The company has a market capitalization of $163.30 million, a P/E ratio of -0.37 and a beta of 2.23. Eos Energy Enterprises, Inc. has a twelve month low of $0.70 and a twelve month high of $5.67. The business has a 50 day simple moving average of $0.95 and a 200-day simple moving average of $1.14.

Eos Energy Enterprises (NASDAQ:EOSE) last posted its quarterly earnings data on Monday, March 4th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.06. The firm had revenue of $6.61 million during the quarter. Research analysts predict that Eos Energy Enterprises, Inc. will post -0.77 EPS for the current fiscal 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.