FourThought Financial Partners LLC Invests $1.34 Million in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

FourThought Financial Partners LLC acquired a new stake in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 274,617 shares of the company’s stock, valued at approximately $1,335,000. FourThought Financial Partners LLC owned 0.13% of Eos Energy Enterprises at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. WESPAC Advisors LLC raised its holdings in shares of Eos Energy Enterprises by 16.6% in the fourth quarter. WESPAC Advisors LLC now owns 12,647 shares of the company’s stock valued at $61,000 after acquiring an additional 1,798 shares in the last quarter. Montag A & Associates Inc. lifted its holdings in Eos Energy Enterprises by 21.0% during the fourth quarter. Montag A & Associates Inc. now owns 13,809 shares of the company’s stock worth $67,000 after buying an additional 2,400 shares during the period. R Squared Ltd bought a new position in shares of Eos Energy Enterprises in the 4th quarter worth $31,000. Hollencrest Capital Management grew its stake in Eos Energy Enterprises by 1,000.0% in the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company’s stock valued at $25,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Lake Street Private Wealth LLC purchased a new stake in shares of Eos Energy Enterprises during the fourth quarter valued at about $51,000. 54.87% of the stock is owned by hedge funds and other institutional investors.

Eos Energy Enterprises Stock Down 4.9 %

Shares of NASDAQ EOSE opened at $4.26 on Tuesday. The business’s 50 day moving average is $5.19 and its two-hundred day moving average is $3.59. Eos Energy Enterprises, Inc. has a 52-week low of $0.61 and a 52-week high of $6.64. The firm has a market cap of $928.30 million, a price-to-earnings ratio of -1.77 and a beta of 2.10.

Wall Street Analysts Forecast Growth

EOSE has been the subject of a number of research analyst reports. Roth Capital cut Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Roth Mkm lowered Eos Energy Enterprises from a “buy” rating to a “neutral” rating and increased their price objective for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.10.

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.