Souders Financial Advisors Lowers Stock Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Souders Financial Advisors decreased its position in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 32.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,507 shares of the company’s stock after selling 60,095 shares during the period. Souders Financial Advisors owned approximately 0.06% of Eos Energy Enterprises worth $615,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Jag Capital Management LLC purchased a new stake in Eos Energy Enterprises during the fourth quarter valued at about $293,000. Meridian Wealth Management LLC increased its holdings in shares of Eos Energy Enterprises by 27.2% in the fourth quarter. Meridian Wealth Management LLC now owns 99,800 shares of the company’s stock worth $485,000 after buying an additional 21,350 shares during the period. Parkside Financial Bank & Trust purchased a new position in shares of Eos Energy Enterprises in the fourth quarter worth about $29,000. Cutter & CO Brokerage Inc. increased its holdings in shares of Eos Energy Enterprises by 37.0% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 118,110 shares of the company’s stock worth $574,000 after buying an additional 31,870 shares during the period. Finally, FourThought Financial Partners LLC purchased a new position in shares of Eos Energy Enterprises in the fourth quarter worth about $1,335,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

Eos Energy Enterprises Price Performance

Shares of NASDAQ:EOSE opened at $4.97 on Thursday. The stock’s 50-day moving average is $5.18 and its 200 day moving average is $3.70. The company has a market cap of $1.08 billion, a PE ratio of -2.06 and a beta of 2.15. Eos Energy Enterprises, Inc. has a 1 year low of $0.61 and a 1 year high of $6.64.

Analyst Ratings Changes

Several research analysts have recently commented on EOSE shares. Roth Capital downgraded Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Roth Mkm downgraded Eos Energy Enterprises from a “buy” rating to a “neutral” rating and boosted their price target for the company from $4.00 to $5.00 in a report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Eos Energy Enterprises presently has a consensus 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.