Eos Energy Enterprises, Inc. (NASDAQ:EOSE) Shares Purchased by Meridian Wealth Management LLC

Meridian Wealth Management LLC boosted its position in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 27.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 99,800 shares of the company’s stock after purchasing an additional 21,350 shares during the quarter. Meridian Wealth Management LLC’s holdings in Eos Energy Enterprises were worth $485,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management raised its stake in Eos Energy Enterprises by 1,000.0% in the 3rd 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. Parkside Financial Bank & Trust acquired a new position in Eos Energy Enterprises in the 4th quarter valued at $29,000. R Squared Ltd acquired a new position in Eos Energy Enterprises in the 4th quarter valued at $31,000. WESPAC Advisors LLC acquired a new position in Eos Energy Enterprises in the 3rd quarter valued at $32,000. Finally, Focused Wealth Management Inc purchased a new stake in Eos Energy Enterprises in the 3rd quarter valued at $46,000. 54.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EOSE has been the subject of several analyst reports. Roth Capital cut Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Roth Mkm cut Eos Energy Enterprises from a “buy” rating to a “neutral” rating and upped their target price 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 given a buy rating to the company. According to data from MarketBeat.com, Eos Energy Enterprises currently has a consensus rating of “Hold” and a consensus price target of $4.10.

Eos Energy Enterprises Trading Up 26.1 %

NASDAQ EOSE opened at $4.97 on Thursday. The stock 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 twelve month low of $0.61 and a twelve month high of $6.64. The stock has a fifty day simple moving average of $5.18 and a 200-day simple moving average of $3.70.

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.