Cutter & CO Brokerage Inc. Has $574,000 Holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Cutter & CO Brokerage Inc. lifted its holdings in Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 37.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,110 shares of the company’s stock after purchasing an additional 31,870 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Eos Energy Enterprises were worth $574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EOSE. Hollencrest Capital Management lifted its stake in shares of 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. R Squared Ltd bought a new position in Eos Energy Enterprises in the 4th quarter worth $31,000. WESPAC Advisors LLC bought a new position in Eos Energy Enterprises in the 3rd quarter worth $32,000. Focused Wealth Management Inc bought a new position in Eos Energy Enterprises in the 3rd quarter worth $46,000. Finally, Walleye Capital LLC bought a new position in Eos Energy Enterprises in the 3rd quarter worth $48,000. Institutional investors and hedge funds own 54.87% of the company’s stock.

Eos Energy Enterprises Stock Performance

NASDAQ:EOSE opened at $4.09 on Wednesday. The firm’s 50-day moving average is $5.20 and its 200-day moving average is $3.61. Eos Energy Enterprises, Inc. has a 52-week low of $0.61 and a 52-week high of $6.64. The company has a market cap of $891.26 million, a price-to-earnings ratio of -1.70 and a beta of 2.10.

Wall Street Analyst Weigh In

Several brokerages recently commented on EOSE. Roth Mkm downgraded shares of Eos Energy Enterprises from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Roth Capital downgraded shares of Eos Energy Enterprises from a “strong-buy” rating to a “hold” rating 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.10.

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.