Integrity Alliance LLC. Acquires 22,000 Shares of Eos Energy Enterprises, Inc. $EOSE

Integrity Alliance LLC. lifted its holdings in shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) by 73.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,000 shares of the company’s stock after purchasing an additional 22,000 shares during the period. Integrity Alliance LLC.’s holdings in Eos Energy Enterprises were worth $266,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Amalgamated Bank bought a new stake in shares of Eos Energy Enterprises during the 2nd quarter worth $39,000. Baxter Bros Inc. purchased a new stake in Eos Energy Enterprises in the 2nd quarter worth about $51,000. KBC Group NV purchased a new stake in Eos Energy Enterprises in the 1st quarter worth about $38,000. SBI Securities Co. Ltd. increased its holdings in Eos Energy Enterprises by 588.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company’s stock worth $38,000 after acquiring an additional 8,602 shares during the last quarter. Finally, Elevatus Welath Management purchased a new stake in Eos Energy Enterprises in the 1st quarter worth about $39,000. 54.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EOSE. Wall Street Zen raised Eos Energy Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Guggenheim lifted their price objective on Eos Energy Enterprises from $10.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. B. Riley lifted their price objective on Eos Energy Enterprises from $5.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, September 30th. Roth Capital set a $12.00 price objective on Eos Energy Enterprises and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, Zacks Research lowered Eos Energy Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.36.

Eos Energy Enterprises Stock Up 11.9%

EOSE stock opened at $16.03 on Monday. The firm has a market capitalization of $4.17 billion, a PE ratio of -3.07 and a beta of 2.32. Eos Energy Enterprises, Inc. has a twelve month low of $2.06 and a twelve month high of $19.05. The stock has a 50-day simple moving average of $11.36 and a two-hundred day simple moving average of $7.49.

Insider Transactions at Eos Energy Enterprises

In other Eos Energy Enterprises news, Director Marian Walters sold 50,000 shares of Eos Energy Enterprises stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $7.90, for a total transaction of $395,000.00. Following the completion of the transaction, the director owned 133,794 shares of the company’s stock, valued at $1,056,972.60. The trade was a 27.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sumeet Puri sold 40,501 shares of Eos Energy Enterprises stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $7.11, for a total value of $287,962.11. Following the transaction, the chief accounting officer directly owned 164,290 shares of the company’s stock, valued at $1,168,101.90. The trade was a 19.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is owned by insiders.

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.