Fintel reports that on September 1, 2023, Guggenheim upgraded their outlook for Eos Energy Enterprises Inc – (NASDAQ:EOSE) from Neutral to Buy.
Analyst Price Forecast Suggests 75.23% Upside
As of August 31, 2023, the average one-year price target for Eos Energy Enterprises Inc – is 5.69. The forecasts range from a low of 4.04 to a high of $13.65. The average price target represents an increase of 75.23% from its latest reported closing price of 3.25.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Eos Energy Enterprises Inc – is 141MM, an increase of 689.22%. The projected annual non-GAAP EPS is -1.89.
What is the Fund Sentiment?
There are 78 funds or institutions reporting positions in Eos Energy Enterprises Inc -. This is an increase of 50 owner(s) or 178.57% in the last quarter. Average portfolio weight of all funds dedicated to EOSE is 0.06%, an increase of 102.73%. Total shares owned by institutions increased in the last three months by 105.37% to 15,730K shares. The put/call ratio of EOSE is 0.13, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 4,014K shares representing 3.00% ownership of the company. In it’s prior filing, the firm reported owning 2,141K shares, representing an increase of 46.65%. The firm increased its portfolio allocation in EOSE by 192.05% over the last quarter.
CNRG – SPDR S&P Kensho Clean Power ETF holds 2,746K shares representing 2.05% ownership of the company. In it’s prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
IWM – iShares Russell 2000 ETF holds 2,479K shares representing 1.85% ownership of the company. In it’s prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
VEXMX – Vanguard Extended Market Index Fund Investor Shares holds 1,660K shares representing 1.24% ownership of the company. In it’s prior filing, the firm reported owning 1,120K shares, representing an increase of 32.52%. The firm increased its portfolio allocation in EOSE by 138.74% over the last quarter.
IWO – iShares Russell 2000 Growth ETF holds 828K shares representing 0.62% ownership of the company. In it’s prior filing, the firm reported owning 387K shares, representing an increase of 53.26%. The firm increased its portfolio allocation in EOSE by 139.20% over the last quarter.
Eos Energy Enterprises Background Information
(This description is provided by the company.)
Eos Energy Enterprises, Inc. is accelerating the shift to clean energy with positively ingenious solutions that transform how the world stores power. Its breakthrough Znyth® aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable – and manufactured in the U.S. – it’s the core of its innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative. Eos was founded in 2008 and is headquartered in Edison, New Jersey.
This article originally appeared on Fintel
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
