Stifel Reiterates Buy Rating on Eos Energy Enterprises (EOSE)

Stifel analyst Stephen Gengaro reiterated a Buy rating and $6.00 price target on Eos Energy Enterprises (NASDAQ: EOSE).

The analyst commented, "EOSE shares rose sharply following solid 4Q24 revenue and incremental details that support its unchanged 2025 outlook. We believe EOSE's 4Q24 print and commentary highlights its strong progress, including: 1) Reiterated 2025 revenue will likely rise at least 10x to $150-190 million; 2) Rising expected volume on its state-of-the-art manufacturing line; 3) Solid backlog of $682 million (+28% YoY) and expectations for strong 2025 order flow; 4) it is expanding capacity to 2.0 GWh from 1.25 GWh, and seeking to add 6.0 GWh of additional capacity under Project AMAZE; and 5) met third performance milestone and drew on Cerberus Term loan. We are tweaking forecasts and reiterating our Buy with a $6 target price."

For an analyst ratings summary and ratings history on Eos Energy Enterprises click here. For more ratings news on Eos Energy Enterprises click here.

Shares of Eos Energy Enterprises closed at $4.97 yesterday.

You May Also Be Interested In

• Eos Energy Enterprises (EOSE) PT Lowered to $5 at B.Riley
• Blaize Inc. (BZAI) PT Lowered to $2 at Rosenblatt
• Wedbush Downgrades Globant S.A. (GLOB) to Neutral on balanced risk/reward