JPMorgan Starts Eos Energy Enterprises (EOSE) at Neutral

JPMorgan analyst Mark Strouse initiates coverage on Eos Energy Enterprises (NASDAQ: EOSE) with a Neutral rating and a price target of $16.00.

The analyst comments: "We are initiating coverage of EOSE with a Neutral rating and YE26 price target of $16. We expect LDES to be a key enabler to firm renewable power generation, support increasing power demand needs, and ease grid congestion. EOSE’s mostly domestic supply chain and absence of exposure to critical minerals offer customers access to US incentives and reduced geopolitical risk. EOSE is ramping production of its zinc- based technology so execution risks are elevated, though we are encouraged by recent •customer agreements and an improved liquidity position."

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 $13.30 yesterday.

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