Streetbeat News

EOSE

Eos Energy Enterprises, Inc.

https://www.eosenergystorage.com

Industry

Electrical Equipment & Parts

Eos Energy Enterprises, Inc. designs, manufactures, and deploys battery storage solutions for utility, commercial and industrial, and renewable energy markets in the United States. It offers stationary battery storage solutions. The company's flagship product is the Eos Znyth DC battery system designed to meet the requirements of the grid-scale energy storage market. Eos Energy Enterprises, Inc. was founded in 2008 and is headquartered in Edison, New Jersey.

Open

2.23

Mkt cap

477M

Volume

15M

High

2.29

P/E Ratio

-0.89

52-wk high

3.66

Low

2.16

Div yield

N/A

52-wk low

0.61

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) shares surged by 20.3% following the announcement of a strategic investment of up to $315.5 million from Cerberus Capital Management. The investment will support Eos' growth plans, including scaling operations and enhancing profitability amidst rising global energy demands.

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 2:33 pm

Eos Energy Enterprises has announced a strategic investment of up to $315.5 million from Cerberus Capital Management. This investment aims to enhance Eos' operating capabilities and strengthen its position in the global energy market.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:02 pm

Stifel analyst Vincent Anderson maintains a Buy rating on Eos Energy Enterprises (NASDAQ:EOSE) with a $13 price target.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 5:46 pm

Evercore ISI Group analyst James West maintains an Outperform rating on Eos Energy Enterprises (NASDAQ:EOSE) but lowers the price target from $7 to $3.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:58 pm

TD Cowen analyst Thomas Boyes maintains a Hold rating on Eos Energy Enterprises (NASDAQ:EOSE) and lowers the price target from $3 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:31 pm

Roth MKM analyst Chip Moore maintains a Buy rating on Eos Energy Enterprises (NASDAQ:EOSE) but lowers the price target from $6 to $4.5.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:10 pm

Stifel analyst Vincent Anderson maintains a Buy rating on Eos Energy Enterprises (NASDAQ:EOSE) with a $13 price target.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:44 am

Eos Energy Enterprises reaffirms its FY24 revenue outlook of $60M-$90M, with expectations of completing its first state-of-the-art manufacturing line's Site Acceptance Testing in Q2 2024. The company also forecasts a positive contribution margin in Q4 2024 due to cost reduction actions and production tax credits.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:27 pm

Eos Energy Enterprises (EOSE) reported Q1 earnings with a loss of $(0.23) per share, surpassing the $(0.25) estimate, marking an improvement from last year's $(0.82) loss. However, their Q1 sales of $6.60M fell short of the expected $6.77M, showing a decrease from the previous year's $8.84M.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:15 pm

Eos Energy announced its Q1 preliminary results, expecting revenue of $6.6M, surpassing the consensus estimate of $6.3M. This increase is attributed to the completion of shipments for its first Texas project, owned by a large North American infrastructure fund.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 12:23 pm

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