Guggenheim analyst Joseph Osha reiterated a Buy rating on Eos Energy Enterprises on November 28 and set a price target of $20.00.
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Joseph Osha has given his Buy rating due to a combination of factors, primarily focusing on Eos Energy Enterprises’ recent financial maneuvers. The company has successfully completed a convertible debt and equity financing, which is expected to positively impact its financial model.
Despite the stock’s significant performance year-to-date, driven by a recovery in EBIT due to reduced shrink expenses, Osha believes there is still potential for further upside. The anticipation of strong third-quarter earnings, along with an improved full-year outlook and strategic real estate initiatives for 2026, supports his optimistic stance on the stock.
Osha covers the Technology sector, focusing on stocks such as NEXTracker, Inc. Class A, Enphase Energy, and First Solar. According to TipRanks, Osha has an average return of 20.2% and a 54.04% success rate on recommended stocks.
In another report released on November 21, Stifel Nicolaus also reiterated a Buy rating on the stock with a $22.00 price target.