Eos Energy downgraded to Neutral from Buy at Roth MKM

Roth MKM analyst Chip Moore downgraded Eos Energy (EOSE) to Neutral from Buy with a price target of $5, up from $4. The firm believes the stock’s risk/reward is more balanced at current levels. Roth continues to favor Eos’s “differentiated” technology and domestic positioning, but sees execution and scaling risk as more elevated near-term, exacerbated by policy uncertainties and inherent project timing constraints. The firm would look to get more constructive on the shares as the company’s visibility on scale-up improves.