Eos Energy initiated with a Neutral at JPMorgan

JPMorgan initiated coverage of Eos Energy (EOSE) with a Neutral rating and $16 price target The company’s mostly domestic supply chain and absence of exposure to critical minerals offer customers access to U.S. incentives and reduced geopolitical risk, the analyst tells investors in a research note. However, the firm sees above-average execution risk for Eos and thinks the stock will perform in-line with the mean of its coverage.