Eos Energy price target lowered to $8.50 from $9 at Stifel

Stifel lowered the firm’s price target on Eos Energy (EOSE) to $8.50 from $9 and keeps a Buy rating on the shares. Eos shares have slid about 40% over the last two weeks due to both the equity and convert offering as well the termination of the CFO two and a half months into his tenure, notes the analyst. Despite the “noise,” the firm believes in Eos’ technology and believes the stronger balance sheet is a plus as the company remains on track to deliver “robust” production and revenue growth in the second half and 2026, the analyst tells investors.