Eos Energy price target raised to $22 from $10 at Stifel

Stifel raised the firm’s price target on Eos Energy (EOSE) to $22 from $10 and keeps a Buy rating on the shares. Eos shares have trended sharply higher over the past several weeks, which the firm sees as likely due to both expected progress at its Turtle Creek manufacturing facility and market enthusiasm around power generation demand and storage needs for AI/data centers. While the firm expects Q3 results “to be a nonevent,” it is increasingly confident in Eos’ progress, the analyst tells investors.