B. Riley analyst Ryan Pfingst raised the firm’s price target on Eos Energy (EOSE) to $5 from $4 and keeps a Neutral rating on the shares post the Q1 report. The firm continues to see execution on Eos’s expected ramp in 2025 and ongoing progress on its cost-out initiatives as key for the stock to maintain its recent momentum.
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Read More on EOSE:
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- Eos Energy’s Earnings Call: Growth Amid Challenges
- Eos Energy Enterprises: Balancing Record Revenue and Growth Potential with Sales Challenges and Market Uncertainties
- Eos Energy files to sell 158.43M shares of common stock
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