B. Riley raised the firm’s price target on Eos Energy (EOSE) to $8 from $5 and keeps a Neutral rating on the shares. The firm says it has become “incrementally more positive” on Eos given the company’s “solid position” across several major macro themes, including domestic manufacturing, grid instability and data center energy infrastructure. However, the firm awaits await progress on the company’s order conversion, margins, and revenue ramp before recommending the shares.
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