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Eos Energy Enterprises (EOSE)
NASDAQ:EOSE
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Eos Energy Enterprises
(NASDAQ:EOSE)
32Underperform
Positive Factors
Manufacturing Expansion
Plans to accelerate Eos's manufacturing footprint with an additional 6GWh highlight growth ambitions.
New Orders
The company secured $174.2mn in new orders, indicating strong demand and potential revenue growth.
Negative Factors
Execution Probability
The probability of execution is difficult to estimate, leading to uncertainty and a HOLD rating.
Gross Margins
Gross margins are expected to remain negative throughout the year, posing a challenge to profitability.
Eos Energy Enterprises (EOSE) vs. S&P 500 (SPY)
Market Cap
$802.16M
Dividend YieldN/A
Average Volume (3M)5.13M
Price to Earnings (P/E)―
Beta (1Y)2.21
Revenue Growth-4.71%
EPS Growth-117.58%
CountryUS
Employees430
SectorIndustrials
Sector Strength61
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-4.45
Shares Outstanding226,599,300
10 Day Avg. Volume4,396,930
30 Day Avg. Volume5,133,782
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)63.74
Price to Cash Flow (P/CF)-5.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$5.33Price Target Upside38.08% Upside
Rating ConsensusHold
Number of Analyst Covering4
Eos Energy Enterprises Business Overview & Revenue Model
Company DescriptionEos Energy Enterprises, Inc. designs, manufactures, and deploys battery storage solutions for utility, commercial and industrial, and renewable energy markets in the United States. It offers stationary battery storage solutions. The company's flagship product is the Eos Znyth DC battery system designed to meet the requirements of the grid-scale energy storage market. Eos Energy Enterprises, Inc. was founded in 2008 and is headquartered in Edison, New Jersey.
How the Company Makes MoneyEos Energy Enterprises makes money primarily through the sale and deployment of its Znyth® battery systems. Revenue is generated from direct sales to utility companies, commercial and industrial entities, and other customers seeking efficient energy storage solutions. The company may also engage in service and maintenance contracts associated with its battery systems, providing ongoing support and optimization services. Strategic partnerships and collaborations with energy companies and technology integrators further contribute to its revenue streams by expanding market reach and enhancing product offerings.
Eos Energy Enterprises Financial Statement Overview
Summary
Eos Energy Enterprises is facing substantial financial challenges across all verticals. The income statement indicates struggling revenue and significant losses. The balance sheet reveals high leverage and negative equity, while cash flow statements show ongoing cash burn without sufficient operational cash inflow. The overall financial health is concerning and suggests critical financial instability.Income Statement
Eos Energy Enterprises has faced significant challenges in improving its revenue and profitability. The company experienced a declining revenue trend with a more than 90% drop from 2023 to 2024. Gross and net profit margins are negative, indicating high operational costs and inefficiencies. The EBIT and EBITDA margins have been consistently negative, showing ongoing struggles in achieving operational profitability.15
Very Negative
Balance Sheet
The balance sheet shows a concerning financial position with negative stockholders' equity, indicating liabilities exceed assets. The debt-to-equity ratio is not applicable due to negative equity, suggesting financial distress. The equity ratio is negative, pointing to solvency issues. The company is highly leveraged, posing significant financial risk.10
Very Negative
Cash Flow
Cash flow metrics reveal consistent negative operating and free cash flow, indicating the company is not generating sufficient cash from its operations. The free cash flow growth rate is negative, showing deterioration in cash generating capacity. The operating cash flow to net income ratio is not favorable due to negative values, highlighting cash flow challenges.20
Very Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 15.61M | 16.38M | 17.92M | 4.60M | 219.00K | Gross Profit |
| -83.26M | -73.42M | -135.34M | -41.90M | -5.29M | EBIT |
| -175.20M | -152.94M | -221.26M | -134.72M | -39.07M | EBITDA |
| -648.50M | -162.47M | -203.27M | -115.48M | -45.26M | Net Income Common Stockholders |
| -685.87M | -229.51M | -229.81M | -142.51M | -67.20M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 74.29M | 69.47M | 17.08M | 104.83M | 121.85M | Total Assets |
| 260.32M | 186.49M | 106.79M | 169.18M | 138.26M | Total Debt |
| 320.40M | 208.89M | 181.07M | 113.52M | 1.37M | Net Debt |
| 246.11M | 139.42M | 163.99M | 8.69M | -120.49M | Total Liabilities |
| 1.33B | 297.29M | 239.50M | 136.73M | 15.17M | Stockholders Equity |
| -1.07B | -110.80M | -132.71M | 32.45M | 123.10M |
| Cash Flow | Free Cash Flow | |||
| -187.09M | -174.48M | -216.93M | -131.74M | -30.16M | Operating Cash Flow |
| -153.94M | -145.02M | -196.86M | -116.15M | -26.56M | Investing Cash Flow |
| -33.19M | -29.46M | -17.17M | -23.34M | -6.63M | Financing Cash Flow |
| 205.83M | 227.92M | 139.54M | 123.32M | 154.18M |
Eos Energy Enterprises Technical Analysis
Neutral
3.86
Price Trends
4.49
Negative
4.30
Negative
3.34
Positive
Market Momentum
-0.17
Positive
44.51
Neutral
23.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EOSE, the sentiment is Neutral. The current price of 3.86 is below the 20-day moving average (MA) of 4.02, below the 50-day MA of 4.49, and above the 200-day MA of 3.34, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 44.51 is Neutral, neither overbought nor oversold. The STOCH value of 23.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EOSE.
Eos Energy Enterprises Risk Analysis
Eos Energy Enterprises disclosed 43 risk factors in its most recent earnings report. Eos Energy Enterprises reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Eos Energy Enterprises Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $7.67B | 13.25 | 3.04% | 3.47% | 3.63% | -13.99% | |
51 Neutral | $287.74M | ― | -70.24% | ― | 166.95% | -3.40% | |
51 Neutral | $585.38M | ― | -45.91% | ― | 23.87% | -100.53% | |
44 Neutral | $1.15B | ― | -88.04% | ― | 1429.35% | -36.13% | |
43 Neutral | $1.18B | ― | -90.88% | ― | -29.45% | -10.79% | |
42 Neutral | $659.45M | ― | -279.62% | ― | 173.83% | -76.24% | |
32 Underperform | $802.16M | ― | 125.43% | ― | -4.71% | -117.58% |
* Industrials Sector Average
Performance Comparison
EOSE
Eos Energy Enterprises
3.86
2.94
319.57%
PLUG
Plug Power
1.21
-1.75
-59.12%
MVST
Microvast Holdings
1.79
1.28
250.98%
ENVX
Enovix
6.64
-0.70
-9.54%
ADSE
ADS-TEC Energy
12.24
1.84
17.69%
AMPX
Amprius Technologies Inc
2.54
0.59
30.26%
Eos Energy Enterprises Earnings Call Summary
Earnings Call Date: Mar 4, 2025 | % Change Since: -2.03% | Next Earnings Date: May 13, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed sentiment with strong commercial pipeline growth, successful financing, and international market opportunities, contrasted by challenges in subassembly automation, operating losses, and a complex regulatory environment. While positive momentum and strategic positioning were evident, significant operational and financial hurdles remain.Highlights
Strong Commercial Pipeline and Backlog
EOS Energy's commercial pipeline stands at $14.4 billion, reflecting a 9% year-over-year improvement with $310.7 million in booked orders and a backlog nearing $700 million.
Revenue Growth and Guidance
The company reported $7.3 million in Q4 revenue, an 8x increase from the previous quarter, and expects $150 million to $190 million in revenue for 2025.
Successful Financing and Strong Cash Position
EOS ended the year with $103 million in cash, having raised $133 million in gross funding in Q4, including $68.3 million from the Department of Energy Guaranteed Loan.
U.S. Manufacturing and Regulatory Positioning
EOS's bill of materials is 90% US-sourced, providing protection against tariffs and positioning the company well within the uncertain regulatory environment.
International Growth Opportunities
EOS is exploring international markets, focusing on the UK, Latin America, Germany, Italy, Australia, Japan, and Poland for future growth.
Lowlights
Challenges in Subassembly Automation
The manual subassembly process increased inefficiencies and labor costs, which are expected to be addressed with automation in Q2 and Q3 of 2025.
Operating Losses and Adjusted EBITDA
EOS reported a net loss of $268.1 million for Q4, with an adjusted EBITDA loss of $44.6 million due to higher debt issuance costs and PP&E write-offs.
Lower Than Expected Volume
The company delivered lower volume than anticipated, impacting financials despite direct material cost reductions.
Uncertain Regulatory Environment
The company is navigating an uncertain regulatory landscape, particularly concerning the IRA tax credits and their potential impact on growth.
Company Guidance
During the Eos Energy Enterprise Fourth Quarter 2024 Conference Call, CEO Joe Mastrangelo highlighted several key metrics reflecting the company's performance and future outlook. Eos achieved a strong year, hitting revised guidance with $310.7 million in booked orders and a backlog nearing $700 million, equating to over 2.5 gigawatt hours. The company has discharged nearly 5 gigawatt hours of energy in the field, with over 34,000 cycles completed, showcasing the robustness of its technology. Revenue slightly exceeded revised guidance, with $103 million in cash reserves, excluding $40.5 million from a Cerberus loan draw. Furthermore, Eos is preparing for significant growth, with a projected 25% CAGR for long-duration energy storage over the next decade. The company is scaling operations, aiming for a 2 gigawatt-hour capacity at its Turtle Creek facility, and exploring new facilities to meet increasing demand. Eos reiterated its 2025 revenue guidance of $150 to $190 million, indicating strong confidence in its ability to scale and meet market demands.Eos Energy Enterprises Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Eos Energy Enterprises Appoints Joseph Nigro to Board
Positive
Mar 27, 2025
On March 26, 2025, Eos Energy Enterprises appointed Joseph Nigro to its Board of Directors, enhancing its leadership with his extensive experience in the energy and utility sectors. Nigro’s appointment is expected to strengthen Eos’ strategic vision and competitive positioning as the company continues to scale its operations and drive growth in the energy storage market.
Executive/Board ChangesBusiness Operations and Strategy
Eos Energy Announces Leadership Changes and New CFO
Neutral
Mar 5, 2025
On March 4, 2025, Eos Energy Enterprises announced key leadership changes, with Nathan Kroeker transitioning from Chief Financial Officer to Chief Commercial Officer, and Eric Javidi being appointed as the new Chief Financial Officer. These changes are accompanied by a revised short-term incentive plan for 2025, which includes adjusted performance metrics and targets for key executives, potentially impacting the company’s strategic focus and operational efficiency.
Private Placements and FinancingBusiness Operations and Strategy
Eos Energy Completes Milestones, Secures Key Funding
Positive
Jan 27, 2025
On January 27, 2025, Eos Energy Enterprises announced the completion of all performance milestones for the third milestone of their credit agreement with Cerberus Capital Management, allowing them to access the final $40.5 million of a $210.5 million Delayed Draw Term Loan. This funding supports Eos’s U.S. manufacturing expansion and strengthens its position in the energy storage industry, contributing to America’s energy independence. The successful completion of these milestones demonstrates Eos’s operational efficiency and positions the company for profitable growth, as it continues to meet growing global demand for long-duration, non-flammable energy storage solutions.
Business Operations and StrategyFinancial Disclosures
Eos Energy Projects Significant Revenue Growth for 2025
Positive
Jan 16, 2025
Eos Energy Enterprises announced its preliminary revenue results for 2024, meeting its revised guidance of $15 million, driven by overcoming supply chain bottlenecks and enhanced supplier performance. Looking forward, the company anticipates significant revenue growth in 2025, with projections between $150 million and $190 million, supported by increased production capacity and a diversified supply chain. The company has also launched a comprehensive insurance program to enhance technology bankability and provide greater operational and economic certainty, aiming to become a leading American-made supplier in the energy storage sector.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.