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Eos Energy Enterprises, Inc. (EOSE)
:EOSE
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Eos Energy Enterprises
(NASDAQ:EOSE)
Rating:56Neutral
Price Target:
$6.50
▼(-13.45% Downside)
Positive Factors
Manufacturing Expansion
Eos is accelerating its manufacturing build out to better capture larger opportunities, with plans for three fully automated production lines totaling 6GWh.
New Orders
The company secured $174.2mn in new orders in 4Q24, highlighting strong customer interest.
Strategic Partnerships
Turtle Creek production increased significantly, with a substantial portion of volume going to a strategic customer.
Negative Factors
Contribution Margins
Positive contribution margin on Z3 not achieved fully, given total backlog, which has projects secured at lower ASPs.
Order Fulfillment
Backlog fell modestly, which may indicate some challenges in fulfilling orders.
Pricing Challenges
Pricing appears to be below expectations, likely due to legacy terms with the strategic customer.
Eos Energy Enterprises (EOSE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.79B
Dividend YieldN/A
Average Volume (3M)12.84M
Price to Earnings (P/E)―
Beta (1Y)2.29
Revenue Growth128.49%
EPS Growth-697.81%
CountryUS
Employees430
SectorIndustrials
Sector Strength80
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-1.05
Shares Outstanding259,853,600
10 Day Avg. Volume9,418,838
30 Day Avg. Volume12,839,526
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.14
Enterprise Value/Revenue60.53
Enterprise Value/Gross Profit-19.69
Enterprise Value/Ebitda-2.61
Forecast
1Y Price Target
$6.75Price Target Upside-10.12% Downside
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 of its energy storage systems, which are based on its proprietary zinc hybrid cathode technology. The company's key revenue streams include direct sales and contracts with utility companies, renewable energy providers, and industrial clients that require large-scale energy storage solutions. Eos generates revenue by providing its battery systems for new installations and retrofitting existing energy infrastructures. Additionally, partnerships with renewable energy developers and strategic collaborations with other firms in the energy sector contribute to its revenue, allowing Eos to expand its market reach and integrate its solutions into larger energy projects.
Eos Energy Enterprises Earnings Call Summary
Earnings Call Date:Jul 30, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 10, 2025
Earnings Call Sentiment Positive
The earnings call indicated strong growth in revenue and shipments, with positive legislative impacts and a significant commercial pipeline. Although there were challenges such as lower selling prices affecting margins and a net loss for the quarter, the strategic financial moves and technological advancements position Eos well for future growth.Q2-2025 Updates
Positive Updates
Record Revenue and Shipment Growth
Eos Energy Enterprises achieved record quarterly revenue of $15.2 million, a 46% increase from Q1, and a 122% increase in shipments. This was the same amount of revenue generated for the full year of 2024, demonstrating scalability of operations.
Positive Legislative Impact
The One Big Beautiful Bill Act preserves the Section 45X production tax credits with full stackability and transferability through 2029, potentially generating over $90 million annually per manufacturing line at full capacity.
Significant Pipeline and Backlog
Eos' commercial pipeline ended Q2 with opportunities valued at $18.8 billion, representing 77 gigawatt hours, a 37% year-over-year increase. The backlog was $672 million, representing 2.6 gigawatt hours of storage.
Technological Advancements
The Z3 product demonstrated a round-trip efficiency of 87% to 89% on sub-4-hour discharge cycles, and a 40% increase in energy output since launch.
Strategic Financial Moves
Eos successfully raised $336 million, lowered cost of capital, simplified the balance sheet, and strengthened cash position, ending with $183 million in total cash.
Negative Updates
Lower Selling Price Impact
Q2 revenue was impacted by lower selling prices as 50% of production volume was delivered to a single strategic customer at a reduced price, affecting near-term revenue and margins.
Net Loss for the Quarter
Net loss for the quarter was $222.9 million, including noncash fair value adjustments tied to mark-to-market associated with a 35% increase in stock price.
Backlog Decrease
There was a slight decrease in backlog from the prior quarter due to customer uncertainty and financing delays related to legislative changes.
Company Guidance
In the second quarter of 2025, Eos Energy Enterprises reported significant operational and financial growth, highlighted by a 122% increase in quarter-over-quarter shipments and record revenue. CEO Joseph Mastrangelo emphasized the company's pivotal role in modernizing the U.S. energy grid through bulk stationary storage solutions, noting that 50% of their current pipeline is comprised of stand-alone energy storage projects. The company also achieved a 40% improvement in energy output from their Z3 product and reported round-trip efficiency rates between 87% and 89% on sub-4-hour discharge cycles. Eos' commercial pipeline expanded to $18.8 billion, representing 77 gigawatt hours, with notable gains in 8-plus hour projects and data center opportunities now constituting over 20% of the pipeline. The passage of the One Big Beautiful Bill Act was seen as a positive development, preserving significant tax credits and enhancing demand for American-made storage systems. Financially, Eos ended the quarter with $183 million in cash, following strategic refinancing and capital raising efforts, and maintained a strong outlook for achieving positive gross margins by the first quarter of 2026.Eos Energy Enterprises Financial Statement Overview
Summary
Eos Energy Enterprises faces significant financial challenges, marked by persistent losses and high leverage. The income statement, balance sheet, and cash flow analysis collectively indicate operational inefficiencies, financial risks, and sustainability issues, necessitating strategic restructuring to improve financial health.Income Statement
Eos Energy Enterprises shows a significant negative gross profit margin and net profit margin, indicating difficulties in managing costs relative to revenue. The TTM data reports negative EBIT and EBITDA margins, emphasizing operational inefficiencies. Although revenue has grown, the company continues to register significant losses, highlighting challenges in achieving profitability.22
Negative
Balance Sheet
The company's balance sheet reveals a highly leveraged position with a negative equity value, indicating that liabilities exceed assets, which poses a financial risk. The negative return on equity reflects consistent losses. The equity ratio is negative, emphasizing financial instability and potential liquidity concerns.15
Very Negative
Cash Flow
Cash flow analysis shows negative operating and free cash flows, suggesting cash burn and inability to generate sufficient cash from operations. The continued need for financing activities to support operations indicates sustainability concerns. The ratios comparing cash flows to net income reflect ongoing financial struggles.18
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.80M | 15.61M | 16.38M | 17.92M | 4.60M | 219.00K |
| Gross Profit | -103.90M | -83.26M | -73.42M | -135.34M | -41.90M | -5.29M |
| EBITDA | -784.30M | -648.50M | -162.47M | -203.27M | -115.48M | -45.26M |
| Net Income | -860.06M | -685.87M | -229.51M | -229.81M | -142.51M | -67.20M |
Balance Sheet | ||||||
| Total Assets | 361.00M | 260.32M | 186.49M | 106.79M | 169.18M | 138.26M |
| Cash, Cash Equivalents and Short-Term Investments | 120.22M | 74.29M | 69.47M | 17.08M | 104.83M | 121.85M |
| Total Debt | 448.34M | 320.40M | 208.89M | 181.07M | 113.52M | 1.37M |
| Total Liabilities | 1.46B | 842.09M | 297.29M | 239.50M | 136.73M | 15.17M |
| Stockholders Equity | -1.10B | -1.07B | -110.80M | -132.71M | 32.45M | 123.10M |
Cash Flow | ||||||
| Free Cash Flow | -217.02M | -187.09M | -174.48M | -216.93M | -131.74M | -30.16M |
| Operating Cash Flow | -182.18M | -153.94M | -145.02M | -196.86M | -116.15M | -26.56M |
| Investing Cash Flow | -34.85M | -33.19M | -29.46M | -17.17M | -23.34M | -6.63M |
| Financing Cash Flow | 155.81M | 205.83M | 227.92M | 139.54M | 123.32M | 154.18M |
Eos Energy Enterprises Technical Analysis
Positive
7.51
Price Trends
5.77
Positive
5.43
Positive
4.86
Positive
Market Momentum
0.36
Negative
68.29
Neutral
84.56
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EOSE, the sentiment is Positive. The current price of 7.51 is above the 20-day moving average (MA) of 6.47, above the 50-day MA of 5.77, and above the 200-day MA of 4.86, indicating a bullish trend. The MACD of 0.36 indicates Negative momentum. The RSI at 68.29 is Neutral, neither overbought nor oversold. The STOCH value of 84.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $886.79M | ― | -68.88% | ― | 209.20% | 4.24% | |
64 Neutral | $10.74B | 15.62 | 8.14% | 2.00% | 2.79% | -14.82% | |
56 Neutral | $1.79B | ― | 125.43% | ― | 128.49% | -697.81% | |
54 Neutral | $1.89B | ― | -68.46% | ― | 60.04% | 52.49% | |
53 Neutral | $1.81B | ― | -84.40% | ― | -1.70% | 9.93% | |
51 Neutral | $868.70M | ― | -33.65% | ― | 20.84% | 24.84% | |
45 Neutral | $711.83M | ― | -279.62% | ― | 2.45% | -69.94% |
* Industrials Sector Average
Performance Comparison
EOSE
Eos Energy Enterprises
7.51
5.07
207.79%
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2.64
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Enovix
9.38
0.85
9.96%
ADSE
ADS-TEC Energy
11.34
-1.08
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AMPX
Amprius Technologies Inc
7.32
6.41
704.40%
Eos Energy Enterprises Corporate Events
Executive/Board Changes
Eos Energy Boosts CEO Salary Ahead of August
Neutral
Jul 29, 2025
On July 23, 2025, Eos Energy Enterprises‘ Leadership Development & Compensation Committee approved an increase in the annual base salary of CEO Joe Mastrangelo from $650,000 to $800,000, effective August 1, 2025. This marks the first salary adjustment for Mr. Mastrangelo since 2021, reflecting the company’s commitment to aligning executive compensation with industry benchmarks.
Private Placements and FinancingBusiness Operations and Strategy
Eos Energy Secures $22.7M Loan for Expansion
Positive
Jul 1, 2025
On July 1, 2025, Eos Energy Enterprises announced the receipt of a second loan advance of $22.7 million from the Department of Energy’s Loan Programs Office. This funding, part of a $90.9 million tranche, supports Eos’s expansion of its U.S. manufacturing capacity to meet growing demand for its energy storage solutions. The loan proceeds are instrumental in scaling production and advancing the company’s strategic growth objectives, including the development of a second manufacturing line to support increasing customer demand and the ‘buy American’ initiative.
Private Placements and FinancingBusiness Operations and Strategy
Eos Energy’s $175M Convertible Notes Offering Announced
Positive
Jun 3, 2025
On June 3, 2025, Eos Energy Enterprises used approximately $131 million from a notes offering to repurchase $126 million of its 2026 Convertible PIK Toggle Notes in a private transaction. This move may lead to upward pressure on the company’s stock price due to potential open market purchases by the note holders. Additionally, Eos announced a proposed offering of $175 million in convertible senior notes due 2030, with plans to use the proceeds to repurchase existing notes, prepay a portion of its credit agreement, and for general corporate purposes. This strategic financial maneuver aims to optimize the company’s debt structure and enhance its market positioning.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.