Eos Energy Enterprises, Inc. (EOSE)
NASDAQ:EOSE
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Eos Energy Enterprises
(NASDAQ:EOSE)
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Rating:53Neutral
Price Target:
$7.00
▼(-2.23% Downside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by weak financial performance (large losses, negative equity, high debt, and heavy cash burn) despite strong revenue growth. Offsetting factors include a constructive earnings update (reaffirmed guidance, expanding backlog/pipeline, and operational improvements) and moderately positive near-term technical momentum, while valuation screens low on P/E but lacks a dividend yield input.
Positive Factors
Backlog and Commercial Pipeline
A multi-hundred-million-dollar backlog and a $24B pipeline provide durable multi-quarter demand visibility for long-duration systems. This supports capacity planning, supplier commitments, and revenue conversion over the next 2–6 months as production ramps and project wins move toward execution.
Negative Factors
High Leverage and Negative Equity
Substantial leverage and negative equity materially constrain financial flexibility. This structural capital weakness elevates refinancing and solvency risk, limits strategic optionality, and makes future project-financing terms and partner negotiations more sensitive to execution and market conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Backlog and Commercial Pipeline
A multi-hundred-million-dollar backlog and a $24B pipeline provide durable multi-quarter demand visibility for long-duration systems. This supports capacity planning, supplier commitments, and revenue conversion over the next 2–6 months as production ramps and project wins move toward execution.
Read all positive factors
Eos Energy Enterprises (EOSE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.74B
Dividend YieldN/A
Average Volume (3M)31.02M
Price to Earnings (P/E)0.8
Beta (1Y)2.39
Revenue Growth725.76%
EPS Growth20.97%
CountryUS
Employees430
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-4.37
Shares Outstanding339,514,040
10 Day Avg. Volume42,834,166
30 Day Avg. Volume31,023,587
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)-3.41
Price to Sales (P/S)26.17
P/FCF Ratio-11.28
Enterprise Value/Market Cap0.84
Enterprise Value/Revenue14.27
Enterprise Value/Gross Profit-14.01
Enterprise Value/Ebitda-2.72
Forecast
1Y Price Target
$9.00Price Target Upside25.70% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)-0.4
Revenue Forecast (FY)$305.84M
Eos Energy Enterprises Business Overview & Revenue Model
Company Description
Eos 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 flag...
How the Company Makes Money
Eos Energy Enterprises makes money primarily by selling battery energy storage systems and related services to customers deploying energy storage projects. Revenue is generated from (1) product sales of its energy storage hardware (battery modules...
Eos Energy Enterprises Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful commercial and operational momentum: strong revenue growth, sizable pipeline and backlog, important technical validation (DawnOS and Z3) that improves efficiency and financeability, and a strategic financing/execution vehicle (Frontier Power USA) designed to accelerate project closings. At the same time, the company remains unprofitable at the adjusted EBITDA and gross-loss level, is executing costly system upgrades across the fleet, requires additional capital (rights offering) and relies on successful execution of the Frontier structure and debt/insurance layers to realize bankability and order conversion. Overall the positives — rapid revenue scaling, technical performance gains, manufacturing productivity improvements, and a large, long-duration-focused pipeline — materially outweigh the remaining operational losses and financing risks in the near term.Positive Updates
Strong Top-Line Growth
Q1 revenue of $57 million, up ~445% year-over-year (more than 5x the same quarter last year). Combined revenue of $115 million across the last two quarters, exceeding total 2025 revenue.
Negative Updates
Continued Operating Losses and Negative Adjusted EBITDA
Reported gross loss of $44.4 million and adjusted gross loss of $39 million for Q1; adjusted EBITDA loss of $68 million — although improving materially YoY, the company remains unprofitable on an operating basis in the quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Top-Line Growth
Q1 revenue of $57 million, up ~445% year-over-year (more than 5x the same quarter last year). Combined revenue of $115 million across the last two quarters, exceeding total 2025 revenue.
Read all positive updates
Company Guidance
The company reaffirmed 2026 revenue guidance of $300–$400 million and provided several operational and financial milestones: Q1 revenue was $57 million (about 5x Q1 ’25 and +445% YoY) and the last two quarters totaled $115 million, cash on hand was $472 million with roughly $60 million expected to reconvert to the balance sheet via a DOE loan draw, PTC monetization and customer invoicing, and backlog at quarter end was $645 million (2.6 GWh) before the newly announced 2 GWh Frontier Power USA reservation; the commercial pipeline is $24 billion (107 GWh, +3% QoQ, +56% YoY). Production metrics improved meaningfully—cube output +17% sequential (+467% YoY vs Q1’25), direct labor per cube -47% YoY and -25% QoQ, direct/indirect labor hours per cube -54%, manufacturing overhead per cube -43% YoY (but +10% QoQ), material cost +4% YoY and -5% QoQ—and gross loss was $44.4 million (adjusted gross loss $39 million) with a ~$10 million QoQ improvement (18% dollar improvement QoQ), adjusted EBITDA loss was $68 million (big margin improvement), and net income reflected a $509 million mark‑to‑market benefit; cumulative discharged energy on Eos tech is ~6 GWh across ~3.9 million cycles (Z3 = 0.5 GWh, >1M cycles). Technology and field upgrades (DawnOS + module‑level BMS) lifted round‑trip efficiency from ~34–42% (pre) to the low‑mid 70s on average (max ~88%) while reducing standard deviation from >17 pts to ~5–8 pts and compressing the average‑to‑peak gap from ~30 pts to ~10, and Thorn Hill line 2 initial production is targeted end of Q2 with full production in Q4. Frontier’s day‑1 capital structure contemplates $100 million from Cerberus, a $150 million Eos pro‑rata rights offering, an Ariel Green (Lloyd’s) technology performance insurance wrap, and senior project debt targeted at >$1 billion with ~5x leverage and investment‑grade characteristics.Eos Energy Enterprises Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 160.71M | 114.20M | 15.61M | 16.38M | 17.92M | 4.60M |
| Gross Profit | -163.72M | -143.84M | -83.26M | -73.42M | -135.34M | -41.88M |
| EBITDA | -842.84M | -241.42M | -158.22M | -136.07M | -207.60M | -115.48M |
| Net Income | -475.90M | -969.65M | -685.87M | -229.51M | -229.81M | -124.22M |
Balance Sheet | ||||||
| Total Assets | 799.32M | 885.20M | 260.32M | 186.49M | 106.79M | 169.18M |
| Cash, Cash Equivalents and Short-Term Investments | 450.43M | 602.63M | 74.29M | 69.47M | 17.08M | 104.83M |
| Total Debt | 642.89M | 834.69M | 320.40M | 208.71M | 181.07M | 113.52M |
| Total Liabilities | 1.09B | 1.76B | 1.33B | 297.29M | 239.50M | 136.73M |
| Stockholders Equity | -285.77M | -877.32M | -1.07B | -110.80M | -132.71M | 32.45M |
Cash Flow | ||||||
| Free Cash Flow | -385.92M | -264.97M | -187.09M | -174.48M | -216.93M | -131.74M |
| Operating Cash Flow | -302.00M | -211.19M | -153.94M | -145.02M | -196.86M | -116.15M |
| Investing Cash Flow | -84.91M | -54.69M | -33.19M | -29.46M | -17.17M | -23.34M |
| Financing Cash Flow | 747.60M | 787.09M | 205.83M | 227.92M | 139.54M | 123.32M |
Eos Energy Enterprises Technical Analysis
Positive
7.16
Price Trends
6.37
Positive
9.29
Negative
10.59
Negative
Market Momentum
0.32
Negative
57.53
Neutral
33.75
Neutral
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 7.16 is below the 20-day moving average (MA) of 7.28, above the 50-day MA of 6.37, and below the 200-day MA of 10.59, indicating a neutral trend. The MACD of 0.32 indicates Negative momentum. The RSI at 57.53 is Neutral, neither overbought nor oversold. The STOCH value of 33.75 is Neutral, 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 49 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $1.32B | -4.17 | -26.54% | ― | 48.29% | 11.56% | |
55 Neutral | $486.41M | 2.59 | -10.76% | ― | -10.44% | 67.16% | |
54 Neutral | $2.27B | -114.39 | -40.40% | ― | 172.57% | 25.87% | |
53 Neutral | $2.74B | 0.83 | 41.51% | ― | 725.76% | 20.97% | |
53 Neutral | $1.46B | -8.17 | -0.28% | ― | 49.88% | 27.54% | |
51 Neutral | $5.27B | -3.20 | -139.28% | ― | 15.19% | 42.87% |
* Industrials Sector Average
EOSE
Eos Energy Enterprises
8.06
2.17
36.84%
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Eos Energy Enterprises Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Eos Energy Forms Frontier Power USA Battery Joint Venture
Positive
May 13, 2026
On May 12–13, 2026, Eos Energy Enterprises detailed plans to form Frontier Power USA, a U.S. long-duration battery project platform jointly owned with Cerberus affiliate CCM Frontier and capitalized with $100 million from Cerberus plus an an...
Executive/Board Changes
Eos Energy Appoints Alessandro Lagi as New CFO
Positive
Apr 30, 2026
On April 30, 2026, Eos Energy Enterprises announced that Alessandro Lagi has been appointed Chief Financial Officer effective June 8, 2026, succeeding interim CFO Nathan Kroeker, who will remain Chief Commercial Officer. Lagi brings extensive glob...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Eos Energy Announces Record Q1 Revenue and Expansion Milestones
Positive
Apr 9, 2026
On April 9, 2026, Eos Energy Enterprises said it expected preliminary first-quarter 2026 revenue of $56 million to $57 million, driven by record shipments and manufacturing output that built on operational gains achieved in late 2025. The company ...
Business Operations and StrategyExecutive/Board Changes
Eos Energy Updates Chief Administration Officer Employment Agreement
Neutral
Mar 31, 2026
On March 30, 2026, Eos Energy Enterprises, Inc. and its subsidiaries entered into a new employment agreement with Chief Administration Officer Michelle Buczkowski, replacing her prior offer letter and setting her annual base salary at $385,000, wi...
Business Operations and StrategyExecutive/Board Changes
Eos Energy Adds Cybersecurity Expert Nate Fick to Board
Positive
Mar 26, 2026
Eos Energy Enterprises, Inc. appointed Nathaniel (Nate) Fick as an independent Class III director to its Board, effective March 24, 2026, expanding the Board to eleven members and assigning him to the Nominating and Corporate Governance Committee....
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.