Eos Energy stock holds Buy rating at Stifel following debt refinancing

Investing.com - Eos Energy Enterprises (NASDAQ:EOSE) maintained its Buy rating at Stifel, which reiterated its $22.00 price target following the energy storage company’s recent balance sheet restructuring. The analyst target represents a potential 68% upside from the current price of $13.05, though InvestingPro analysis suggests the stock may be trading above its Fair Value. EOSE has delivered an extraordinary 413% return over the past year despite recent weakness.

Eos Energy priced a $525 million convertible senior note offering with a 1.75% coupon due in 2031 and a conversion price of $16.29, representing a 27.5% premium to the company’s closing price on November 19, 2025. The company, currently valued at $3.68 billion, has shown impressive revenue growth of 324% in the last twelve months.

The company simultaneously completed an equity offering of approximately 35.9 million shares priced at $12.78 per share, using the combined proceeds to repurchase $200 million of its existing 2030 senior convertible notes for about $564.6 million.

Eos Energy plans to use the remaining cash for general corporate purposes, including expanding its manufacturing capabilities to meet increasing demand for its energy storage solutions.

In a separate development disclosed in an 8-K filing on November 18, 2025, the Department of Energy received warrants to purchase 570,000 shares of Eos Energy Enterprises.

In other recent news, Eos Energy Enterprises announced the pricing of a registered direct offering, which is set to generate approximately $458.2 million. The offering involves 35,855,647 shares of common stock priced at $12.78 per share. Additionally, the company has launched a concurrent private offering of $525 million in convertible senior notes due 2031. These notes are senior, unsecured obligations with interest payable semi-annually. Eos Energy has also raised $76.9 million from the exercise of approximately 6.7 million public warrants. These warrants, which expired on November 17, 2025, had an exercise price of $11.50 per share. The company has provided an option for initial purchasers to buy up to an additional $75 million in notes. This series of financial maneuvers highlights Eos Energy’s ongoing efforts to strengthen its financial position.

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