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Investing.com - Eos Energy Enterprises (NASDAQ:EOSE) stock received a boost as Stifel reiterated its Buy rating and $22.00 price target following several significant supply agreements announced by the company. The stock has delivered impressive returns, surging over 368% in the past year, despite recent volatility. According to InvestingPro data, analyst targets for EOSE range from $6 to $22, with the consensus maintaining a moderate buy recommendation.
Eos Energy secured a supply agreement with MN8 Energy for up to 750 MWh of battery storage, with an initial project of approximately 200 MWh. Stifel estimates this agreement is worth approximately $180-200 million, compared to Eos’s existing backlog of $672.5 million at the end of the second quarter of 2025. With a market capitalization of $4.53 billion and a healthy current ratio of 2.23, InvestingPro analysis shows the company maintains strong liquidity despite operating losses. Subscribers can access 12 additional ProTips and comprehensive financial metrics for deeper insights.
The company also announced a strategic collaboration with Talen Energy to develop multiple GWh of long-duration energy storage capacity across Pennsylvania. This partnership will utilize Eos’s Z3 zinc battery technology and Talen’s generation portfolio to support growing power needs for data centers and AI infrastructure. The company’s revenue is forecast to grow by 8.36% in FY2025, though it maintains a relatively high beta of 2.29, indicating significant market sensitivity.
Eos Energy is advancing its "Project AMAZE" with the expansion of its U.S. manufacturing facility and development of a new software facility in Pennsylvania. The company secured a $24 million development package from the state of Pennsylvania, which is expected to create approximately 1,000 jobs and help scale operations to about 8 GWh of annualized energy-storage capacity.
Stifel also noted a positive read-through for TETRA Technologies (NYSE:TTI), which is the key supplier of Eos Energy’s electrolyte, as these new agreements support TETRA’s 2030 guidance to triple EBITDA to $300-350 million.
In other recent news, Eos Energy Enterprises has announced several strategic developments that are capturing attention. The company has secured a supply agreement with MN8 Energy for up to 750 MWh of zinc-based battery energy storage systems. This deal includes an initial 200 MWh of storage systems designed to provide renewable power for high-demand sectors like data centers and industrial facilities. Additionally, Eos Energy has partnered with Talen Energy to develop energy storage capacity in Pennsylvania, supporting the growing power needs of artificial intelligence infrastructure.
Eos Energy is also set to expand its U.S. manufacturing capabilities with a $24 million economic development package from the state of Pennsylvania and Allegheny County. This expansion includes a new 432,000-square-foot facility in Marshall Township, aiming to achieve 8 gigawatt-hours of annualized energy storage capacity. In related news, Stifel has raised its price target for Eos Energy from $10 to $22, maintaining a Buy rating. The increase is attributed to expected manufacturing progress and the rising demand for energy solutions in AI data centers.
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