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Investing.com - Guggenheim raised its price target on Eos Energy Enterprises (NASDAQ:EOSE) to $10.00 from $6.00 on Friday, while maintaining a Buy rating on the stock. The new target represents potential upside from the current price of $7.34, with the stock already showing impressive gains of 215% over the past year.
The price target adjustment follows Eos Energy’s recent financial results and subsequent discussions between Guggenheim and the company’s management team.
Despite slightly lowering its financial estimates for the energy storage company, Guggenheim cited "greater level of certainty" as the primary reason for the significant price target increase.
Guggenheim previously issued an initial comment on Eos Energy’s results, which remains available through the research firm’s distribution channels.
The research firm reiterated its Buy recommendation on Eos Energy Enterprises stock alongside the new price target.
In other recent news, Eos Energy Enterprises reported its Q2 2025 earnings, which fell short of expectations. The company posted an earnings per share (EPS) of -1.05, significantly missing the projected -0.1371, marking a 665.86% negative surprise. Revenue also fell short, coming in at $15.24 million compared to the anticipated $25.11 million, a 39.31% shortfall. In management changes, Eos Energy appointed John Mahaz as the new Chief Operating Officer. Mahaz brings over three decades of experience from Jabil Inc., where he managed operations across Europe and the Americas. Additionally, Jefferies initiated coverage on Eos Energy with a Hold rating, setting a price target of $6.50. The firm noted near-term challenges as Eos Energy works on scaling its technology. These developments highlight significant changes and challenges for Eos Energy Enterprises.
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