As previously reported, B. Riley downgraded Eos Energy to Neutral from Buy with a price target of $4, up from $3. The analyst calls the downgrade “somewhat tactical” with the shares up 230% year-to-date. The stock is now fully reflecting a Department of Energy loan win, the analyst tells investors in a research note. While FBR sees high odds of Eos receiving the loan, the firm is cautious in the near term, saying the company is now trading at a premium to storage peers.
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