Eos Energy initiated with a Buy at Roth MKM

Roth MKM initiated coverage of Eos Energy with a Buy rating and $6.00 price target. The company has proven technology with backlog in place, but the primary overhang relates to near-term financing needs ahead of conditional DOE funding for a first automated line, the analyst tells investors in a research note. The firm is positive on the risk/reward for Eos Energy, expecting this funding to come to fruition.