Eos Energy price target raised to $12 from $6 at Roth Capital

Roth Capital analyst Chip Moore raised the firm’s price target on Eos Energy (EOSE) to $12 from $6 and keeps a Neutral rating on the shares. The firm continues to favor the company’s differentiated technology and domestic positioning, but it also views its execution and scaling risk as elevated near term following the recent strategic developments, exacerbated by inherent project timing constraints, the analyst tells investors in a research note. Roth adds that longer term, the strategic funding from Cerberus supports operational scaling and a potential path to profitability.