Stifel raised the firm’s price target on Eos Energy to $15 from $13 and keeps a Buy rating on the shares. Eose received a conditional commitment from the Department of Energy for a loan approval for $398.M and, in conjunction, announced project AMAZE, the analyst tells investors. While the firm believes the shares will remain volatile in the near-term, Stifel sees the loan as a “significant de-risking event.”
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Read More on EOSE:
- Eos Energy (NASDAQ:EOSE) Soars on $500M Capacity Expansion Project
- Eos Energy price target raised to $5 from $4 at B. Riley
- Eos Energy upgraded to Buy at Guggenheim after DOE conditional loan commitment
- Eos Energy upgraded to Buy from Neutral at Guggenheim
- Eos Energy jumps 44% to $4.66 after announcing $500M ‘Project AMAZE’