Want to see EOSE full AI Analyst Report?
Top Page
Eos Energy Enterprises
(NASDAQ:EOSE)
Select Model
Select Model
Rating:49Neutral
Price Target:
$6.00
▼(-16.20% Downside)
Action:Reiterated
Date:07/01/26
EOSE’s score is primarily constrained by weak financial performance: deeply negative gross margins, heavy cash burn, and a highly leveraged/negative-equity balance sheet. The earnings call adds support via strong revenue momentum, reaffirmed guidance, and operational/technology improvements, but execution and funding needs remain significant. Valuation is also challenged by losses (negative P/E), while technical conviction is limited due to missing indicator data and elevated volatility.
Positive Factors
Revenue growth & backlog
Sustained, large-scale demand underpins long-term revenue visibility: rapid quarterly revenue scaling and a $645M backlog plus a $24B pipeline show durable commercial traction in long-duration storage, improving the probability of continued multi-year contract conversions and steady revenue growth.
Negative Factors
Severe operating losses & cash burn
Persistent large cash outflows and deeply negative margins threaten sustainability: ongoing operating and free cash burn requires continual external funding, constraining runway and forcing prioritization of financing over organic investment unless margins turn positive and cash generation improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & backlog
Sustained, large-scale demand underpins long-term revenue visibility: rapid quarterly revenue scaling and a $645M backlog plus a $24B pipeline show durable commercial traction in long-duration storage, improving the probability of continued multi-year contract conversions and steady revenue growth.
Read all positive factors
Eos Energy Enterprises (EOSE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.00B
Dividend YieldN/A
Average Volume (3M)30.38M
Price to Earnings (P/E)―
Beta (1Y)2.55
Revenue Growth725.76%
EPS Growth20.97%
CountryUS
Employees430
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-4.37
Shares Outstanding339,514,040
10 Day Avg. Volume25,752,218
30 Day Avg. Volume30,377,189
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)-3.41
Price to Sales (P/S)26.17
P/FCF Ratio-11.28
Enterprise Value/Market Cap1.09
Enterprise Value/Revenue13.53
Enterprise Value/Gross Profit-13.28
Enterprise Value/Ebitda-7.89
Forecast
1Y Price Target
$9.20Price Target Upside28.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.33
Revenue Forecast (FY)$314.48M
Eos Energy Enterprises Business Overview & Revenue Model
Company Description
Eos Energy Enterprises, Inc., a U.S.-based company, focuses on the creation, production, and implementation of battery storage solutions. These systems are designed for diverse clients across the utility, commercial and industrial, and renewable e...
How the Company Makes Money
Eos Energy Enterprises makes money primarily by selling battery energy storage systems and related services to customers deploying energy storage projects. Revenue is generated from (1) product sales of its energy storage hardware (battery modules...
Eos Energy Enterprises Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful commercial and operational momentum: strong revenue growth, sizable pipeline and backlog, important technical validation (DawnOS and Z3) that improves efficiency and financeability, and a strategic financing/execution vehicle (Frontier Power USA) designed to accelerate project closings. At the same time, the company remains unprofitable at the adjusted EBITDA and gross-loss level, is executing costly system upgrades across the fleet, requires additional capital (rights offering) and relies on successful execution of the Frontier structure and debt/insurance layers to realize bankability and order conversion. Overall the positives — rapid revenue scaling, technical performance gains, manufacturing productivity improvements, and a large, long-duration-focused pipeline — materially outweigh the remaining operational losses and financing risks in the near term.Positive Updates
Strong Top-Line Growth
Q1 revenue of $57 million, up ~445% year-over-year (more than 5x the same quarter last year). Combined revenue of $115 million across the last two quarters, exceeding total 2025 revenue.
Negative Updates
Continued Operating Losses and Negative Adjusted EBITDA
Reported gross loss of $44.4 million and adjusted gross loss of $39 million for Q1; adjusted EBITDA loss of $68 million — although improving materially YoY, the company remains unprofitable on an operating basis in the quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Top-Line Growth
Q1 revenue of $57 million, up ~445% year-over-year (more than 5x the same quarter last year). Combined revenue of $115 million across the last two quarters, exceeding total 2025 revenue.
Read all positive updates
Company Guidance
The company reaffirmed 2026 revenue guidance of $300–$400 million and provided several operational and financial milestones: Q1 revenue was $57 million (about 5x Q1 ’25 and +445% YoY) and the last two quarters totaled $115 million, cash on hand was $472 million with roughly $60 million expected to reconvert to the balance sheet via a DOE loan draw, PTC monetization and customer invoicing, and backlog at quarter end was $645 million (2.6 GWh) before the newly announced 2 GWh Frontier Power USA reservation; the commercial pipeline is $24 billion (107 GWh, +3% QoQ, +56% YoY). Production metrics improved meaningfully—cube output +17% sequential (+467% YoY vs Q1’25), direct labor per cube -47% YoY and -25% QoQ, direct/indirect labor hours per cube -54%, manufacturing overhead per cube -43% YoY (but +10% QoQ), material cost +4% YoY and -5% QoQ—and gross loss was $44.4 million (adjusted gross loss $39 million) with a ~$10 million QoQ improvement (18% dollar improvement QoQ), adjusted EBITDA loss was $68 million (big margin improvement), and net income reflected a $509 million mark‑to‑market benefit; cumulative discharged energy on Eos tech is ~6 GWh across ~3.9 million cycles (Z3 = 0.5 GWh, >1M cycles). Technology and field upgrades (DawnOS + module‑level BMS) lifted round‑trip efficiency from ~34–42% (pre) to the low‑mid 70s on average (max ~88%) while reducing standard deviation from >17 pts to ~5–8 pts and compressing the average‑to‑peak gap from ~30 pts to ~10, and Thorn Hill line 2 initial production is targeted end of Q2 with full production in Q4. Frontier’s day‑1 capital structure contemplates $100 million from Cerberus, a $150 million Eos pro‑rata rights offering, an Ariel Green (Lloyd’s) technology performance insurance wrap, and senior project debt targeted at >$1 billion with ~5x leverage and investment‑grade characteristics.Eos Energy Enterprises Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 160.71M | 114.20M | 15.61M | 16.38M | 17.92M | 4.60M |
| Gross Profit | -163.72M | -143.84M | -83.26M | -73.42M | -135.34M | -41.88M |
| EBITDA | -275.41M | -930.30M | -158.22M | -136.07M | -207.60M | -115.48M |
| Net Income | -475.90M | -969.65M | -685.87M | -229.51M | -229.81M | -124.22M |
Balance Sheet | ||||||
| Total Assets | 799.32M | 885.20M | 260.32M | 186.49M | 106.79M | 169.18M |
| Cash, Cash Equivalents and Short-Term Investments | 450.43M | 602.63M | 74.29M | 69.47M | 17.08M | 104.83M |
| Total Debt | 642.89M | 834.69M | 320.40M | 208.71M | 181.07M | 113.52M |
| Total Liabilities | 1.09B | 1.76B | 1.33B | 297.29M | 239.50M | 136.73M |
| Stockholders Equity | -285.77M | -877.32M | -1.07B | -110.80M | -132.71M | 32.45M |
Cash Flow | ||||||
| Free Cash Flow | -385.92M | -264.97M | -187.09M | -174.48M | -216.93M | -131.74M |
| Operating Cash Flow | -302.00M | -211.19M | -153.94M | -145.02M | -196.86M | -116.15M |
| Investing Cash Flow | -84.91M | -54.69M | -33.19M | -29.46M | -17.17M | -23.34M |
| Financing Cash Flow | 747.60M | 787.09M | 205.83M | 227.92M | 139.54M | 123.32M |
Eos Energy Enterprises Technical Analysis
Negative
7.16
Price Trends
7.28
Negative
7.43
Negative
10.67
Negative
Market Momentum
-0.33
Positive
39.50
Neutral
8.99
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EOSE, the sentiment is Negative. The current price of 7.16 is above the 20-day moving average (MA) of 7.09, below the 50-day MA of 7.28, and below the 200-day MA of 10.67, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 39.50 is Neutral, neither overbought nor oversold. The STOCH value of 8.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EOSE.
Eos Energy Enterprises Risk Analysis
Eos Energy Enterprises disclosed 49 risk factors in its most recent earnings report. Eos Energy Enterprises reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Eos Energy Enterprises Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | $389.79M | -8.83 | -10.76% | ― | -10.44% | 67.16% | |
52 Neutral | $1.32B | -7.46 | -67.92% | ― | 49.88% | 27.54% | |
49 Neutral | $2.00B | -1.32 | 41.50% | ― | 725.76% | 20.97% | |
49 Neutral | $2.43B | -5.67 | -31.69% | ― | 29.71% | 11.38% | |
49 Neutral | $1.96B | -45.51 | -40.40% | ― | 172.57% | 25.87% | |
44 Neutral | $3.98B | ― | -139.28% | ― | 15.19% | 42.87% |
* Industrials Sector Average
EOSE
Eos Energy Enterprises
5.88
1.01
20.74%
FCEL
Fuelcell Energy
36.01
30.79
589.85%
PLUG
Plug Power
2.71
1.30
92.20%
MVST
Microvast Holdings
1.17
-2.41
-67.32%
ENVX
Enovix
6.07
-4.08
-40.20%
AMPX
Amprius Technologies Inc
13.86
9.95
254.48%
Eos Energy Enterprises Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Eos Energy gains key consents for Frontier financing
Positive
Jun 30, 2026
On June 26, 2026, Eos Energy Enterprises obtained a second limited consent from the U.S. Department of Energy under its existing loan guarantee agreement, enabling the company to offer common stock, issue related securities and warrants, and use t...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and FinancingShareholder Meetings
Eos Energy Shareholders Approve Proposals and Share Increase
Positive
Jun 5, 2026
At its June 3, 2026 annual stockholders’ meeting, Eos Energy Enterprises secured approval for all five proposals on the ballot, with about 77.6% of outstanding shares represented. Shareholders re-elected Class III directors Jeff Bornstein, C...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Eos Energy Forms Frontier Power USA Battery Joint Venture
Positive
May 13, 2026
On May 12–13, 2026, Eos Energy Enterprises detailed plans to form Frontier Power USA, a U.S. long-duration battery project platform jointly owned with Cerberus affiliate CCM Frontier and capitalized with $100 million from Cerberus plus an an...
Executive/Board Changes
Eos Energy Appoints Alessandro Lagi as New CFO
Positive
Apr 30, 2026
On April 30, 2026, Eos Energy Enterprises announced that Alessandro Lagi has been appointed Chief Financial Officer effective June 8, 2026, succeeding interim CFO Nathan Kroeker, who will remain Chief Commercial Officer. Lagi brings extensive glob...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Eos Energy Announces Record Q1 Revenue and Expansion Milestones
Positive
Apr 9, 2026
On April 9, 2026, Eos Energy Enterprises said it expected preliminary first-quarter 2026 revenue of $56 million to $57 million, driven by record shipments and manufacturing output that built on operational gains achieved in late 2025. The company ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.