BTCC
/
BTCC Square
/
Global Cryptocurrency
/
EOS Energy Stock Jumps 8% on Analyst Bullishness and Factory Progress
EOS Energy Stock Jumps 8% on Analyst Bullishness and Factory Progress
14
2
[TRADE_PLUGIN]EOSUSDT,EOSUSDT[/TRADE_PLUGIN]
EOS News - EOS Energy Enterprises (EOSE) shares surged over 8% on Friday, significantly outperforming the S&P 500's modest gains. The rally followed Stifel analyst Stephen Gengaro raising his price target to $10 from $8.50 after a factory visit where he observed efficient operations and strong progress in capacity expansion. The energy storage company is demonstrating solid execution capabilities with its state-of-the-art assembly line, according to the analyst. This upgrade follows Guggenheim's Joseph Osha similarly raising his target to $10 earlier this month, maintaining buy ratings across Wall Street as institutional confidence grows in EOS's production ramp-up momentum.
By:
