Stifel团队对该公司第二季度1.33亿美元的订单、截至6月30日的5.86亿美元积压订单(同比增长10%)以及13.8亿美元(或52 GWh)的商业管道(同比增长40%)印象深刻。Stifel has released a research report, reiterating a "buy" rating for usa zinc battery energy developer Eos Energy with a target price of $6.
According to the Zhitong Finance app, Stifel has released a research report, reiterating a "buy" rating for usa zinc battery energy developer Eos Energy (EOSE.US), with a target price of $6. The bank stated that the growth of renewable energy and the battery storage demand to support the power grid will drive the demand for the company's zinc bromide batteries.
Stifel analyst Stephen Gengaro and his team stated that Eos Energy's backlog of orders and opportunities is strong. The company has made significant progress in expanding its first automated production line and added that recent funding from Cerberus along with a substantial loan from the Department of Energy has largely eliminated liquidity risk.
The Stifel team was impressed by the company's $133 million in orders for the second quarter, $586 million in backlog orders as of June 30 (10% year-on-year growth), and a commercial pipeline of $1.38 billion (or 52 GWh) (40% year-on-year growth).
Gengaro and his team also noted that the company is increasing the automated production line in Turtle Creek, Pennsylvania to 2 GWh, which represents a revenue potential of $400 million to $500 million per year.
