Eos Energy Enterprises (EOSE) -10.1% in Friday’s trading, its second straight sharp decline that totals more than 40%, after reporting much lower than expected Q4 adjusted earnings and revenues while initiating below-consensus FY 2026 revenue guidance of $300M-$400M.
Guggenheim analyst Joseph Osha downgraded shares to Neutral from Buy, saying Eos Energy (EOSE) is making operational progress, but management is “not paying sufficient attention to financial forecasting and public targets,” resulting in “disjointed and inconsistent financial information.”
The problem for Eos Energy (EOSE) investors is “the company’s continued inability to provide reasonable forecasts for its business,” saying management was “confidently reiterating a higher number well into the quarter, when manufacturing operations would have already been experiencing problems,” Osha wrote.
Weighing the stock’s valuation, Osha said he still sees a “sufficient chance of success” to support an unchanged 28x multiple based on our much lower 2029 EBITDA estimate, still discounted back to the present at 8% per annum,” which supports a Neutral rating.