Summary
Eos Energy (EOSE) has shown strong technical buy signals, gaining 70.78% since 12/9, with a 470.14% gain in the last year.
The company offers innovative zinc-based energy storage solutions, including the Gen 2.3 and Z3 battery modules, targeting utility-scale and commercial applications.
Analysts are mixed: 4 strong buys, 1 buy, 3 holds, but some firms rate it below average or overvalued; market cap is $1.25 billion.
Revenue is expected to grow 1,300.57% next year; earnings to increase 13.56% this year and 85.50% next year.
The Chart of the Day belongs to the energy storage company Eos Energy (EOSE) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 12/9 the stock gained 70.78%.
EOSE Price vs Daily Moving Averages:
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 265.07+ Weighted Alpha
- 470.14% gain in the last year
- Trend Seeker buy signal
- 2.09 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 93.52% in the last month
- Relative Strength Index 78.75%
- Technical support level at $5.36
- Recently traded at $5.67 with 50 day moving average of $3.36
Fundamental Factors:
- Market Cap $1.25 billion
- Revenue expected to grow 1,300.57% next year
- Earnings estimated to increase 13.56% this year and an additional 85.50% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall street analysts issued 4 strong buy, 1 buy and 3 hold opinions on the stock
- Their price targets are between $2 and $7
- Value LIne rates the stock below average
- CFRA's MarketScope has a strong sell
- MorningStar thinks the stock is 69% over valued
- 6,660 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
