Stifel Affirms 'Buy' rating on Eos Energy Enterprises (EOSE) Amid Capital injection

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) is one of the best green energy penny stocks to buy right now. On July 2, Stifel reiterated a ‘Buy’ rating on the stock and an 8.50 price target. The bullish stance comes as the stock shows impressive momentum following a receipt of additional government funding. A technician wearing a safety vest standing alongside a commercial-scale energy storage stack. The company has secured $22.7 million in funding as part of the U.S. Department of Energy’s (DOE) Loan Programs Office. It marks the second time Eos Energy Enterprises has secured financing under the facility. It has already utilized $90.8 million under the initial tranche of a $303.5 million loan facility. Eos Energy is to use the new funding to support capacity expansion efforts as it seeks to meet the growing demand for its solutions. The company is in the process of scaling its manufacturing capabilities. It has also made significant progress in strengthening its balance sheet. Eos Energy Enterprises, Inc. (NASDAQ:EOSE) specializes in the designing, manufacturing, and marketing of zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial applications. It provides long-duration energy storage systems, primarily using its Znyth zinc battery technology. While we acknowledge the potential of EOSE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market. Disclosure: None. This article is originally published at Insider Monkey.