Eos Energy Enterprises, Inc. (NASDAQ:EOSE) is considered one of the best green energy penny stocks to buy right now. Stifel reiterated a ‘Buy’ rating on the stock with an 8.50 price target on July 2. The company received additional government funding, leading to impressive momentum in the stock.
Eos Energy Enterprises secures $22.7 million in funding from the U.S. Department of Energy’s Loan Programs Office. This marks the second time the company has secured financing under this facility. The funding will support capacity expansion efforts to meet growing demand for its zinc-based energy storage solutions. Eos Energy specializes in designing, manufacturing, and marketing long-duration energy storage systems using its Znyth zinc battery technology.
Read more at Yahoo Finance: Stifel Affirms ‘Buy’ rating on Eos Energy Enterprises (EOSE) Amid Capital injection