Eos Energy Enterprises is trading 5.9% down at $3.70 amid a broader risk-off session.
- The Nasdaq Composite is down 1.37% and the S&P 500 is down 0.67%.
- B. Riley cut its price target to $5 from $8 after Eos reported a larger-than-expected second-quarter loss.
- Geopolitical tensions, elevated borrowing costs and supply-chain disruption weigh on risk-sensitive stocks globally; the energy-sector rally is not supporting Eos’s battery-storage shares. No new company announcement on August 18 directly explains the intraday decline.