Eos Energy Q1 Preliminary Results, Expects Revenue Of $6.6M (vs. Cons. $6.3M) On Completion Of Shipments Of Its First Texas Project Owned By A Large North American Infrastructure Fund
Portfolio Pulse from Benzinga Newsdesk
Eos Energy announced its Q1 preliminary results, expecting revenue of $6.6M, surpassing the consensus estimate of $6.3M. This increase is attributed to the completion of shipments for its first Texas project, owned by a large North American infrastructure fund.
April 23, 2024 | 12:23 pm
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Eos Energy expects Q1 revenue of $6.6M, exceeding consensus estimates due to the completion of its Texas project.
The positive preliminary results announcement, especially exceeding consensus estimates, is likely to instill investor confidence and could lead to a short-term uptick in EOSE's stock price. The successful completion of a significant project adds to the positive outlook.
CONFIDENCE 90
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RELEVANCE 100