Streetbeat News

EOSE

Eos Energy Enterprises, Inc.

https://www.eosenergystorage.com

Industry

Electrical Equipment & Parts

Eos Energy Enterprises, Inc. designs, manufactures, and deploys battery storage solutions for utility, commercial and industrial, and renewable energy markets in the United States. It offers stationary battery storage solutions. The company's flagship product is the Eos Znyth DC battery system designed to meet the requirements of the grid-scale energy storage market. Eos Energy Enterprises, Inc. was founded in 2008 and is headquartered in Edison, New Jersey.

Open

2.78

Mkt cap

579M

Volume

6.5M

High

2.80

P/E Ratio

-1.09

52-wk high

3.66

Low

2.59

Div yield

N/A

52-wk low

0.61

Eos Energy Enterprises has provided its financial outlook for FY24, projecting revenues between $60 million and $90 million, compared to the previous estimate of $67.453 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:57 pm

Eos Energy Enterprises (NASDAQ:EOSE) reported Q2 2024 GAAP EPS of $(0.25), missing the $(0.17) estimate by 47.06%. Sales were $898K, missing the $3.795M estimate by 76.34%, but up 260.64% from $249K last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:28 pm

Shares of The Charles Schwab Corporation (NYSE:SCHW) fell over 7% following their second-quarter results, which showed a decline in adjusted net income and EPS. Other stocks such as Yoshitsu Co., Ltd (NASDAQ:TKLF) and Silo Pharma, Inc. (NASDAQ:SILO) saw significant gains, while Cyngn Inc. (NASDAQ:CYN) and Autonomix Medical, Inc. (NASDAQ:AMIX) experienced notable declines.

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 5:06 pm

U.S. stocks were mixed on Friday, with the Dow Jones index falling around 90 points. Macy's shares rose sharply by 10.4% following an increased bid from Arkhouse Management and Brigade Capital Management. Other notable gainers included Koss Corporation, NANO Nuclear Energy, Sirius XM Holdings, and several others.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:02 pm

Eos Energy shares are trading higher after the company expanded a project with Indian Energy and the California Energy Commission.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 5:10 pm

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) has expanded its agreement with Indian Energy, adding 25 MWh of storage to an existing 35 MWh order, making the total project size 60 MWh. This expansion, funded by the California Energy Commission, aims to enhance grid resiliency for the Viejas Band of Kumeyaay Indians.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:10 pm

Roth MKM analyst Chip Moore maintains a Buy rating on Eos Energy Enterprises (NASDAQ:EOSE) with a $4.5 price target.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:13 pm

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) shares surged after announcing a strategic investment of up to $315.5 million from Cerberus Capital Management. The investment includes a $210.5 million delayed draw term loan and a $105 million revolver. The funding aims to enhance Eos' operational capabilities and market position.

Portfolio Pulse from Erica Kollmann

June 24, 2024 | 5:33 pm

Eos Energy Enterprises shares are trading higher following the announcement of a strategic investment of up to $315.5 million from an affiliate of Cerberus Capital Management.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 3:53 pm

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) shares surged by 20.3% following the announcement of a strategic investment of up to $315.5 million from Cerberus Capital Management. The investment will support Eos' growth plans, including scaling operations and enhancing profitability amidst rising global energy demands.

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 2:33 pm

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