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Eos Energy Enterprises, Inc. - EOSE STOCK NEWS

Welcome to our dedicated page for Eos Energy Enterprises news (Ticker: EOSE), a resource for investors and traders seeking the latest updates and insights on Eos Energy Enterprises stock.

Eos Energy Enterprises, Inc. (NASDAQ: EOSE) is a pioneering firm dedicated to revolutionizing the energy storage landscape with innovative and sustainable solutions. Founded in 2008 and headquartered in Edison, New Jersey, Eos designs, develops, manufactures, and markets zinc-based energy storage systems tailored for utility-scale, microgrid, and commercial & industrial (C&I) applications.

At the heart of Eos' offerings is the Znyth™ aqueous zinc battery, a breakthrough technology engineered to surpass the limitations inherent in traditional lithium-ion batteries. Featuring a proprietary rechargeable zinc hybrid cathode, the Znyth battery is noted for its safety, scalability, efficiency, and sustainability. It is capable of over 5,000 cycles, which translates to a lifespan of approximately 15 years, and is sold at an economical rate of $160/kWh.

Eos' flagship product, the Eos Znyth, is a stationary battery energy storage system primarily employed in the utility sector, the renewable energy industry, and the industrial sector. These systems provide a reliable and cost-efficient energy storage solution for 3 to 12-hour applications, making clean and reliable electricity more accessible and affordable.

Recent achievements include the company's solid financial performance with a 41% year-over-year improvement in full-year gross margins. Eos also completed the Factory Acceptance Testing on its state-of-the-art manufacturing line 1 and is on track for its Q2 commissioning. Moreover, Pine Gate Renewables has committed to 500 MWh of Eos energy storage systems over the next five years.

Eos continues to enhance its market position through strategic partnerships and innovations. Its products are manufactured in the U.S., ensuring quality and reliability for its diverse customer base, which includes utility companies, industrial firms, and commercial enterprises.

For more details, visit the official Eos Energy Enterprises website.

News

Eos Energy Enterprises Join Forces with SABIC Specialties to Produce a Specialty Light-Weight, Conductive Composite Thermoplastic for Eos Z3TM Battery

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Eos Energy Enterprises, Inc. (NASDAQ: EOSE) has entered a multiyear supply agreement with SABIC Specialties’ US business unit to supply conductive composite thermoplastic for the Eos Z3 battery module. This agreement supports scaling Eos’s Z3 battery production and reducing battery module cost as part of Project AMAZETURTLE CREEK. The new material developed by SABIC weighs 80% less than prior product generations, allowing streamlined manufacturing, lower cost, and higher performance. This partnership is part of Eos's strategy to move towards profitability outlined in its Dec. 12 Strategic Outlook.
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Eos Energy Enterprises and TETRA Technologies, Inc. Extend Partnership, Expanding Electrolyte Production Capacity

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Eos Energy Enterprises, Inc. (NASDAQ: EOSE) expands partnership with TETRA Technologies, Inc. (NYSE: TTI) to establish TETRA as the preferred strategic supplier of electrolyte products for Eos's new Eos Z3™ long duration energy storage cube, with TETRA expected to supply a minimum of 75% of the total electrolyte product demand. This partnership aims to achieve growth, reduce cost, and improve overall performance of the battery, with TETRA's investment in expanded bromine production better positioning Eos to achieve necessary scale over the next several years. The agreement supports progress on the Company's path to profitability and includes favorable pricing and cost savings allocation methodologies, with the potential for extending the agreement beyond the initial four-year term.
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Eos Energy and Partner4Work Collaborate on Green Technology Career Development

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Eos Energy Enterprises, Inc. (NASDAQ: EOSE) announced a joint commitment with Partner4Work to establish a $500,000 training program to upskill the workforce for Eos’ manufacturing facility in the Mon Valley. The program leverages federal grant awards and aims to enhance existing programs as well as develop new ones to fill gaps in Western Pennsylvania workforce development capabilities.
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Eos Energy Announces Pricing of $50 Million Public Offering

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Eos Energy Enterprises, Inc. (NASDAQ: EOSE) announced the pricing of an underwritten public offering of 34,482,759 shares of its common stock and accompanying common warrants. The combined offering price to the public is $1.45 per share, with an exercise price of $1.60 per share for the common warrants. Eos expects to receive total gross proceeds of approximately $50 million from the offering.
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Eos Energy Announces Launch of Proposed $40M Public Offering

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Eos Energy Enterprises, Inc. (NASDAQ: EOSE) announced a proposed underwritten public offering to sell shares of its common stock and accompanying common warrants. The offering is subject to market conditions and is managed by TD Cowen and Stifel. The securities are being offered pursuant to a registration statement on Form S-3 previously filed and declared effective by the Securities and Exchange Commission.
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Eos Energy and Pine Gate Renewables Announce Partnership Expansion

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Eos Energy Enterprises, Inc. (NASDAQ: EOSE) and Pine Gate Renewables have signed an MOU to expand their partnership with a minimum additional volume of 500MWh. The partnership reflects positive collaboration and trust between the two companies and represents the future potential of American-manufactured energy storage.
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Eos Energy Enterprises Confirms Timing for Strategic Outlook Call

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Eos Energy Enterprises, Inc. (NASDAQ: EOSE) will host a strategic outlook call on December 12, 2023, at 11 a.m. Eastern Time, as a precursor event to the Company’s Investor Day tentatively scheduled for Q2 2024. The webcast replay will be available on the Company’s Investor Relations website for twelve months following the live presentation.
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Eos Energy Enterprises Reports Third Quarter 2023 Financial Results

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Eos Energy Enterprises, Inc. announced financial results for Q3 2023, with revenue of $0.7 million and a cost of goods sold decrease of 57% YoY. The company reported operating expenses of $17.3 million and a cash balance of $58.0 million. Booked orders for the first nine months of 2023 were $92.7 million, resulting in an order backlog of $539 million. The company provided an update to its 2023 outlook, expecting lower revenue and booked orders due to focusing on customer commitments and manufacturing line launch. Eos also received a conditional commitment for a $399 million loan from the DOE LPO.
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Eos Energy Enterprises Confirms Timing for Third Quarter 2023 Financial Results Call and Upcoming Event Participation

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Eos Energy Enterprises, Inc. will release its Q3 2023 financial results on November 6, 2023, followed by a conference call on November 7. CEO Joe Mastrangelo will be speaking at an energy event on November 8. The earnings call will be available via webcast and phone.
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Eos Energy Enterprises Announces Dates for Third Quarter 2023 Financial Results and Strategic Update Call

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Eos Energy Enterprises, Inc. announces release of Q3 2023 financial results and strategic update call
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FAQ

What is the current stock price of Eos Energy Enterprises (EOSE)?

The current stock price of Eos Energy Enterprises (EOSE) is $2.51 as of November 21, 2024.

What is the market cap of Eos Energy Enterprises (EOSE)?

The market cap of Eos Energy Enterprises (EOSE) is approximately 530.6M.

What does Eos Energy Enterprises, Inc. specialize in?

Eos Energy Enterprises specializes in designing, developing, manufacturing, and marketing zinc-based energy storage solutions for various applications including utility-scale, microgrid, and commercial & industrial sectors.

What is the key technology behind Eos' products?

The key technology behind Eos' products is the Znyth™ aqueous zinc battery, which is designed to overcome the limitations of conventional lithium-ion technology.

What sectors use Eos' energy storage solutions?

Eos' energy storage solutions are used in the utility sector, the renewable energy sector, and the industrial sector.

How long does the Znyth battery last?

The Znyth battery has a lifespan of over 5,000 cycles, which is approximately 15 years.

Where is Eos Energy Enterprises headquartered?

Eos Energy Enterprises is headquartered in Edison, New Jersey.

What recent achievements has Eos Energy Enterprises made?

Recent achievements include a 41% year-over-year improvement in full-year gross margins, completion of Factory Acceptance Testing on its state-of-the-art manufacturing line 1, and a commitment from Pine Gate Renewables for 500 MWh of energy storage systems over the next five years.

Are Eos' products manufactured in the U.S.?

Yes, Eos' products are manufactured in the U.S., ensuring high-quality and reliable energy storage solutions.

How affordable are Eos' energy storage solutions?

Eos' proprietary rechargeable zinc hybrid cathode battery is sold at approximately $160/kWh, making it an affordable option for energy storage.

How does Eos contribute to sustainability?

Eos contributes to sustainability by providing scalable, efficient, and environmentally-friendly energy storage solutions that facilitate the shift to clean energy.

Where can I find more information about Eos Energy Enterprises?

For more information, visit Eos Energy Enterprises' official website at https://eose.com.

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Eos Energy Enterprises, Inc.

Nasdaq:EOSE

EOSE Rankings

#3068 Ranked by Market Cap
N/A Ranked by Dividends

EOSE Stock Data

530.62M
209.84M
2.48%
32.83%
26.29%
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