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Eos Energy Enterprises Announces Date for Fourth Quarter and Full Year 2024 Financial Results
Globenewswire· 2025-02-18 14:00
Core Points - Eos Energy Enterprises, Inc. will release its fourth quarter and full year 2024 financial results on March 4, 2025, after the U.S. market closes, with a conference call scheduled for March 5, 2025, at 8:30 a.m. ET [1] - The company is partnering with Say Technologies to allow shareholders to submit and vote on questions prior to the earnings call, enhancing shareholder engagement [2] - The question submission period will open on February 25, 2025, and close on March 3, 2025, at 8:00 a.m. ET [3] Company Overview - Eos Energy Enterprises is focused on innovating energy storage solutions, specifically with its Znyth™ aqueous zinc battery, which aims to address the limitations of lithium-ion technology [5] - The company emphasizes its commitment to American energy independence and sustainable manufacturing practices, with products designed for utility, industrial, and commercial applications [5]
Eos Energy Secures Cerberus Delayed Draw Term Loan Full Funding, Continuing U.S. Manufacturing Capacity to Strengthen America’s Energy Independence
Globenewswire· 2025-01-27 13:57
Core Insights - Eos Energy Enterprises has successfully achieved all operational milestones to access the final $40.5 million of a $210.5 million Term Loan, reinforcing its leadership in American energy storage systems [1][2] - The company is focused on scaling production to meet strong customer demand for long-duration energy storage, supported by a fully funded term loan and a Department of Energy loan guarantee [2][3] - Cerberus Capital Management expresses strong confidence in Eos's progress and potential for revenue growth and profitability, viewing Eos as a leader in the battery space akin to "First Solar" [3] Financial and Operational Highlights - The $210.5 million Delayed Draw Term Loan (DDTL) is now fully funded, enabling Eos to expand U.S. production and operations [1][2] - Eos surpassed its January raw materials cost-out target by 6% and achieved manufacturing cycle times below 10 seconds, indicating operational efficiency [2] - The company is positioned to play a critical role in U.S. energy independence with its innovative Znyth™ aqueous zinc battery technology, which is safe, scalable, and sustainable [4] Strategic Outlook - Eos is executing Project AMAZE, which aims to scale production in response to increasing global demand for non-flammable energy storage alternatives [2][3] - The partnership with Cerberus is expected to enhance Eos's ability to meet the growing demand for energy storage solutions, particularly in light of national security concerns [3] - Eos's focus on American-made manufacturing aligns with recent governmental initiatives to support energy independence [3]
Eos Energy Secures Cerberus Delayed Draw Term Loan Full Funding, Continuing U.S. Manufacturing Capacity to Strengthen America's Energy Independence
Newsfilter· 2025-01-27 13:57
Core Insights - Eos Energy Enterprises has successfully achieved performance milestones that allow access to a final $40.5 million of a Delayed Draw Term Loan, supporting operations and production expansion [1] - The company is positioned for profitable growth with a fully funded $210.5 million DDTL and strong customer demand for long-duration energy storage [2] - Cerberus Capital Management expresses strong confidence in Eos's progress and potential for revenue growth and profitability, emphasizing the importance of American-made energy solutions [3] Financial Performance - Eos has surpassed its January raw materials cost-out target by 6% and achieved manufacturing cycle times below 10 seconds, indicating operational efficiency [2] - The company is leveraging cash from customer projects to fund working capital, enhancing its financial stability [2] Strategic Initiatives - Eos is executing Project AMAZE, which aims to scale production in response to strong customer demand for long-duration energy storage systems [2] - The company’s Znyth™ aqueous zinc battery technology is positioned as a safe and sustainable alternative to conventional lithium-ion batteries, contributing to energy independence [4] Market Position - Cerberus views Eos as a leader in the battery space, akin to "First Solar," highlighting the company's potential to innovate and lead in the energy storage market [3] - The demand for long-duration, non-flammable energy storage solutions is increasing, driven by national security concerns and the need for energy independence [3]
Eos Energy: This Small-Cap Will Keep Running In 2025 And Beyond
Seeking Alpha· 2025-01-24 07:31
If we can find a reliable and efficient way of storing energy it would revolutionize the market. Eos Energy Enterprises (NASDAQ: EOSE ) is perhaps the greatest bet on this being a possibility in the next few years atI work as an investment analyst for a mutual fund. I share the same thoroughness and precision in my daytime work as with my private work found primarily here on Seeking Alpha. My areas of expertise include the tech sector as well as the energy sector. I am not landlocked in my investment choice ...
Eos Energy Hits 52-Week High: Here's What's Driving the Stock
ZACKS· 2025-01-21 19:16
Shares of Eos Energy Enterprises (EOSE) hit a new 52-week high of $6.47 on Friday, before closing lower at $6.02. The EOSE stock has skyrocketed 473.3% in the past 12 months compared with the industry’s 4% growth and the S&P 500’s 24.7% rise. Meanwhile, the Industrial Products sector has rallied 15%.EOSE Stock’s One-Year Price Performance Image Source: Zacks Investment Research EOSE is currently trading above the 50-day and 200-day simple moving averages, signaling strong upward momentum and price stability ...
Eos Energy Enterprises (EOSE) Surges 18.5%: Is This an Indication of Further Gains?
ZACKS· 2025-01-17 14:40
Eos Energy Enterprises, Inc. (EOSE) shares ended the last trading session 18.5% higher at $6.16. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 28.7% gain over the past four weeks.EOSE shares jumped on the company’s announcement that it expects to deliver on its revised 2024 revenue guidance of $15 million supported by increased customer deliveries during the fourth quarter. In the third quarter, the company encou ...
Eos Energy Achieves Full-Year 2024 Revised Revenue Guidance and Provides 2025 Revenue Outlook of at Least 10x Full-Year 2024
Globenewswire· 2025-01-16 11:45
EDISON, N.J., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage (LDES) systems sourced and manufactured in the United States, today announced preliminary revenue results for the full-year ended December 31, 2024, and revenue outlook for 2025. The Company expects to achieve its revised $15 million revenue guidance for the full-year 2024 driven by ...
Eos Energy Enterprises Announces Upcoming Investor Participation
Globenewswire· 2025-01-09 12:30
Company Overview - Eos Energy Enterprises, Inc. is a leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States [4] - The company aims to accelerate the shift to American energy independence with its Znyth™ aqueous zinc battery, which is designed to overcome the limitations of conventional lithium-ion technology [4] - Eos provides utility, industrial, and commercial customers with a reliable energy storage alternative for applications lasting 3 to 12 hours [4] Upcoming Investor Events - Eos will participate in the 27th Annual Needham Growth Conference on January 16, 2025, where CEO Joe Mastrangelo and CFO Nathan Kroeker will present and hold 1x1 investor meetings [2] - Senior Vice President Justin Vagnozzi will speak on a virtual panel about Long Duration Energy Storage at the same conference [2] - A virtual fireside chat hosted by Robert W. Baird & Co. will feature CEO Joe Mastrangelo and CFO Nathan Kroeker on January 28, 2025 [3]
Eos Energy Announces Factory 2 Location Search Outside Mon Valley Works to Support Growing Demand for American Made Energy Storage Solutions
Globenewswire· 2024-12-20 13:45
Core Viewpoint - Eos Energy Enterprises, Inc. is expanding its manufacturing capabilities to meet the increasing demand for renewable energy storage solutions, focusing on American-made technology and energy independence [1][2][8]. Company Strategy - The company is searching for a new manufacturing facility, referred to as Factory 2 Works, in addition to expanding the Mon Valley Works under Project AMAZE [1][8]. - This expansion aims to enhance Eos's global competitiveness, create long-term job opportunities, and position the company as a leader in American-made energy storage [2][9]. Market Demand - There is an unprecedented surge in demand for energy storage solutions, particularly for long-duration energy storage systems that stabilize the grid and support renewable energy sources like wind and solar [2][8]. - Eos has secured 616 MWh in new customer orders and announced a partnership with FlexGen to address a preliminary 50 GWh market opportunity [10]. Technological Advantage - Eos's zinc-based technology provides a safe, secure, and cost-effective solution for energy storage challenges, designed for utility-scale, commercial, and industrial applications [2][11]. - The company's Znyth™ aqueous zinc battery is positioned as a reliable alternative to conventional lithium-ion technology, offering long-duration storage capabilities [11]. Economic Impact - The new facility is expected to generate hundreds of new jobs and contribute to local economic development while strengthening the nation's energy security and independence [9].
Eos Energy Announces $68.3 Million First Funding from its $303.5 Million Department of Energy Loan Guarantee
Newsfilter· 2024-12-19 21:41
TURTLE CREEK, Pa., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos" or the "Company"), America's leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, today announced that it has received the first loan advance from the Department of Energy's (DOE) Loan Programs Office in the amount of $68.3 million. The loan advance, which covers 80% of eligible costs incurred to date on t ...