Eos Energy (EOSE) Drops 9.7%, Investors Unload Ahead of Tax Credit Deadline

Core Viewpoint - Eos Energy Enterprises, Inc. (NASDAQ:EOSE) is experiencing significant stock price volatility as investors engage in profit-taking ahead of the impending deadline for residential clean energy tax credits, which is expected to negatively impact sales in the future [1][3]. Group 1: Stock Performance - Eos Energy's stock fell by 9.69% on Monday, closing at $13.60, following a four-day rally as investors began to unload their portfolios [1]. - The expiration of the 30% tax credits for battery storage systems by December 31 is anticipated to adversely affect Eos Energy's battery business [2]. Group 2: Financial Performance - In Q3, Eos Energy reported a net loss attributable to shareholders of $641.39 million, an increase of 87% from $342.87 million in the same period last year, largely due to a $572.3 million non-cash impact from fair value adjustments [4]. - Revenues surged by 3,472% to $30.51 million from $854,000 in the same period last year, primarily driven by production efficiencies [5].