Why Eos Energy Shares Are Surging Today

by Akanksha Bakshi, Benzinga Editor

July 6, 2022 10:13 AM | 1 min read |

Eos Energy Enterprises, Inc. EOSE has signed two large orders totaling 1.1 GWh of energy storage capacity to be delivered over the next three years with Bridgelink Commodities, LLC and a Northeast solar developer.
Bridgelink raised its multi-year master supply agreement to 1 GWh for deliveries over the next three years, including a $181 million incremental order value for new project installations.
Eos will also manufacture a separate 40MWh order for $13 million for delivery in the fourth quarter of 2022.
Additionally, a 300 MWh MSA was signed with a Northeast solar developer for front-of-the-meter stand-alone storage and solar plus storage applications.
Price Action: EOSE shares are trading higher by 33% at $1.67 on the last check Wednesday.

Posted In:

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.