Why Eos Energy Shares Are Surging Today

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.