Eos Energy Enterprises Inc Stock Price, News & Analysis

Eos Energy Enterprises (NASDAQ: EOSE) announced a strategic collaboration with TETRA Technologies (NYSE: TTI) to enhance the manufacturing of Eos' Znyth® aqueous zinc battery, utilizing TETRA’s high-purity zinc-bromide. Eos reported a backlog exceeding $150 million and a $3.7 billion opportunity pipeline for energy storage solutions. The partnership aims to optimize sourcing and supply chain for the growing stationary storage market. Additionally, TETRA's significant bromine exploration target in Arkansas bolsters resource availability for Eos’ expansion and aligns with U.S. clean energy manufacturing initiatives.

Eos Energy Enterprises (NASDAQ: EOSE) has appointed Randall B. Gonzales as Chief Financial Officer, succeeding Sagar Kurada, effective January 11, 2022. CEO Joe Mastrangelo praised Gonzales for his proven track record and leadership skills, essential for Eos's strategic growth. Gonzales previously served as CFO at Lydall, Inc. and held significant roles at Caterpillar and Nissan. Kurada steps down after successfully leading Eos to its public offering, moving on to become CFO at Newlight Technologies. This transition is seen as a key step in Eos's commitment to advancing clean energy solutions.

AltEnergy Acquisition Corp. (NASDAQ: AEAEU, AEAE, AEAEW) announced that starting December 13, 2021, holders of its units can trade shares of Class A common stock and warrants separately on Nasdaq. The Common Stock will trade under the symbol 'AEAE' and the Warrants under 'AEAEW'. Units that remain unseparated will continue under 'AEAEU'. No fractional Warrants will be issued, and brokers must contact Continental Stock Transfer & Trust Company for separation. The release clarifies that this announcement does not constitute an offer to sell securities.

Eos Energy Enterprises, Inc. (NASDAQ: EOSE) supports the swift passage of the Build Back Better Act, which aims to boost domestic energy storage and create American jobs. CEO Joe Mastrangelo emphasizes the importance of developing zinc-based batteries for clean energy, stating that this legislation could change the landscape for American manufacturing. Eos, headquartered in Edison, NJ, produces these innovative batteries near Pittsburgh, PA, enabling reliable energy storage for various sectors. The company urges Congress to act to fulfill net-zero goals and enhance local employment.

Eos Energy Enterprises, Inc. (NASDAQ: EOSE) reported third-quarter 2021 results, announcing $137.4 million in booked orders year-to-date, with a backlog of $151.8 million. The company shipped $3.4 million worth of products and secured a significant order of 300 MWh from Blue Ridge Power. CEO Joe Mastrangelo noted that while demand for energy storage is strong, macroeconomic factors like labor and supply chain issues have caused project delays. Eos revised its year-end booked orders guidance to between $175 million and $300 million, while maintaining a focus on expanding manufacturing capacity and product development.

Eos Energy Enterprises (NASDAQ: EOSE) has secured its largest order to date, with Blue Ridge Power committing to purchase 300MWh of energy storage systems over two years. Installation will start in summer 2022 at a Pine Gate Renewables site. Eos's zinc-based Znyth® technology will support multiple projects in 2022 and 2023, offering safe, scalable, and sustainable energy solutions. The partnership aims to enhance American manufacturing and job creation in the energy storage sector, demonstrating confidence in Eos's innovative technology.

Eos Energy Enterprises, Inc. (NASDAQ: EOSE) announced the release date for its third quarter financial results, which will be available on November 10, 2021, before U.S. market opens. A conference call to discuss these results is scheduled for 8:30 a.m. ET on the same day. Additionally, CEO Joe Mastrangelo and CFO Sagar Kurada will participate in two upcoming investor conferences in December, focusing on energy and sustainability. Eos specializes in zinc-based energy storage systems, promoting clean energy solutions for various applications.

Eos Energy Enterprises has entered into a $25 million equipment financing agreement with Trinity Capital to enhance production of its Znyth® batteries. This financing is crucial for expanding Eos's manufacturing capabilities and balancing its capital allocation strategy. The Pittsburgh facility, near 80% of suppliers, will support long-duration energy storage solutions for diverse applications. Eos's CFO noted that increased manufacturing capacity will improve order management and delivery lead times. The partnership is seen as a significant step towards meeting the growing demand for clean energy storage.

Carlos Restrepo has been appointed Chief Technology Officer of Eos Energy Enterprises (NASDAQ: EOSE).

His role focuses on leading the research, development, and engineering functions. With nearly 20 years of experience and over 30 patents in electrical engineering, Restrepo aims to align Eos' technology with market demands for sustainable energy storage. His previous leadership at sonnen Inc. positions him to enhance Eos’ product roadmap amidst growing demand for clean energy solutions. Eos has developed the Znyth® aqueous zinc battery, a safe and efficient alternative to lithium-ion technology.