Eos Energy Earns Compliance With Nasdaq Continued Listing Criteria

7/11/24 4:02:46 PM ET

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Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos" or the "Company"), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced that it received written notice from the Nasdaq Stock Market LLC ("Nasdaq") stating that the Company regained compliance with the minimum continued listing criteria set forth in Nasdaq Listing Rule 5550(a)(2) as of July 9, 2024, based on the closing bid price of the Company's common stock being at or above $1.00 per share for the 10 consecutive business days from June 24, 2024 to July 8, 2024.

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Recent Analyst Ratings for
$EOSE

Date	Price Target	Rating	Analyst
8/21/2024	$6.00	Buy	Stifel
9/5/2023		Buy → Neutral	Seaport Research Partners
9/1/2023	$10.00	Neutral → Buy	Guggenheim
6/30/2023	$3.00 → $4.00	Buy → Neutral	B. Riley Securities
6/2/2023	$2.50	Market Perform	TD Cowen
12/2/2022	$11.00	Buy	Stifel
3/22/2022		Neutral	Guggenheim
2/28/2022	$14.00 → $13.00	Buy	B. Riley Securities

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Press Releases

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Eos Energy Enterprises Reports Third Quarter 2024 Financial Results and Updates 2024 Outlook
Achieved Cerberus second tranche performance milestones; received incremental $65 million, providing essential capital to serve growing BESS demandAnnounced a 216 MWh purchase order with City Utilities of Springfield, Missouri, Eos' largest municipal community owned order to date; shipments expected to begin in 2025Working closely with Cerberus and the Department of Energy's Loan Programs Office, Eos has submitted critical final documents and expects loan closing in 2024Signed agreement with Cerberus Technology Solutions to develop integrated AI driven software to serve the growing energy needs of data centers and other essential segmentsWorking with major insurance company to launch suite o
11/5/24 4:02:00 PM ET
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Industrial Machinery/Components
Miscellaneous
Eos Energy Signs Agreement with City Utilities of Springfield, Missouri to Provide 216 MWh of Energy Storage
EDISON, N.J., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos" or the "Company"), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced a new customer agreement with City Utilities (CU) to provide 216 MWh of energy storage for two project sites in Missouri. "This new agreement with City Utilities demonstrates a great partnership designed to deliver safe technology to the citizens of Springfield, while achieving key deliverables for the municipality. It also marks Eos' largest municipal order to date and our first in the state of Missouri," said Justin Vagnozzi, Senior Vice Presid
11/5/24 4:01:00 PM ET
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Eos Energy Achieves Second Set of Performance Milestones Related to Cerberus Strategic Investment
TURTLE CREEK, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos" or the "Company"), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced the successful achievement of all four of the second performance milestones previously agreed upon between Eos and an affiliate of Cerberus Capital Management LP ("Cerberus") as part of Cerberus's strategic investment in the Company. Achieving these performance milestones enables the Company to draw an additional $65 million from the Delayed Draw Term Loan. About Eos Energy Enterprises Eos Energy Enterprises, Inc. is accelerating the shift
10/31/24 4:01:00 PM ET
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$EOSE
Financials

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Eos Energy Enterprises Reports Third Quarter 2024 Financial Results and Updates 2024 Outlook
Achieved Cerberus second tranche performance milestones; received incremental $65 million, providing essential capital to serve growing BESS demandAnnounced a 216 MWh purchase order with City Utilities of Springfield, Missouri, Eos' largest municipal community owned order to date; shipments expected to begin in 2025Working closely with Cerberus and the Department of Energy's Loan Programs Office, Eos has submitted critical final documents and expects loan closing in 2024Signed agreement with Cerberus Technology Solutions to develop integrated AI driven software to serve the growing energy needs of data centers and other essential segmentsWorking with major insurance company to launch suite o
11/5/24 4:02:00 PM ET
$EOSE
Industrial Machinery/Components
Miscellaneous
Eos Energy Enterprises Announces Date for Third Quarter 2024 Financial Results
EDISON, N.J., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos" or the "Company"), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced it will release its third quarter 2024 financial results after the U.S. market closes on November 5, 2024. A conference call to discuss its results will take place the following morning on November 6 at 8:30 a.m. Eastern Time. Registration Information A live webcast of the earnings call will be available on the "Investor Relations" page of the Company's website at https://investors.eose.com or may be accessed using this link (reg
10/22/24 4:01:00 PM ET
$EOSE
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Eos Energy Enterprises Reports Second Quarter 2024 Financial Results
EDISON, N.J., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos" or the "Company"), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced financial results for the second quarter ended June 30, 2024. Second Quarter Highlights Revenue totaled $0.9 million, 261% higher than prior year period driven by higher component and commissioning revenues. In Q2, the Company focused on transitioning and commissioning its first SotA manufacturing line and deferred production to conserve capital while finalizing the strategic investment by Cerberus.Cost of Goods Sold totaled $14.1 million, a 26
8/6/24 4:01:00 PM ET
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Leadership Updates

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Eos Energy Enterprises Appoints Jeff McNeil to Board of Directors
EDISON, N.J., Oct. 06, 2023 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos" or the "Company"), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced that Jeff McNeil, former Chief Operating Officer, and Executive Vice President of Enphase, has been appointed to the Eos Board of Directors, effective October 6, 2023. McNeil brings over 40 years of engineering, manufacturing, supply chain, quality, customer service and executive management experience in the semiconductor, disk drive, and solar industries holding various senior roles. Prior to Enphase, Jeff held an impressive 21-year tenure at Cy
10/6/23 10:30:00 AM ET
$EOSE
Industrial Machinery/Components
Miscellaneous
Heliogen Appoints Sagar Kurada as Chief Financial Officer and Head of Strategy
Energy and sustainability executive brings more than two decades of financial, strategic, and capital markets experience to support business growth Heliogen, Inc. (NYSE:HLGN) (the "Company"), a leading provider of AI-enabled concentrating solar energy technology, today announced the appointment of Sagar Kurada as Chief Financial Officer and Head of Strategy, effective immediately. Mr. Kurada succeeds Kelly Rosser, who has served as interim CFO since February 2023. Ms. Rosser will continue in her role as Chief Accounting Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230710967702/en/Sagar Kurada (Photo: Business Wire)
7/10/23 8:30:00 AM ET
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Electric Utilities: Central
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Eos Energy Enterprises Appoints Jeff Bornstein to Board of Directors
Bornstein brings over three decades of executive leadership experience, with significant focus on clean energy and global scale EDISON, N.J., Sept. 09, 2022 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos"), a leading provider of safe, scalable, efficient, and sustainable zinc-powered energy storage systems, today announced that Jeff Bornstein, former Chief Financial Officer and Vice Chairman of GE and Managing Partner at Generation Capital Partners and Whipstick Ventures has joined the Eos Board of Directors as of September 7, 2022. Bornstein is a longtime Eos champion and investor in Eos since 2019. Bornstein brings extensive experience advising clean energ
9/9/22 7:00:00 AM ET
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Eos Energy Earns Compliance With Nasdaq Continued Listing Criteria

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Recent Analyst Ratings for $EOSE

$EOSE Analyst Ratings

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Stifel resumed coverage on Eos Energy with a new price target

Eos Energy downgraded by Seaport Research Partners

Eos Energy upgraded by Guggenheim with a new price target

$EOSE Large Ownership Changes

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Amendment: SEC Form SC 13D/A filed by Eos Energy Enterprises Inc.

Amendment: SEC Form SC 13D/A filed by Eos Energy Enterprises Inc.

Amendment: SEC Form SC 13D/A filed by Eos Energy Enterprises Inc.

$EOSE Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Dimitrief Alexander bought $5,685 worth of shares (3,000 units at $1.90), increasing direct ownership by 2% to 172,347 units (SEC Form 4)

Director Dimitrief Alexander bought $3,350 worth of shares (2,000 units at $1.68), increasing direct ownership by 1% to 169,347 units (SEC Form 4)

Chief Executive Officer Mastrangelo Joe bought $75,504 worth of shares (52,800 units at $1.43), increasing direct ownership by 6% to 909,793 units (SEC Form 4)

$EOSE Press Releases

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Eos Energy Enterprises Reports Third Quarter 2024 Financial Results and Updates 2024 Outlook

Eos Energy Signs Agreement with City Utilities of Springfield, Missouri to Provide 216 MWh of Energy Storage

Eos Energy Achieves Second Set of Performance Milestones Related to Cerberus Strategic Investment

$EOSE Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SEC Form 4 filed by Director Cerberus Capital Management Ii, L.P.

Director Bornstein Jeffrey S sold $427,654 worth of shares (162,720 units at $2.63), decreasing direct ownership by 26% to 84,929 units (SEC Form 4)

Director Cerberus Capital Management Ii, L.P. returned 7 units of Series A-2 Non-Voting Non-Convertible Preferred Stock to the company and returned 59 units of Series A-1 Non-Voting Non-Convertible Preferred Stock to the company (SEC Form 4)

$EOSE SEC Filings

Eos Energy Enterprises Inc. filed SEC Form 8-K: Other Events

SEC Form 10-Q filed by Eos Energy Enterprises Inc.

Eos Energy Enterprises Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$EOSE Market Insights

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