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Barchart
Barchart
Ruchi Gupta

1 Penny Stock to Pick Up for Energy Storage Upside

Eos Energy Enterprise (EOSE) is a battery manufacturing company involved in designing, developing, and marketing zinc-based batteries for utility-scale, microgrid, and commercial and industrial applications. Eos has developed an array of intellectual property through patents over their battery chemistry, energy block configuration, mechanical product design, and software operating systems. The company operates primarily in North America, with its headquarters in Edison, New Jersey.

Established in 2008, EOSE listed on the Nasdaq via a SPAC merger in November 2020 at a price of $10 per share. The stock is down 84% from its all-time highs, and now trades in penny stock territory - but EOSE has started to regain some traction in 2024. 

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