Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

Why Eos Energy Shares Are Surging Today

  • Eos Energy Enterprises, Inc. (NASDAQ: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.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.