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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.
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