Eos Energy Stock Gets a Cerberus Catalyst as Q1 Revenue Jumps 445%
Eos Energy Enterprises reported a 445% jump in first-quarter revenue to $57 million and launched Frontier Power USA, a Cerberus-backed storage venture with a 2 GWh reservation. The company posted a $68 million adjusted EBITDA loss and a $44.4 million gross loss. Eos aims for positive adjusted EBITDA by year-end and expects its new Thorn Hill battery line to start production in June.