Eos Energy Stock Pauses for the Holiday With a Challenge Ahead
Eos Energy shares closed at $8.06 Friday after Frontier Power USA agreed to buy 480 megawatt-hours of Texas battery-storage projects using Eos Z3 systems. The deal marks the first project under Frontier’s 2 GWh capacity reservation with Eos. U.S. stock markets will remain closed Monday for Memorial Day. Eos reported Q1 revenue of $57 million but posted a gross loss of $44.4 million.