Movement Alert｜Eos Energy Enterprises Rises 8.39% in Pre-Market Trading, Preliminary Q2 Revenue Expected to Hit Record High

Market Focus07-15 21:01

On July 15, Eos Energy Enterprises rose 8.39% in pre-market trading, trading at $4.6441/share, with turnover of $5.13 million.

On the news front, the company released preliminary second-quarter financial results, projecting revenue of $68 million to $69 million, which would represent a record single-quarter revenue. The company also indicated that its order backlog is expected to reach a new all-time high. Analysts surveyed by FactSet had expected $70.1 million in revenue for the quarter. Despite the slight miss versus consensus estimates, the record-setting revenue trajectory and growing order pipeline signaled strong commercial momentum for the company's zinc-based energy storage solutions.

Eos Energy Enterprises designs, manufactures, and markets zinc-based energy storage solutions for utility, commercial and industrial, and microgrid markets in the United States. Its flagship product is the Eos Znyth DC system, a battery that can be used as an alternative to Li-ion batteries.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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