Shares of Eos Energy Enterprises, Inc. (EOSE) are surging more than 34% Friday morning after the company announced a $500 million expansion plan to scale up annual production.
The expansion plan called Project AMAZE — American Made Zinc Energy, is designed to increase annual production to 8 GWh storage capacity by 2026.
The company said that the Department of Energy's (DOE) Loan Programs Office (LPO) has issued up to $398.6 million conditional commitment for a loan guarantee, which, if the loan is finalized, is expected to fund 80% of the expansion in Pennsylvania.
EOSE, currently at $4.38, has traded in the range of $0.9550 - $5.6650 in the last 52 weeks.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.