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.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.