Stock of Eos Energy Enterprises, Inc. (EOSE) is rising about 15 percent on Wednesday morning trading after the company announced a Joint Development Agreement with TURBINE-X Energy, Inc. to develop and deploy private power infrastructure for AI.
The company's shares are currently trading at $7.31 on the Nasdaq, up 15.59 percent. The stock opened at $6.90 and has climbed as high as $7.55 so far today. Over the past year, it has traded between $3.69 and $19.86.
As per the deal, TURBINE-X is targeting up to 2 GWh of Eos storage systems across a defined project pipeline over the next 36 months, with initial deployments targeted for 2027.
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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.