Shares are gaining around 19 percent after the energy storage solutions company, Eos Energy Enterprise (EOSE) posted its growth in the first quarter on Wednesday.
The company further reaffirmed its full year revenue guidance of $300 million to $400 million.
For the first quarter, Net income rose sharply to $508.88 million from $15.14 million last year, attributed by non-cash change in fair value tied to mark-to-market adjustments impacted by the Company's end of quarter stock price.
Earnings per share was $0.12 compared to a loss per share of $0.20 a year ago.
Quarterly revenue jumped 445 percent to $56.96 million from $10.46 million in the previous year, driven by full battery module automation and 5.7x higher cube deliveries.
On the Nasdaq, shares of Eos Energy currently trading 16.14 percent up at Eos Energy Enterprises Q1 profit rises; Reaffirms FY26 Guidance; Pre-Market Stock up
Shares were up around 28 percent in pre-market trading after the energy storage solutions company, Eos Energy Enterprise (EOSE) posted its growth in the first quarter on Wednesday.
On the Nasdaq, shares of Eos Energy currently trading 19.88 percent up at $9.71
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.