EOSE Returns ðĪĢ
$EOSE surged + 30% during the Pre-market, pushing the price past $10 after Q1 statements were stronger than expected.
The flip company posted earnings per share of $0.12 from where the market expected a $-0.22 loss, while revenue was $57 million, growing + 445% YoY and coming out slightly above expectations.
Another key factor is that Eos Energy partnered with Cerberus, launching Frontier Power USA to advance the U.S. long-term energy sequestration system market.
Cerberus is set to invest $100 million with a 2 GWh battery capacity backup using Eos' Z3 zinc battery.
The project aims to develop energy storage systems at both the utility and business levels, supporting 4-16 hours of long-term electricity storage, to strengthen the stability of the future energy grid.
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