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Eos Energy Enterprises ( (EOSE) ) has issued an announcement.
On January 27, 2025, Eos Energy Enterprises announced the completion of all performance milestones for the third milestone of their credit agreement with Cerberus Capital Management, allowing them to access the final $40.5 million of a $210.5 million Delayed Draw Term Loan. This funding supports Eos’s U.S. manufacturing expansion and strengthens its position in the energy storage industry, contributing to America’s energy independence. The successful completion of these milestones demonstrates Eos’s operational efficiency and positions the company for profitable growth, as it continues to meet growing global demand for long-duration, non-flammable energy storage solutions.
More about Eos Energy Enterprises
Eos Energy Enterprises, Inc., based in Edison, New Jersey, is a leader in the energy storage industry, specializing in zinc-based long-duration energy storage systems. Founded in 2008, the company focuses on providing utility, industrial, and commercial customers with reliable and sustainable energy storage solutions, which are manufactured in the United States.
YTD Price Performance: 9.95%
Average Trading Volume: 8,789,906
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.32B
For an in-depth examination of EOSE stock, go to TipRanks’ Stock Analysis page.
