Eos Energy reports Q1 EPS 12c, consensus (24c)

Reports Q1 revenue $57M, consensus $56.4M. “The market is telling us what it needs: long-duration storage that is safe, American-made, and financeable at scale. We have the technology, the manufacturing, the controls, and now, with Frontier Power USA, the planned capital to accelerate project deployment,” said Joe Mastrangelo, Chief Executive Officer. “Q1 showed the business scaling: record output, improved margins, and more than 6 GWh discharged energy on Eos technology. The work ahead is conversion: turning a $24 billion pipeline into installations discharging energy.”