By Katherine Hamilton
Eos Energy Enterprises shares jumped after the company shared preliminary first-quarter revenue and said it expects record shipments.
The stock gained 27% to $5.82 on Thursday, putting it on track for its biggest percent increase since May 2025. Shares have lost nearly half their value this year.
The Pittsburgh-based energy company expects $56 million to $57 million in revenue during the current fiscal quarter.
It anticipates shipments will increase 17%, with battery and bipolar output both rising more than 10%.
The outlook came after Eos disappointed investors with its full-year guidance in February. The company's annual view came in below analysts' expectations, sending shares down after the report.
Eos also said Thursday it reached a milestone in the development of its second production line, having completed factory acceptance testing for its second battery line. Initial production is targeted for the end of the second quarter.
Eos is set to report its first-quarter results in May.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 09, 2026 13:51 ET (17:51 GMT)
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