On July 15, Eos Energy Enterprises rose 14.19% in after-hours trading, trading at $4.88/share, with turnover of $2.7611 million.

On the news front, the company released preliminary Q2 financial data, projecting revenue of $68 million to $69 million, which would represent a record single-quarter revenue high. The company also indicated that its order backlog is expected to reach a new record. However, FactSet analysts had previously estimated Q2 revenue at $70.1 million, meaning the preliminary figures came in slightly below consensus expectations.

For context, in its Q1 earnings report, Eos Energy had guided Q1 revenue in the range of $56 million to $57 million. The preliminary Q2 figures represent sequential growth of approximately 19-21%, signaling continued momentum in commercial deployment of its zinc-based energy storage solutions. The company has scheduled its official Q2 earnings call at a later date.

Eos Energy Enterprises designs, manufactures, and markets zinc-based energy storage solutions for utility, commercial and industrial, and microgrid markets in the United States. Its flagship product is the Eos Znyth DC system, a battery alternative to Li-ion batteries.

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