Eos Energy Achieves First Performance Milestones Related to Cerberus Strategic Investment
Eos Energy Enterprises, Inc. (EOSE)
Company Research
Source: GlobeNewswire
TURTLE CREEK, Pa., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ("Eos" or the “Company”), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced the successful achievement of all four of the first performance milestones previously agreed upon between Eos and an affiliate of Cerberus Capital Management LP (“Cerberus”) as part of Cerberus’s strategic investment in the Company. Achieving these specific performance milestones allows the Company to draw an additional $30 million on the Delayed Draw Term Loan from Cerberus to fund ongoing operations and production expansion to meet the growing demand for long duration energy storage solutions. The achieved milestones include objectives related to the Company’s automated production line, materials cost-out, improvements in Z3 technology performance and backlog/cash conversion. Among the key accomplishments, Eos has successfully achi
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EOSE
News
- Analysts Have Lowered Expectations For Eos Energy Enterprises, Inc. (NASDAQ:EOSE) After Its Latest Results [Yahoo! Finance]Yahoo! Finance
- EOS ALERT: Bragar Eagel & Squire, P.C. is Investigating Eos Energy Enterprises on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) had its price target lowered by analysts at Roth Mkm from $4.50 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- Eos Energy Enterprises Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Eos Energy Enterprises Inc (EOSE) Q3 2024 Earnings Call Highlights: Navigating Supply Chain ... [Yahoo! Finance]Yahoo! Finance
EOSE
Earnings
- 11/5/24 - Miss
EOSE
Sec Filings
- 11/12/24 - Form 8-K
- 11/5/24 - Form 10-Q
- 11/5/24 - Form 8-K
- EOSE's page on the SEC website