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Stock impact report

EOS ALERT: Bragar Eagel & Squire, P.C. is Investigating Eos Energy Enterprises on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Eos Energy Enterprises, Inc. (EOSE) 
Company Research Source: GlobeNewswire
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Eos Energy Enterprises (NASDAQ: EOSE) on behalf of long-term stockholders following a class action complaint that was filed against Eos on August 1, 2023 with a Class Period from May 9, 2022 to June 27, 2023. Our investigation concerns whether the board of directors of Eos have breached their fiduciary duties to the company. On July 27, 2023, during market hours, Iceberg Research (“Iceberg”) published a report titled “62% Of $Eose’s Backlog Is With Financially Distressed Bridgelink Whose Renewable Energy Assets Were Foreclosed And Auctioned Off In May.” Therein, Iceberg alleged that, while the fate of Eos “rests on its touted 2.2 GWh energy storage system backlog, which EOS valued at $535 million at the end of March 2023,” the backlog “is fake.” Iceberg elaborated that “Bridgelink Commodities, accounts for half of EO Show less Read more
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