Unico and Eos Energy sign multi-year power converter partnership

FRANKSVILLE, Wis. and EDISON, N.J. - Unico and Eos Energy Enterprises, Inc. (NASDAQ:EOSE), whose stock has surged over 300% in the past year and currently trades near $12.60, have entered into a multi-year partnership for the supply of DC-to-DC converters, according to a press release statement issued Monday.

The agreement, signed in April 2025, outlines Unico’s commitment to supply power conversion systems to Eos over the next five years. The converters will be integrated with Eos’s Znyth aqueous zinc battery systems, known as Z3.

The partnership coincides with Unico’s launch of new power conversion products designed specifically for energy storage applications. These systems utilize high-speed switching controls and advanced algorithms to maximize performance from silicon carbide and gallium nitride devices.

"Our converter products enhance the performance of energy storage systems like Eos," said Mike Canada, CEO of Unico. "By combining Unico’s engineered power electronics with their unique zinc battery technology, we’re enabling more resilient, sustainable energy infrastructure." According to InvestingPro data, Eos Energy has demonstrated strong revenue growth of 128% over the last twelve months, though the company currently operates with negative profit margins.

Pranesh Rao, SVP of Storage Systems Engineering at Eos, noted that the company’s DawnOS proprietary controls platform will work in conjunction with Unico’s products to provide energy storage solutions.

Both companies manufacture their products in the United States, which aligns with federal clean energy goals and domestic sourcing incentives. Unico specializes in power electronics and automation solutions, while Eos focuses on zinc-based long duration energy storage systems designed for utility-scale, microgrid, and commercial applications. InvestingPro subscribers can access 14 additional investment tips and comprehensive analysis for EOSE, including detailed insights into the company’s financial health and growth prospects.

The financial terms of the agreement were not disclosed in the announcement. With a market capitalization of $3.5 billion and analysts expecting continued sales growth this year, investors can find detailed valuation metrics and future growth projections in the Pro Research Report available on InvestingPro.

In other recent news, Eos Energy Enterprises reported its Q2 2025 earnings, revealing a significant miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of -1.05, which was substantially below the expected -0.1371, resulting in a 665.86% negative surprise. Additionally, revenue reached $15.24 million, falling short of the forecasted $25.11 million by 39.31%. In terms of analyst activity, Stifel raised its price target for Eos Energy to $10 from $8.50, maintaining a Buy rating after visiting the company’s Turtle Creek manufacturing facility. Guggenheim also increased its price target to $10 from $6, following discussions with Eos Energy’s management team. Meanwhile, Jefferies initiated coverage with a Hold rating and a price target of $6.50, citing near-term challenges in demonstrating the scalability of its technology. The company also announced the appointment of John Mahaz as Chief Operating Officer, bringing over three decades of experience from Jabil Inc.

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