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Investing.com -- Eos Energy Enterprises, Inc. (NASDAQ:EOSE), a leading innovator in long duration energy storage systems, saw its stock surge 11.9% after reporting record quarterly revenue and reaffirming its full-year guidance. The company’s first quarter results showed significant YoY improvement, driven by increased customer deliveries and production ramp-up.
For the first quarter ended March 31, 2025, Eos reported revenue of $10.5 million, a 58% increase from $6.6 million in the same quarter last year. This marked the highest quarterly revenue in the company’s history. The adjusted loss per share narrowed to -$0.20, compared to -$0.23 in the prior-year period.
Eos reaffirmed its full-year 2025 revenue guidance range of $150 million to $190 million. The midpoint of this guidance, $170 million, represents a substantial increase from the company’s 2024 performance.
Joe Mastrangelo, Eos Chief Executive Officer, stated, "The Eos team delivered solid operating results. We are starting to see the product cost-out benefits combined with higher manufacturing output."
The company’s commercial opportunity pipeline grew to $15.6 billion, a 10% increase from the previous quarter and a 17% rise YoY. Eos also reported a backlog of $680.9 million in orders.
Eos highlighted recent business developments, including two significant memorandums of understanding (MOUs). One MOU covers approximately 400 MWh of energy storage for a utility-scale project in Puerto Rico, while another 5 GWh MOU was signed with Frontier Power for projects in the United Kingdom (TADAWUL:4280) and other international markets.
The company’s stock jumped 11.9% following the earnings release, reflecting investor optimism about Eos’s growth trajectory and improved financial performance.
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