Eos Energy Enterprises Inc (EOSE) said after close Monday that it lost $0.16 per share in quarter four 2023.
On the revenue line, the company reported $6.6 million, missing estimates by $2.4 million.
In the same quarter a year ago, the company lost $0.68 per share on revenue of $2.7 million.
The stock is up 8.91% to $1.08 after the report.
Despite revenues increasing, earnings decreased, signaling a decline in profit margins.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Eos Energy Enterprises Inc a Bullish Sentiment Rank from InvestorsObserver.
Eos Energy Enterprises Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 18, putting Eos Energy Enterprises Inc in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $0.73 on January 17, 2024 and set a 52-week high on June 29, 2023 at $5.67.
Eos Energy Enterprises Inc designs, manufacture, and markets battery storage solutions for the electric utility industry. The solutions are used in the utility sector, the renewable energy sector, and the industrial sector. Its flagship product Eos Znyth is a stationary battery energy storage system.
News Home
Eos Energy Enterprises Inc Up 8.91% To $1.08 After Earnings Beat
Mentioned in this article
