EOS Energy rises after announcing battery manufacturing consolidation in Pennsylvania

Eos Energy Enterprises

27/08/2026 14:38

** Shares of energy storage systems provider EOS Energy EOSE.O up 4.6% at $3.5 
** EOSE says it will consolidate battery manufacturing operations at its Thorn Hill facility in Pennsylvania
** Says the move is expected to reduce conversion costs by about 10% to 15%, with benefits beginning in 2027
** Adds the consolidation is contemplated within its full-year 2026 revenue guidance of $300 million to $350 million
** Expects the move to begin in the fourth quarter of 2026 and be completed in early 2027
** Once both lines are operating, Thorn Hill nameplate capacity is expected to be about 4 GWh - EOSE
** Including session's moves, EOSE down 69.5% YTD 

 (Reporting by Varun Sahay in Bengaluru)
 ((Varun.sahay@thomsonreuters.com))