Eos Energy slides on stock, convertible notes offerings

Eos Energy Enterprises

29/05/2025 12:19

Corrects to remove reference to Eos Energy's market cap in second bullet

** Energy storage systems provider Eos Energy's EOSE.O shares slide 18.3% to $4.90 premarket

** EOSE commences $75 mln stock offering

** Jefferies, J.P. Morgan are lead book-runners on the deal

** EOSE to also privately place $175 mln of convertible bonds due 2030

** Proceeds to be used to buy back convertible notes due 2026, repay debt and for other purposes

** Avg rating of 8 analysts is "buy"; median PT $6.50 -LSEG data

** As of last close, EOSE stock up 23.4% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))