Eos Energy slips after pricing direct stock deal

Eos Energy Enterprises

30/06/2026 14:13

** Shares of energy storage firm Eos Energy Enterprises EOSE.O fall 3.8% to $5.86 premarket
** EOSE announces pricing of registered direct offering of 13.7 million shares and 6 million warrants to alternative investment firm Hudson Bay Capital Management at $5.48 apiece
** Offering priced at 10% discount to stock's last close; proceeds expected to be roughly $75 million, excluding any future exercise of warrants
     ** Proceeds will be used to fund EOSE's investment in Frontier Power USA, a long-duration energy storage development and investment platform
** Separately, Hudson Bay has also committed to invest $50 million directly into FPUSA
** EOSE had 339.5 million outstanding shares as of March 31, per prospectus
** Three of 10 brokerages rate the stock "buy" or higher and seven "hold"; median PT $8 - data compiled by LSEG
** As of last close, EOSE stock down 46.9% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))