Eos Energy tumbles after Q2 rev miss, narrowed 2026 rev guidance
BUZZ-Eos Energy tumbles after Q2 rev miss, narrowed 2026 rev guidance ** Energy storage systems provider Eos Energy's EOSE.O shares down 18.9% to $3.53 premarket on Weds after qtrly results
** Pittsburgh, Pennsylvania-based firm reports Q2 rev more than quadrupled yr/yr to $68.8 mln, below consensus view of $69.4 mln, per LSEG data
** Co tightens 2026 rev guidance to $300-$350 mln from $300-$400 mln, reflecting the timing of manufacturing consolidation plans at its Thorn Hill facility to improve efficiency
** Net loss attributable to shareholders widened to $274.7 mln from $222.9 mln a yr-ago, primarily driven by mark-to-market fair value adjustments tied to its qtr-end stock price
** 4 of 11 analysts rate the stock "strong buy" or "buy", 7 "hold"; median PT $8
** Stock had risen about 29% over the past two sessions, leaving it down 62% YTD through Tues close
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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