Eos Energy Enterprises
Builds zinc-based battery systems and controls for multi-hour grid and industrial storage.
Something off on this page? Send us feedback.
Profile
Sells zinc-based battery storage systems for utilities, microgrids, and commercial and industrial sites, earning revenue mainly from equipment deliveries plus commissioning and maintenance services. Z3 modules, DawnOS controls, and the Indensity architecture support a single-segment business with Pennsylvania-based manufacturing.
Designs and manufactures zinc-based battery energy storage systems for utility-scale, microgrid, and commercial and industrial applications, primarily in North America. Z3 modules form the core of turnkey direct-current systems, DawnOS balances and monitors them, and the stackable Indensity architecture packages them for multi-hour storage at space-constrained or conventional sites.
Revenue comes mainly from system deliveries, supplemented by project management, commissioning, remote monitoring, and maintenance. U.S. manufacturing is centered in Turtle Creek, Pennsylvania, with expansion capacity in Warrendale, and the business reports as one segment.
Integrates zinc chemistry, simplified module design, and software controls in an automated production model. Commercialization depends on scaling output and lowering costs while securing components and product certifications; domestic battery production credits support manufacturing economics.
Company facts
Key statistics
Year to date −74.8% · Average volume (30d) 25.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | B.Riley Financial | Target | $2 | $5 | ||
| Aug 6, 2026 | Roth Capital | Target | $12 | $4 | ||
| Aug 6, 2026 | Stifel Nicolaus | Target | $10 | $9 | ||
| Jul 13, 2026 | Truist Financial | Target | $7 | |||
| Jul 13, 2026 | Stifel Nicolaus | Target | $22 | $10 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.19 | −$1.20 | −541.1% | $68.3M | $68.8M | +0.7% | −12.18% |
| May 13, 2026Q1 FY26 | −$0.22 | $0.12 | +154.9% | $54.3M | $57.0M | +4.9% | −1.33% |
| Feb 26, 2026Q4 FY25 | −$0.20 | −$0.84 | −320.0% | $93.8M | $58.0M | −38.1% | −15.43% |
| Nov 5, 2025Q3 FY25 | −$0.14 | −$4.91 | −3,407.1% | $39.5M | $30.5M | −22.8% | +2.89% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $10.5M | $15.2M | $30.5M | $58.0M | $57.0M | $68.8M | |
| Gross profit | −$24.5M | −$31.0M | −$33.9M | −$54.4M | −$44.4M | −$48.8M | |
| Operating income | −$52.9M | −$63.8M | −$61.2M | −$80.8M | −$79.2M | −$83.8M | |
| Net income | $15.1M | −$222.9M | −$641.4M | −$120.5M | $508.9M | −$275.7M | |
| Diluted EPS | $0.22 | −$1.05 | −$4.91 | −$0.84 | $0.12 | −$1.20 | |
| Gross margin | -234.7% | -203.2% | -111.2% | -93.8% | -78.0% | -71.0% | |
| Operating margin | -506.2% | -419.1% | -200.6% | -139.4% | -139.1% | -121.9% |
Fiscal years (4-quarter sums)FY21 $4.6M · FY22 $17.9M · FY23 $16.4M · FY24 $15.6M · FY25 $114.2M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $349.1M · Total debt $640.8M · Total assets $906.8M · Shareholders' equity −$317.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 289.57M · Float 284.35M · 98.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Cerberus Capital Management II, L.P. | 175.83M | 32.60% | 13D | Aug 6, 2026 |
| BlackRock, Inc. | 27.13M | 9.37% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 15.02M | 5.19% | 13F | Aug 13, 2026 |
| Hudson Bay Capital Management LP | 13.68M | 4.73% | 13F | Aug 14, 2026 |
| Driehaus Capital Management LLC | 13.56M | 4.68% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 27, 2026 | Joe Mastrangelo | director, officer: Chief Executive Officer | −159,154 | $3.61 |
| Jul 28, 2026 | Nathan Kroeker | officer: Chief Commercial Officer | −110,417 | $3.36 |
| Jul 28, 2026 | Sumeet Puri | officer: Chief Accounting Officer | −29,167 | $3.36 |
| Jul 7, 2026 | Nathan Kroeker | officer: CCO and Interim CFO | −79,309 | $4.68 |
| Jun 30, 2026 | Nathan Kroeker | officer: CCO and Interim CFO | −35,289 | $5.86 |
Peers
- Fluence Energy
Utility-scale lithium BESS and software alternative
- Tesla
Megapack scale challenges zinc storage bids
- ESS Tech
Iron-flow peer for long-duration storage
- Energy Vault
Hybrid storage platform overlaps grid projects
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Eos Energy Enterprises | $3.27 | +0.15% | $944.0M | — | — | 4.4 | +351.4% |
| Fluence Energy | $10.92 | +0.36% | $2.01B | — | — | 0.8 | +7.9% |
| Tesla | $348.19 | −0.16% | $1.38T | 322.9 | 174.6 | 13.3 | +25.5% |
| ESS Tech | $0.3510 | +0.72% | $10.3M | — | — | — | −96.9% |
| Energy Vault | $3.60 | +1.69% | $641.6M | — | — | 2.8 | +104.1% |
| Median | 322.9 | 174.6 | 2.8 | +16.7% |