financetom
Business
financetom
/
Business
/
What's Going On With Eos Energy Stock?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
What's Going On With Eos Energy Stock?
Jun 24, 2024 10:53 AM

Eos Energy Enterprises, Inc. ( EOSE ) shares are trading higher Monday after the company announced a strategic investment of up to $315.5 million from an affiliate of Cerberus Capital Management LP. 

The Details:

Eos Energy ( EOSE ) said both companies believe the investment will accelerate Eos’ operating capabilities and industry position. The investment by Cerberus is structured as a $210.5 million delayed draw term loan that is partially based upon achieving operational milestones, and a $105 million revolver that Eos may draw upon, if required, at Cerberus’ discretion. 

“We are thrilled to partner with Cerberus at a pivotal moment in Eos’ history. This investment provides the critical funding needed to execute our profitability roadmap, while also providing our customers with the confidence that Eos can produce at scale,” said Eos CEO Joe Mastrangelo.

“Cerberus’ investment, combined with their deep operational and technical knowledge, enables us to expand our manufacturing capacity, streamline our supply chain, and strengthen our market position.”

Also Read: Clover Health’s $1 Million Insider Buy: What’s Going On With The Stock?

Eos Energy ( EOSE ) shares are moving on heavy trading volume following the announcement. According to data from Benzinga Pro, more than 22.3 million shares have already been traded in the session, compared to the stock’s 100-day average of 5.511 million shares.

How To Buy EOSE Stock:

By now you're likely curious about how to participate in the market for Eos Energy Enterprises ( EOSE ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Eos Energy ( EOSE ), which is trading at $1.06 as of publishing time, $100 would buy you 94.34 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

EOSE Price Action: According to Benzinga Pro, Eos Energy ( EOSE ) shares are up 15.6% at $0.99 at the time of publication Monday.

Image: Pete Linforth from Pixabay

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-Renew Secures $100 Million Marquee Investment From Bii To Boost India'S Solar Manufacturing Ecosystem
BRIEF-Renew Secures $100 Million Marquee Investment From Bii To Boost India'S Solar Manufacturing Ecosystem
May 26, 2025
May 6 (Reuters) - Renew Energy Global PLC ( RNW ): * RENEW SECURES $100 MILLION MARQUEE INVESTMENT FROM BII TO BOOST INDIA'S SOLAR MANUFACTURING ECOSYSTEM * RENEW ENERGY GLOBAL PLC ( RNW ) - INVESTMENT TO CREATE 2,000 NEW JOBS IN INDIA * RENEW ENERGY GLOBAL ( RNW ): INVESTMENT WILL SEE BII ACQUIRE A MINORITY STAKE IN RENEW...
eToro Eyes $5B Valuation In Nasdaq IPO, Sets Price Range At $46–$50 Per Share
eToro Eyes $5B Valuation In Nasdaq IPO, Sets Price Range At $46–$50 Per Share
May 26, 2025
Trading platform eToro on Tuesday announced it is seeking a valuation of up to $5 billion in its initial public offering on the Nasdaq, as it launches the roadshow for a 10 million Class A share sale. Shares will be priced between $46 and $50 and trade under the ticker ETOR, according to the company’s filing. This estimate assumes a...
BRIEF-AMETEK To Acquire Faro Technologies
BRIEF-AMETEK To Acquire Faro Technologies
May 26, 2025
May 6 (Reuters) - AMETEK Inc ( AME ): * AMETEK TO ACQUIRE FARO TECHNOLOGIES * FARO TECHNOLOGIES INC ( FARO ): PROPOSED DEAL FOR $44 PER SHARE * FARO TECHNOLOGIES INC ( FARO ) - PROPOSED DEAL FOR AN ENTERPRISE VALUE OF APPROXIMATELY $920 MILLION. * FARO TECHNOLOGIES INC ( FARO )- PROPOSED DEAL FOR APPROXIMATELY $920 MILLION Source...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved