Shares of Eos Energy Enterprises Inc. (EOSE) surged 8.88% in pre-market trading on Tuesday, following the company's upbeat fiscal 2025 revenue guidance and the announcement of several key developments, including a strategic order from the US Navy and leadership changes.
In its fourth quarter 2024 earnings report, Eos reaffirmed its fiscal 2025 revenue guidance range of $150 million to $190 million, driven by increased production from its state-of-the-art manufacturing line. The company also secured an $8 million standalone BESS order from the Naval Base of San Diego to provide its American-made zinc battery energy storage systems for enhancing energy resilience and national security operations.
Furthermore, Eos strengthened its executive leadership by appointing Eric Javidi, an experienced industry veteran, as Chief Financial Officer. The company's current CFO, Nathan Kroeker, will transition to the role of Chief Commercial Officer, focusing on driving customer growth, project financing solutions, and expanding into new geographies.
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