(Bloomberg) -- Battery-maker Eos Energy Enterprises Inc. closed a $303.5 million US federal loan guarantee — sending its shares sharply higher — as the Biden administration races to finalize billions of dollars in clean-tech loans before leaving office.
Eos shares jumped as much as 19% on the news, the biggest intraday gain since late August. The stock was trading up 3.1% at $2.98 as of 11:31 a.m. in New York.
The loan from the US Department of Energy will finance two new production lines at Eos’s plant outside Pittsburgh, making enough grid-scale batteries per year to power 130,000 homes. Pending environmental review, the money may also help fund two additional production lines at a nearby facility.
The Energy Department is working to finalize many of the loans it has conditionally announced to clean-energy companies before President-elect Donald Trump takes office in January. Eos’s loan guarantee was first announced last year.
©2024 Bloomberg L.P.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。