By Connor Hart
Eos Energy Enterprises named Eric Javidi as its chief financial officer, effective Wednesday.
The company, which specializes in zinc-based long duration energy storage systems, said Tuesday that Javidi is an experienced executive who previously served as managing partner and co-head of Kayne Anderson Capital Advisors. Prior to that, he held various executive roles at companies including Archaea Energy, CrossAmerica Partners and Southcross Holdings.
Javidi will succeed Nathan Kroeker, who will transition to the role of chief commercial officer.
In his new role, Kroeker will be responsible for expanding into new geographies, driving customer project financing, and ensuring that the company's offerings are aligned with its customer base, the company said.
The appointments came as the Edison, N.J., company's loss widened in the fourth-quarter loss to $268.1 million, or $2.20 a share, from $41.2 million, or 25 cents a share, a year earlier.
On an adjusted basis, Eos posted a loss of $1.22 a share. Analysts surveyed by FactSet expected a loss of 22 cents a share.
Revenue rose 10% to $7.3 million, topping the $6.4 million that analysts modeled.
Eos guided for revenue between $150 million and $190 million in 2025, the midpoint of which is roughly in line with the $168.8 million that analysts surveyed by FactSet modeled.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 04, 2025 16:56 ET (21:56 GMT)
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