Shares of Eos Energy Enterprises Inc. (EOSE) experienced a significant plunge of over 26% on Tuesday, November 6th, 2024, following the release of the company's disappointing third-quarter financial results and lowered full-year revenue guidance.

The energy storage solution company reported a quarterly adjusted loss per share of $1.77, missing the analyst consensus estimate of $0.18 by a wide margin. Additionally, Eos Energy's quarterly revenue of $854,000 fell substantially short of the expected $6.477 million, representing an 86.81% miss compared to analysts' projections, despite a 24.85% year-over-year increase.

Furthermore, the company revised its full-year revenue guidance down to $15 million, citing supply chain disruptions. This revised guidance is significantly lower than analysts' expectations of $62.6 million, raising concerns among investors about Eos Energy's ability to meet growth expectations and execute its business strategy effectively.