10 Big Names With Painful Declines

7. EOS Energy Enterprises Inc. (NASDAQ:EOSE)

EOS Energy extended its losing streak to a third day on Tuesday, shedding 7.29 percent to close at $15.01 apiece as investors disposed of shares amid the lack of fresh catalysts to boost buying appetite.

In other news, EOS Energy Enterprises Inc. (NASDAQ:EOSE) announced that its Chief Commercial Officer and interim Chief Finance Officer, Nathan Kroeker, sold on Monday $802,000 worth of shares covering 50,000 units at a price of $16.04 apiece.

The sale followed the vested restricted stock units covering 100,000 shares on Friday, January 23.

In other news, EOS Energy Enterprises Inc. (NASDAQ:EOSE) launched earlier this month a new architecture designed to build large battery systems without them taking up large spaces.

Instead of spreading batteries across huge plots of land, the new architecture allows for a compact and stackable modular design targeting 1 GWh per acre, or roughly four times when batteries are installed horizontally.

The units will also be self-contained, weather-ready, and equipped with plug-and-play electrical and communications, and support a 4-16-hour duration.

The batteries could also be deployed near data centers, military bases, and infrastructure.