Eos Energy (EOSE) Ends Losses, Soars 11% Ahead of Tax Credit Expiry

We recently published 10 Firms Stealing the Spotlight; 4 Are Climbing to Record Highs. Eos Energy Enterprises, Inc. (NASDAQ:EOSE) is one of the best performers on Thursday.

Eos Energy snapped a two-day losing streak on Thursday, jumping 11.16 percent to end at $16.44 apiece as investors poured funds back, having priced in the looming deadline for clean energy tax credits.

The Trump administration, under the One Big Beautiful Bill Act signed in July, imposed a December 31 deadline for the 30 percent tax credits for all clean energy customers. Under the new rules, installations completed after the deadline would no longer qualify for the tax credits.

However, the rally was primarily buoyed by expectations that clean energy companies, including Eos Energy Enterprises, Inc. (NASDAQ:EOSE), would benefit from higher installations prior to the expiry date as customers scramble to get their solar and battery installations done.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) is a battery energy storage system company.

In the third quarter of the year, Eos Energy Enterprises, Inc. (NASDAQ:EOSE) widened its net loss attributable to shareholders by 87 percent to $641.39 million from $342.87 million in the same period last year, primarily due to a $572.3 million cumulative non-cash impact from the changes in fair value tied to mark-to-market adjustments.