Eos (EOSE) Ends Losing Streak on New Energy Storage Deal

We recently published 10 Stocks Leaving Wall Street in the Dust. Eos Energy Enterprises, Inc. (EOSE) is one of the best performers on Tuesday.

Eos Energy snapped a three-day losing streak on Tuesday, jumping 8.59 percent to close at $16.30 apiece, as investors cheered its new partnership with Talen Energy Corp. for the development of a battery energy storage system/BESS in Pennsylvania.

In a statement, Eos Energy Enterprises, Inc. (EOSE) said that the new deal was aimed at supporting the growing energy demand of the artificial intelligence sector.

Under the agreement, the firms would jointly identify and develop multiple storage projects across Talen’s existing assets—including potential sites in Pennsylvania at or near operating Talen plants and retired fossil fuel plants.

“Our collaboration with Talen marks a significant milestone for Eos and the broader Pennsylvania energy ecosystem,” Eos Energy Enterprises, Inc. (EOSE) CEO Joe Mastrangelo.

”By pairing Talen’s operational expertise and infrastructure with Eos’ safe, scalable zinc-based storage technology, we’re demonstrating how American innovation can strengthen grid resiliency, address a national security imperative, and power the next generation of digital infrastructure with urgency,” he added.

While we acknowledge the risk and potential of EOSE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EOSE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.