Goldman Sachs Penny Stocks: Top 12 Stock Picks

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4. Eos Energy Enterprises, Inc. (NASDAQ:EOSE)

Goldman Sachs’s Q1 2025 Stake: $14,743,939

Share Price as of July 3: $4.90

Number of Hedge Fund Investors In Q1 2025: 21

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) is one of Goldman Sachs’ top penny stock picks. The company revealed on July 1 that it received a second loan advance of $22.7 million from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO). This advance completes the first tranche of $90.9 million, following an initial $68.3 million received in December 2024.

The total DOE loan guarantee, finalized in November 2024, amounts to $303.5 million ($277.5 million principal and $26 million capitalized interest) to support Project AMAZE (American Made Zinc Energy). The loan covers 80% of eligible costs for capital expenditures and project-related operating expenses for manufacturing expansion in Turtle Creek, Pennsylvania. The loan facility, maturing on June 15, 2034, allows up to four draws, each tied to production milestones.

Eos stated that the funds will be used to support the completion of its first state-of-the-art manufacturing line and to procure a second line. The expansion aims to scale production to meet the growing demand for long-duration energy storage, particularly for AI-driven load growth, data centers, and safety-conscious storage markets.

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) is a U.S.-based energy storage company. It designs, manufactures, and sells zinc-based battery energy storage systems for utility-scale, microgrid, and commercial applications. Its flagship product is the Znyth™ battery.

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