Eos Energy Climbs 10.6% Ahead of Earnings

We recently published 10 Stocks Winning the Market. Eos Energy Enterprises Inc. (NASDAQ:EOSE) was one of the best performers on Tuesday.

Eos Energy snapped a three-day losing streak on Tuesday, jumping 10.60 percent to close at $11.48 apiece, as traders repositioned portfolios ahead of the release of its earnings performance this week.

The company is scheduled to release its financial and operating highlights before market open on Thursday, February 26. A conference call will be held to discuss the results.

For the period, Eos Energy Enterprises Inc. (NASDAQ:EOSE) expects full-year revenues to be in the range of $150 million to $160 million, or the low-end of its previous forecast range.

“In recent months, Eos has advanced the implementation of subassembly automation at its Turtle Creek manufacturing facility, with all equipment now on site and 88 percent of its bipolar lines in commercial production. This automation, combined with increasing throughput on the company’s first state-of-the-art manufacturing line, positions Eos to ramp production to an annualized rate of 2 GWh per year by year-end 2025 and more than triple its output in the fourth quarter,” Eos Energy Enterprises Inc. (NASDAQ:EOSE) said earlier.

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