Overview
- Eos reported Wednesday first-quarter revenue of $56.96 million and diluted EPS of $0.12, and it reaffirmed 2026 revenue guidance of $300 million to $400 million.
- Eos and Cerberus formed Frontier Power USA with a $100 million anchor commitment and a 2 GWh take-or-pay reservation to deploy Eos’ Z3 zinc‑bromide storage systems.
- Frontier secured a performance insurance framework from Ariel Green that offers 15-year non‑cancellable coverage with policy capacity of up to about $1.5 billion to support project debt.
- Eos plans a roughly $150 million pro rata rights offering to fund its stake in the venture, subject to board and shareholder approvals and required consents under its debt agreements.
- Shares jumped as much as 36.7% in pre-market trading Wednesday, closed up about 2%, and fell Thursday morning as investors weighed funding needs, potential dilution, and execution risk.