Eos Energy slides on stock, convertible notes offerings
ReutersMay 29, 2025 12:04 PM
Energy storage systems provider Eos Energy's EOSE.O shares slide 18.3% to $4.90 premarket
EOSE commences $75 mln stock offering
Jefferies, J.P. Morgan are lead book-runners on the deal
EOSE to also privately place $175 mln of convertible bonds due 2030
Proceeds to be used to buy back convertible notes due 2026, repay debt and for other purposes
Avg rating of 8 analysts is "buy"; median PT $6.50 -LSEG data
As of last close, EOSE stock up 23.4% YTD
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