Eos Energy Enterprises Takes a Hit as Investors Unload Ahead of Tax Credit Deadline

Eos Energy (EOSE) dropped 9.7% on Monday as investors unloaded ahead of the December 31 deadline for residential clean energy tax credits. The battery business is expected to take a beating from the expiration of the 30% tax credits, which has widened the company's net loss attributable to shareholders by 87% in Q3. Revenues soared by 3,472% to $30.51 million, driven by production efficiencies.