Why Did Eos Energy Enterprises Inc. (EOSE) Plunge 11.15% Despite Record Revenue?

On July 31, 2025, Eos Energy Enterprises Inc. (NASDAQ: EOSE) experienced a significant drop of 11.15% in pre-market trading, marking a notable decline in its stock price.

Eos Energy Enterprises Inc. recently reported its financial results for the second quarter of 2025, highlighting several key achievements. The company recorded a record quarterly revenue of $15.2 million, a 46% increase from the previous quarter and a 17x increase from the same period last year. This growth was driven by increased production volumes and operational efficiencies. The company also closed $336 million in concurrent offerings of common stock and convertible senior notes, strengthening its balance sheet and enhancing financial flexibility. Additionally, Eos Energy received $22.7 million from the Department of Energy's Loan Programs Office, bringing the total funding to $91 million since November 2024. The company also extended the maturity of its 26.5% convertible senior notes to September 30, 2034, and reduced the interest rate from 26.5% to 7.0%, beginning on June 30, 2026.

Eos Energy's commercial pipeline increased by $3.2 billion, led by over 10 GWh submitted to the UK Cap & Floor scheme, reflecting a 15% sequential growth in 8-hour plus duration projects. The company is continuing its capacity expansion with sub-assembly automation ramping in the third quarter and a second state-of-the-art manufacturing line on order. The One Big Beautiful Bill Act (OBBBA) preserves manufacturing production tax credits with full stackability and transferability through 2029, benefiting Eos' domestic content which exceeds FEOC requirements for customer ITC. Eos reaffirmed its 2025 full-year revenue guidance range of $150 million to $190 million.