EOS Energy rises after announcing battery manufacturing consolidation in Pennsylvania - EOSE News | RalliesEOS Energy rises after announcing battery manufacturing consolidation in Pennsylvania
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EOSE• Shares rise after consolidation plan
- Shares of energy storage systems provider EOS Energy EOSE.O were up 4.6% at $3.5.
- EOSE said it will consolidate battery manufacturing operations at its Thorn Hill facility in Pennsylvania.
- The move is expected to reduce conversion costs by about 10% to 15%, with benefits beginning in 2027.
- EOSE added the consolidation is contemplated within its full-year 2026 revenue guidance of $300 million to $350 million.
- It expects the move to begin in the fourth quarter of 2026 and be completed in early 2027.
- Once both lines are operating, Thorn Hill nameplate capacity is expected to be about 4 GWh, EOSE said.
- Including the session's moves, EOSE is down 69.5% year to date.
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