EOS - Eos Energy rallies after winning 1.1 GWh in new orders

Eos Energy Enterprises ( NASDAQ: EOSE ) +34% in early trading Wednesday after saying it signed two "significant" orders with Bridgelink Commodities and an unnamed solar developer for 1.1 GWh of energy storage capacity, more than doubling its backlog to more than $460M.

Eos Energy ( EOSE ) said Bridgelink increased its multi-year master supply agreement to 1 GWh with an incremental order value of $181M for new project installations, and Eos will manufacture a separate 40 MWh order valued at $13M for Q4 delivery.

The company also signed a 300 MWh master supply agreement with a Northeast solar developer, with deliveries expected over the next three years.

Eos Energy ( EOS ) means "doubts, debt and dilution" for investors, Another Mountain's Rock Investing writes in an analysis published on Seeking Alpha .

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