Eos Energy Enterprises (NASDAQ:EOSEW) Trading Up 8.7% – Here’s Why

Eos Energy Enterprises, Inc. (NASDAQ:EOSEWGet Free Report)’s share price traded up 8.7% on Thursday . The company traded as high as $1.30 and last traded at $1.25. 169,071 shares were traded during mid-day trading, an increase of 32% from the average session volume of 128,287 shares. The stock had previously closed at $1.15.

Eos Energy Enterprises Price Performance

The company’s 50 day simple moving average is $0.55 and its 200-day simple moving average is $0.34.

About Eos Energy Enterprises

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Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.

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