Eos Energy Enterprises, Inc. ($EOSE) Stock Jumps 9.86% After $22.7M DOE Loan Advance

Eos Energy Enterprises, Inc. (NASDAQ: EOSE) stock surged 9.86% in after-hours trading on Tuesday, July 1, 2025, reaching $5.03 after funding Boost for Project AMAZE Expansion.

Eos Energy Enterprises, Inc. (EOSE) has received a second loan advance of $22.7 million from the Department of Energy’s Loan Programs Office. This brings the total drawn under the first tranche to the maximum of $90.9 million. The funding supports the completion of its first state-of-the-art manufacturing line. The loan covers 80% of eligible costs tied to Eos Energy Enterprises’ production expansion plans for Project AMAZE.

The stock had closed the regular session at $4.87. During the day, EOSE’s price fluctuated between $4.71 and $5.05, with a trading volume of 10.85 million shares