Eos Energy Enterprises, Inc. (NASDAQ: EOSE) stock is up 5.54% in pre-market trading on Wednesday, July 2, 2025, reaching $5.14 after securing $22.7M DOE loan advance for production expansion. This marks a notable rise from the previous closing price of $4.87 recorded on the prior trading day.
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.
