Eos Energy Enterprises, Inc.

Houck v. Eos Energy Enterprises, Inc. et al., (Case No. 3:23-cv-04113), D.N.J.

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On July 27, 2023, Iceberg Research issued an updated report alleging that 62% of Eos Energy Enterprises’ backlog is with one customer, Bridgelink Commodities, whose renewable energy assets were foreclosed and auctioned off in May 2023. According to the report, Eos Energy Enterprises failed to disclose the financial situation of Bridgelink Commodities to investors.

Shares of Eos Energy Enterprises stock dropped more than 20% in intraday trading on July 27, 2023.

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