Eos Energy Enterprises (NASDAQ:EOSEW) Shares Down 9.6% – Here’s Why

Eos Energy Enterprises, Inc. (NASDAQ:EOSEWGet Free Report)’s share price fell 9.6% during trading on Friday . The company traded as low as $0.38 and last traded at $0.38. 14,801 shares traded hands during trading, a decline of 81% from the average session volume of 77,111 shares. The stock had previously closed at $0.42.

Eos Energy Enterprises Stock Down 9.6%

The stock has a 50-day simple moving average of $0.44 and a 200 day simple moving average of $0.60.

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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