We recently published 10 Big Names With Painful Declines. EOS Energy Enterprises Inc. (NASDAQ:EOSE) was one of the worst performers on Tuesday.
EOS Energy extended its losing streak to a third day on Tuesday, shedding 7.29 percent to close at $15.01 apiece as investors disposed of shares amid the lack of fresh catalysts to boost buying appetite.
In other news, EOS Energy Enterprises Inc. (NASDAQ:EOSE) announced that its Chief Commercial Officer and interim Chief Finance Officer, Nathan Kroeker, sold on Monday $802,000 worth of shares covering 50,000 units at a price of $16.04 apiece.
The sale followed the vested restricted stock units covering 100,000 shares on Friday, January 23.
In other news, EOS Energy Enterprises Inc. (NASDAQ:EOSE) launched earlier this month a new architecture designed to build large battery systems without them taking up large spaces.
Instead of spreading batteries across huge plots of land, the new architecture allows for a compact and stackable modular design targeting 1 GWh per acre, or roughly four times when batteries are installed horizontally.
The units will also be self-contained, weather-ready, and equipped with plug-and-play electrical and communications, and support a 4-16-hour duration.
The batteries could also be deployed near data centers, military bases, and infrastructure.
While we acknowledge the potential of EOSE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
