Eos Energy Enterprises, Inc. (EOS)

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Eos Energy Enterprises, Inc. ("Eos" or "the Company") (NASDAQ: EOSE). The investigation concerns whether Eos and certain of its officers and/or directors have violated federal securities laws.

 

On January 14, 2021, analyst Iceberg Research (“Iceberg”) published a report entitled “Eos Energy ($EOSE): Fake Customers Won’t Recharge a Dead Battery.”  The Iceberg report asserted that Eos Energy is a battery energy storage systems special purpose acquisition company with “failed technology and dubious customers.”  Iceberg wrote that its “findings show” that Eos’s “disclosed customers are extremely unlikely to have the financial ability to honour their contracts,” and that “[g]iven its failed technology and dubious clients,” Iceberg “estimate[s] that EOS’ equity is worth only $144M . . . which represents a 90% downside from its current market cap of $1.5B.”  On this news, Eos’s stock price fell $2.03 per share, or 6.67%, to close at $28.41 per share on January 14, 2021.

 

If you are aware of any facts relating to this investigation, or purchased Eos shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

© 2020 Bronstein, Gewirtz & Grossman, LLC

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