Eos Energy Enterprises Inc. touted the production process for its commercial and industrial batteries in 2025 without disclosing that it couldn’t keep up with the capacity it needed to meet revenue targets, an investor alleges.
A 2025 revenue shortfall and attendant financial losses prompted a nearly 40% stock selloff the day they were announced last month, plaintiff Shui Shing Yung says. The proposed class action was filed March 6 in the US District Court for the District of New Jersey.
“Throughout fiscal year 2025, the Company touted its allegedly highly efficient manufacturing systems, driven by a transition to a fully-automated ...
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