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Stock impact report

Why Eos Energy Stock Jumped Today [Yahoo! Finance]

Eos Energy Enterprises, Inc. (EOSE) 
Company Research Source: Yahoo! Finance
10 stocks we like better than Eos Energy Enterprises › What happened Shares of Eos Energy Enterprises (NASDAQ: EOSE) climbed more than 8% on Tuesday after the battery technology company announced plans to expand its manufacturing capabilities to meet the surging demand for artificial intelligence ( AI ) power sources. A person is monitoring data on digital screens. Image source: Getty Images. So what Eos was awarded a $24 million incentive package by Pennsylvania Governor Josh Shapiro and Allegheny County to help it build a new battery manufacturing plant in Marshall Township, Pennsylvania, and a software hub in Pittsburgh. The projects are expected to bring 1,000 high-paying jobs to Pennsylvania and bolster the efficiency and scalability of Eos' production operations. "Energy storage is the backbone of a modern energy system, and this significant milestone marks our progress to bring America's battery to scale," Eos CEO Joe Mastrangelo said in a press release. Eos al Show less Read more
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