Nate Strande 🔋

All about Future Innovation in Clean Energy, EV's & Energy Storage

[🔋NetMelc🔋 @NetMelc]

$EOSE line at 9 seconds and 80% capacity factor (for yield and downtime) is 3.2 GWh

[🔋William Grassman🔋 @GrassmanWilliam]

$EOSE

Joe just said they are running at under 9 seconds on the second line.

[Gary Wentworth 🔋 @Cluster_6]

$EOSE Now let's PR this far and wide - especially to those communities that have enacted moratoriums on BESS installs.

https://t.co/uh13I44ZvM

[🔋William Grassman🔋 @GrassmanWilliam]

$eose

[The Analyst @MMatters22596]

LISTEN

$EOSE — Eos Energy sits at the convergence of four important themes shaping the future:

- Energy Storage (especially long-duration storage)
- Grid Reliability
- AI Power Demand
- U.S. Manufacturing

Revenue:
$114M (2025)
$350M (2026E)
~$1.2B (2029E)

Revenue CAGR from 2025 to 2029E: ~80%

Massive potential ahead...

[Echo Analysis @EchoAnalysis]

$EOSE Is an easy buy 👀

Price has retested the 50DMA after breaking out.

This will move quick.

Subwave 3 target: 113% 🚀

[Nate Strande 🔋 @NateStrande]

@jlawrence12345 lol

[Nate Strande 🔋 @NateStrande]

$eose Sept 10 2025: $7.20 October 14, 2025: $18.28…. In roughly 1 month…. It can happen very quickly.

[Elon Musk @elonmusk]

Karl’s Dad was cool

[The Analyst @MMatters22596]

5 companies expected to GROW REVENUES TREMENDOUSLY over the next years:

1/ $EOSE

Developing zinc-based long-duration energy storage systems for grid-scale power demand.

FY 2026e Revenue Growth: ~170%

FY 2027e Revenue Growth: ~98%

FY 2028e Revenue Growth: ~82%

[Rosanna Prestia, MBA @RosannaInvests]

🔵 Three press releases. Three days. Zero coverage.

$EOSE (Eos Energy) just had the most important week in its history and the market barely noticed.

June 16: Line 2 commercial production launched. Pennsylvania. US-made zinc batteries. 4 GWh annual capacity target by year end.

June 17: First international commercial framework. 750 MWh binding agreement across Germany, Austria and Switzerland. Pathway to 2 GWh through 2031.

June 18: First purchase order under the 2 GWh Frontier Power USA reservation. Redbird project. 100 MW / 400 MWh. ERCOT.

US-made. Zinc-based. Non-flammable. No Chinese supply chain.

Lithium solves 4 hours. $EOSE solves 12.

[Nate Strande 🔋 @NateStrande]

@DesignClimate @AnishP144 Didn’t he say 90days? I’d like to see that tested

[Anish 🪫 @AnishP144]

$EOSE What will happen if EOS announces a NYSERDA or another larger order and also announces that Lines 3 and 4 are ordered? Nameplate capacity goes up to 10 GWh assuming Line 1 at 1 GWh.

[Josh @JoshTradeOption]

$EOSE

Buy Again or Wait?

BULL CASE?
• Q1 revenue +445% YoY
• Thorn Hill Line 2 now in commercial production
• First PO under 2 GWh Frontier Power USA deal + new Germany partnership
• 2026 revenue guidance reaffirmed $300–400M
• Analyst consensus = BUY with ~$9.20–$10.94 avg

Zinc LDES is well positioned for AI data centers + grid demand. US-made advantage is real.

BEAR CASE?
• Still deeply unprofitable with negative gross margins & high cash burn
• Rights offering coming (record date July 1) → dilution risk is live
• Execution history has been tough at best; profitability still not proven at scale
• Extremely volatile in a competitive storage market

Where do you stand?

[Spearfishing Capital @SpearfishingCap]

"For battery storage systems, for which the state has mandated upward of 6,000 megawatts, LIPA will give consideration to a technology known as zinc bromine, which is nonflammable" 👀

$EOSE 🇺🇸🔋🇺🇸

[JordanSolace @JordanSolace]

$EOSE 🧵 Future valuation

Sitting in a coffee shop in the town I grew up in.. have a wedding in a few hours (tux all set)..

Zooted out of my mind on ☕️ … and this is what is going to be the picture 5 months from now.. and how the mkt will value Eos… 😁

The credibility shift is here. Revenue ramp this year:
Q1 $57M
Q2 $70M
Q3 $75M (L1) + $17M (L2)
Q4 $80M (L1) + $35M (L2)

~$332M from both lines = they hit guide.

That changes everything.

Why this matters: Joe & co missed revs last year, so the street slapped a credibility discount on the name. Hitting guide is the first domino. That discount starts closing the moment the picture gets clear

Now the backlog. Currently $645M

What converts over the next 2 quarters (assuming $250/kWh)

Bimergen: 450MWh -> +$112M
Germany: 750MWh -> $187M
NYSERDA by YE: 1GWh -> $250M (conservative)

Talen: 1GWh (at least) = $250M
Mn8: 500MWh = $125M
Turbine X: 700MWh = $175M
Misc microgrids + hotels: 300MWh = $75M

~$1.2B (new backlog) on top of the $645M
= ~$1.8B. Net of revs ($332M) the rest of the year (2026) = exit 2026 with ~$1.5B backlog.

Here's the key insight that lets us actually model EOS again:

$330M revs but ~$1.2B booked = a 3.6x book-to-bill.
Apply that multiple forward. 🔑

2027: if EOS does $650–700M and books ~3x revs, that's +$2B in new orders next year alone.

Nameplate: exit 2026 at 4GWh, likely add another 2–4GWh in 2027 -which keeps pushing terminal value higher.

Where we are today: ~20% credibility discount baked in.
$7.50 × 1.2 = ~$9 fair value right now.

The flywheel from here: hit revs -> grow backlog at 3x ->close the credibility gap -> upgrade counterparty quality ->FPUSA cash flows get clearer (wildcard) -> margins flip back (late this yr / early next) -> market finally gives EOS credit for the quarters ahead. 🔑

$330M this year -> $680M next (2027)

Now model 2028: ~$1.2B revs, 8GWh nameplate, backlog north of $3.6B (that 3x book to bill), geographic + customer diversification, higher-quality counterparties, cleaner balance sheet, Thornhill full steam+ maybe a 2nd site (TX or UK/Germany).

2028 unit economics:

$250/kWh - $200 COGS + $45kwh credits -> ~38% GM

OpEx was $115M (2025) last yr, grows approx ~25%/yr -> $143M ('27) -> $179M ('28).
-> ~$280M EBITDA.

Subtract Opex by 38% Margins to top line (include credits)

= Massive inflection. 🔑

 Now…30x EBITDA (low, imo, given the growth + magnitude of change) = ~$13 PT.. Very soon.

But… the street will be looking past that (‘28) - to 2029.

2029: ~$2B revs, backlog ~3x revs.

$800M GP − $223M OpEx = ~$600M EBITDA… give EBITDA a 30x

->EV ~$18B. ÷ 600M FD shares = ~$30….likely priced in by Q1/Q2 2027.

VERY binary. 🔑

The kicker:
The algos price the outstanding count, not FD.

Here is how the mkt “may” view
The float…

-> The mkt/buyside/sellside likely pricing ~450M shares (just using a weighted avg of FD and actual outstanding count bc the picture is always a bit gray when there is a higher delta between FD and outstanding.

(The algos do a lot of the work anchoring to current outstanding count… not the fundamental analyst fwiw)

Anyway.

$18B EV - ~$600M debt ÷ 450M shares = ~$40 PT and that can get priced as early as Q1/Q2 next year as the credibility gap closes imo

The change in fundamentals, credibility, and perception is why I am long in size.

It’s almost July 4th y’all.

U.S. on @ 3 today 🇺🇸 🔋

[🔋Eos Energy Enterprises, Inc.🔋 @PoweredByEos]

The first Eos Cube built entirely with batteries from Battery Line 2 has shipped.

The batteries were produced at our Thorn Hill manufacturing facility, where we moved from Site Acceptance Testing into commercial production in four days. The Cube was assembled at our Turtle Creek facility.

Two battery lines are now running. Line 1 surpassed its full-year 2025 output in 164 days. Line 2 is launched and delivering.

This is scale meeting execution on the path to 4 GWh of American-made annual capacity.

[Nate Strande 🔋 @NateStrande]

@SpearfishingCap Think we get that filing next week?

[Nate Strande 🔋 @NateStrande]

$eose shorts you do realize with every new order the percentage chance of a new line ordered also go up? They have a huge factory they want to use the fixed cost asset and now have the blueprint and are ready to add another line.

[Nate Strande 🔋 @NateStrande]

@SpearfishingCap Hah - that’s becoming a increasingly risky asset to own