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Why EOS Energy Soared Again This Week

TheMotleyFool

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Why EOS Energy Soared Again This Week: https://g.foolcdn.com/editorial/images/837425/person-placing-money-in-both-hands-of-another-person.jpg

According to data compiled by S&P Global Market Intelligence, EOS Energy (NASDAQ: EOSE) cruised to a nearly 10% gain this week. This was the second week in a row the stock managed an outsized gain for its shareholders, with much of the increase coming on the back of a new business partnership it signed.

That tie-up, announced Monday morning, gave EOS a nice lift across the subsequent trading days. EOS and high-performance power electronics manufacturer Unico divulged that they have formalized their collaboration by signing a multiyear partnership arrangement.

Image source: Getty Images.

Source Fool.com