Eos Energy financing and Orion turnaround

In early July 2026, Eos Energy Enterprises secured a $75 million investment and launched a rights offering as its share price fell. By early August, the company posted a record second‑quarter revenue of $68.8 million—a 351 % year‑over‑year rise—while expanding its order backlog and consolidating manufacturing at its Thorn Hill facility. Despite the revenue surge, Eos recorded a net loss of $276 million and an adjusted EBITDA loss of $71.4 million, ending the quarter with $364 million in cash.

During the same period, Orion Energy Systems continued its turnaround. For the fiscal 2027 first quarter, the company reported $25.7 million in revenue, up 32 % YoY, and a net profit of $2.0 million, reversing a loss from the prior year. Gross margin improved to 34.6 % and adjusted EBITDA reached $2.5 million, marking the seventh consecutive quarter of positive adjusted EBITDA. LED‑lighting sales rose 37 % to $17.7 million, EV‑charging revenue climbed to $4.0 million, and maintenance services grew modestly to $4.1 million. CEO Sally Washlow highlighted a shift toward disciplined, profitable growth and emphasized focus on large‑scale lighting projects and continued EV‑charging investment, while noting ongoing uncertainty around project timing and funding.