EOS Energy Enterprises Inc. (NASDAQ:EOSE) experienced a 7.29% drop on Tuesday, closing at $15.01. The decline was attributed to a lack of fresh catalysts to drive buying interest. Additionally, the company’s Chief Commercial Officer and interim Chief Finance Officer sold $802,000 worth of shares on Monday.

In a bid to revolutionize large battery systems, EOS Energy (NASDAQ:EOSE) introduced a new architecture allowing for more compact and stackable designs. These units, targeting 1 GWh per acre, are self-contained, weather-ready, and support 4-16-hour durations. The batteries could potentially be deployed near data centers, military bases, and infrastructure.

Read more at Yahoo Finance: EOS Energy (EOSE) Drops 7.3% on Lack of Leads