Eos Energy (EOSE) dropped 9.7% on Monday to $13.60 as investors sold off ahead of the December 31 deadline for residential clean energy tax credits. The company’s battery business is expected to suffer from the expiration of the 30% tax credit for customers. EOSE widens net loss but sees revenue soar by 3,472%.

Analysts predict a boost in sales for clean energy companies like Eos Energy as customers rush to meet the tax credit deadline. However, post-deadline, companies are expected to see a decline in sales. EOSE reported an 87% increase in net loss due to non-cash impacts, but revenue surged by 3,472% driven by production efficiencies.

Read more at Yahoo Finance: Eos Energy (EOSE) Drops 9.7%, Investors Unload Ahead of Tax Credit Deadline