This news just dropped. How does that play into your thoughts about the company/stock? Premarket not fond of it as of writing this.
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Yeah this is a little bizarre given they just raised $40M+, but on the other hand… it’s only $8M. My gut says this is taking advantage of stock price given they have no idea when DOE will drop… Could also imply we’re 30+ days out from any news if they think it’s taking longer than expected. There was no change from mgmt during the cc to imply DOE is anywhere close to off the table, I think they are just trying to grab as much cash on hand as possible. Bullish take on this would be they needed to raise more equity to balance out a larger DOE funding given they need to keep a certain debt to equity ratio as part of DOE loan covenants; also the warrants expire no later than 7/15 so this smells like short term bridging… Regardless it’s nice to see a rebound back to $2.20 this AM, you can clearly see there is a ton of liquidity around $2 (maybe a big buyer who knows).
I completely missed this quote in the pressor! Very BULLISH imo…
“The Company intends to use the net proceeds from this offering as working capital as it awaits a determination from the DOE’s loan program office on its loan application.”
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This play is nothing short of wild. Now we have an alleged town hall presentation leak from one of the local municipalities in Pennsylvania where the new z3 factories would add over “700 jobs” locally. They’re talking as if DOE is assumed, it’s wild. Take a look for yourself and let me know what you think.
https://twitter.com/cluster_6/status/1659225952134496257?s=46&t=TzgWsbKfNhNDzJrsA1LKXg
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Suspect this is getting lifted from the funding Redflow Limited received from Cali… RedFlow $REFXF is a Zinc Bromide Flow Battery developer California Energy Commission funds Redflow batteries for 20 MWh microgrid project | Utility Dive
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trimmed 100 shares at $3.07 for a 28% gain… still have 2,100 @ $2.07
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sold another 100 @ $3.16 for 33% gain… not letting these gains slip by knowing we could have another 30 days before doe loan (there’s been ambiguity on when EOSE has or has not submitted to treasury yet)
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Letting my profit sit on the sidelines for a while but I’ve got an alert set for 1/19/2024 $5c @ $0.50/ea if IV cools off or we get a pull back to support that. Would love to grab them under $0.40/ea but not placing any open orders just yet, no rush. Next 30-45 days should get pretty volatile regardless of Macro events, ticker has a lot more eyes on it now…
Got spooked on the S3 that dropped this morning so I sold half my entire position around 3.25-3.30
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What a rip after I pulled out half my position 
Since I covered my cost and then some, I’m going to let this baby run for a bit and may consider some leverage in options if we get a pullback after the recent surge in hype on twitter.
Volume has slowly been picking up and it looks like it’s starting to get some more “smart” money joining in. With a more bullish macro outlook you have more confidence in the renewable energy funding form the government as a whole. Follow the Government money, especially when your in a time with tight overall liquidity.
For those new, tldr I plan on selling the news if/when DOE news drops. Expecting in the next 6-8 weeks the latest or I’ll be concerned of fallout.
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Starting to get more and more attention from other furus on twitter… We’re also now only 10-15MM away from 500MM cap which will allow this to be pumped on wallstbets… If this continues to pump prior to DOE I’ll likely take additional profit as we could still be a month away from any DOE news (although the rumor is sooner). Be careful at these levels if you don’t have a position yet…
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The more I think about this, the 23M of volume on 6/23 could have quite literally been a mini short squeeze on the 27M shares short currently shown. What I’m unclear of is how that translates into current finviz stats as I know it’s a 3 business day lag…
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right on cue we have our first WSB post that made it in a few hours ago… Reddit - Dive into anything
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Sold another 100 at 5.13, cost basis and then some fully covered.
Down to holding 800 at $1.75 and will continue to offload as this gets pumped. Take profit if you haven’t yet and cheers to all who’ve played this. (And we still don’t have DOE loan yet, but higher this goes before announcement the more “priced in” it could be… i can also be totally wrong and it jumps more on announcement but like i said this is already in the low end of my post announcement price target)
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Oh hey, lookie here
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Well I just sold all of my shares instead of 100 by accident for 213% yayyyy lol my gosh can’t be mad at that I guess
It got within 1 cent of my limit and then SPY shit the bed and took it with it <:swole:917519899562229862>
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Eyeing 8/18 5Cs under .50… if it gets there may start building a new position but this could also go down further based on the latest run. Wouldn’t be surprised to see it touching $3s again baring any updates to the DOE loan process. This call is also after earnings, which we could see a little run heading into earnings based on speculation.
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not sure callouts are working but started a new position and grabbed two 8/18 5Cs for .45/ea