Fuzzy Panda Research, in a new note to investors, says it is short Eos Energy (EOSE). The firm says its investigation uncovered that former C-level employees said Eos “keeps multiple sets of financials. Each one is different and sent to different parties. Eos has allegedly been sending false and/or misleading financials to the DOE.” The firm believes the DOE will call for the debt to be repaid immediately, which would wipe out more than 50% of Eos’s cash balance. Fuzzy Panda also says it believes Eos batteries have an undisclosed issue with thermal events causing gas leaks of potentially deadly hydrogen bromide gas.
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