Why Shares of Eos Energy Enterprises Plunged 21.6% on Thursday

Shares of Eos Energy Enterprises (NASDAQ: EOSE) plunged as much as 21.6% in trading Thursday after a short-seller report came out. Shares closed down 13.6% on the day. 

Iceberg Research released a report headlined "Fake Customers Won't Recharge a Dead Battery." It accuses Eos of having a questionably large order book that grew right before its merger with a special purpose acquisition company (SPAC). 

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Source Fool.com