A California water company just signed its third clean energy agreement with the same partner in two years. A battery maker whose stock has been cut nearly in half since June just landed a contract with the Department of War. A company trading under a dollar just added a Fortune 500 chief financial officer to its board.
Cadiz and RIC Energy Sign Third MOU to Add Solar Power to Green Hydrogen Buildout at Cadiz Ranch
Cadiz, Inc. (Nasdaq: CDZI, CDZIP) and RIC Energy announced on July 22 a Memorandum of Understanding to build on-site solar facilities at Cadiz Ranch in California’s Mojave Desert, expanding a green hydrogen partnership the two companies first signed in October 2024. The new agreement also sets up a framework to study routing hydrogen through Cadiz’s existing 220-mile Northern Pipeline corridor, the same right-of-way the company is separately converting from natural gas service to water conveyance after a Bureau of Land Management approval earlier this month.
Under the MOU, RIC will negotiate a definitive power purchase agreement to sell solar electricity to Cadiz’s farming operations, while the two companies keep developing the hydrogen side jointly. None of it is built yet. The agreement is non-binding, the framework only sets terms for negotiation. CEO Susan Kennedy called it the next step after last year’s move away from diesel power, but a signed power purchase agreement, permits, and financing all still have to happen before a shovel goes into desert soil.
Cadiz is a small-cap story either way. The Los Angeles company carries a market capitalization near $300 million and reported roughly $16 million in trailing revenue against a net loss, a profile that makes the RIC deal and Cadiz’s earlier hydrogen agreement with Hoku Energy more about long-term optionality on its land and water assets than near-term cash flow.
Eos Energy Wins Golden Dome Defense Contract the Same Week It Posts Record Revenue and a 70%+ Gross Margin Loss
Eos Energy Enterprises (Nasdaq: EOSE) said on July 15 it will supply its zinc-based long-duration energy storage *(a battery technology using aqueous zinc chemistry designed to store power for four hours or longer, positioned as a non-lithium alternative)* systems to Golden Dome for America, a multi-year U.S. missile-defense initiative the Trump administration ordered studied in a January 2025 executive order. The announcement came from President Trump at a defense summit in Pennsylvania rather than from Eos directly, and the company has not disclosed a contract value beyond calling it multi-million-dollar. CEO Joe Mastrangelo said the deal shows domestic manufacturing at scale for the country’s most critical missions.
The same week carried a second Eos storyline. Preliminary second-quarter results, also released July 15, showed revenue of $68 million to $69 million, a company record, alongside a gross margin loss between 69% and 73%. Backlog rose to roughly $807 million, up about 25% from the prior quarter. All of it comes as Eos runs a rights offering *(a sale that lets existing shareholders buy new shares, often at a discount, before anyone else can)* of 27.4 million units that closed to subscriptions on July 21, a deal Stifel estimates will add roughly 89 million shares to the count.
Eos stock has fallen from about $7.34 in late June to the mid-$4 range following the dilution news, even as Truist initiated coverage with a Buy rating and a $7 target. A separate Frontier Power USA project in Texas, the Wildfire BESS site, is also expected to use Eos batteries, though that deal’s closing is contingent on the rights offering actually completing. Eos carries a market capitalization near $1.3 billion, above the $500 million small-cap line this roundup otherwise holds to.
Blink Charging Adds Fox Factory’s CFO to the Board While Fighting a Nasdaq Minimum Bid Price Notice
Blink Charging Co. (Nasdaq: BLNK) appointed Dennis C. Schemm, the sitting chief financial officer of Fox Factory Holding Corp., to its board effective July 19, expanding the board to five members. Schemm previously ran finance at Trex Company and Continental Building Products. The market read the addition as a signal Blink wants sharper financial discipline, and shares rose as much as 4.4% on the news.
The appointment lands in the middle of an ongoing problem. Blink disclosed on July 7 that it had asked Nasdaq for a second consecutive 180-day extension to get its share price back above the $1 minimum bid requirement, a deadline it is now chasing until January 2027. The company expects Nasdaq’s formal response by July 27. Blink’s stock closed around $0.58 this week, a level that has held below $1 for months.
Blink is a genuine micro-cap at roughly $82 million in market value. The five analysts covering the stock carry an average target price of $2.25, more than triple the current price. That spread says more about how far the stock has already fallen than about any near-term catalyst.
Upcoming Catalysts: Cadiz-RIC Definitive PPA, Eos Rights Offering Close, Blink Nasdaq Compliance Decision
Cadiz-RIC definitive power purchase agreement: the MOU is non-binding until this gets signed, and Cadiz’s Mojave Groundwater Bank financing is also tied to progress on its broader infrastructure buildout.
Eos rights offering close: the Wildfire BESS project and further Frontier Power USA deals are contingent on this financing actually closing. Watch for the final share count and any update to the $807 million backlog.
Blink Nasdaq compliance decision: the exchange is expected to respond to Blink’s extension request by July 27, determining whether the company keeps its listing runway into 2027.
Sources
- PRNewswire: Cadiz and RIC Energy Sign MOU to Advance Solar / Hydrogen Development at Cadiz Ranch, July 22, 2026
- GlobeNewswire: Eos Energy Enterprises Announces Preliminary Second Quarter 2026 Financial Results, July 15, 2026
- Energy-Storage.News: Eos to provide energy storage for US Department of Defense ‘Golden Dome,’ releases preliminary Q2 financials, July 17, 2026
- GlobeNewswire: Frontier Power USA Selects 400 MWh Wildfire BESS Project from Bimergen Energy, July 14, 2026
- MarketScreener: Blink Charging Co. Announces Appointment of Dennis C. Schemm as Director, Effective July 19, 2026
- StockTitan / GlobeNewswire: Blink Charging Submits Request for Additional NASDAQ Compliance Period, July 7, 2026
Editorial Disclosure
This roundup is based entirely on publicly available information including press releases, SEC filings, and third-party market reporting. Securities discussed include Cadiz, Inc. (Nasdaq: CDZI, CDZIP), Eos Energy Enterprises, Inc. (Nasdaq: EOSE), and Blink Charging Co. (Nasdaq: BLNK). aktiego.com has not received any compensation from any company mentioned, their management, investor relations representatives, or any third party. No staff member or principal of aktiego.com holds a position in any security mentioned at the time of publication. Cadiz press release date confirmed as July 22, 2026, via PRNewswire. The Memorandum of Understanding between Cadiz and RIC Energy is explicitly non-binding; a definitive power purchase agreement, permitting, and project financing all remain outstanding before construction can begin. Cadiz carries a market capitalization of approximately $300 million and reported a net loss on trailing revenue of roughly $16 million. Eos Energy press release dates confirmed as July 15, 2026 (preliminary second-quarter results and Golden Dome announcement) via GlobeNewswire and third-party reporting, and July 17, 2026 for expanded Golden Dome coverage via Energy-Storage.News. The second-quarter financial results are explicitly preliminary and subject to change pending completion of quarter-end closing procedures, audit committee review, and finalization of the company’s financial statements. Eos disclosed a gross margin loss between 69% and 73% for the quarter. The Golden Dome for America contract value has not been disclosed by the company beyond a general description as multi-million-dollar, and the initial deployment is described as a prototype at a single installation. Eos is concurrently conducting a rights offering expected to add tens of millions of new shares outstanding, a dilution event disclosed alongside the positive revenue and contract news. Eos carries a market capitalization of approximately $1.3 billion, above the $500 million small-cap threshold this roundup otherwise applies, and is flagged here accordingly. Blink Charging board appointment confirmed effective July 19, 2026, and reported July 21, 2026, via SEC filing and market reporting. Blink Charging disclosed on July 7, 2026, that it had submitted a request to Nasdaq for a second consecutive 180-day compliance period to regain compliance with the exchange’s minimum bid price listing standard, with a decision expected by July 27, 2026. There is no assurance Nasdaq will grant the extension or that Blink will regain compliance within the applicable period. These are speculative investments carrying significant risk including potential total loss of capital. Coverage on aktiego.com is provided for informational and educational purposes only. aktiego.com is not a registered investment advisor. Nothing in this article constitutes financial, investment, or professional advice. Readers are encouraged to conduct their own due diligence and consult a qualified financial advisor before making any investment decisions. For more information please see our full DISCLAIMER.
