What happened Shares of Eos Energy Enterprises (NASDAQ: EOSE) jumped as much as 46.8% in trading Wednesday as investors continued to push renewable energy stocks higher. The stock ended the day up 44.6%. So what On Monday, Congress passed a stimulus bill that includes an extension to the investment tax credits that developers of wind, solar, and energy storage have used to make projects more economically viable. The tax credit is set at 26%, a rate that will be extended for another two years, creating a likely tailwind for companies like Eos Energy Enterprises. That was helping renewable energy stocks across the board today. Image source: Getty Images. In more concrete news, the company announced a two-megawatt energy storage order from Charge Bliss for a hospital microgrid. The project will be worth about $2 million. Now what The hospital deal is really business as usual for a battery company like Eos, but good news nonetheless. I think we're really seeing more momentum behind any company related to renewable energy, helped by the tax credit extension. Don't be surprised if these gains are given back in coming weeks, but for now investors are piling into the stock. 10 stocks we like better than Eos Energy Enterprises, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Eos Energy Enterprises, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source