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NYSE:GWH

ESS Tech (GWH) Stock Price, News & Analysis

$0.75
-0.06 (-7.54%)
(As of 03:33 PM ET)
Today's Range
$0.73
$0.81
50-Day Range
$0.62
$0.92
52-Week Range
$0.61
$2.12
Volume
744,145 shs
Average Volume
858,951 shs
Market Capitalization
$131.00 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.11

ESS Tech MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
176.7% Upside
$2.11 Price Target
Short Interest
Bearish
16.56% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$38,672 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.42) to ($0.33) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.88 out of 5 stars

Computer And Technology Sector

432nd out of 584 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

18th out of 27 stocks

GWH stock logo

About ESS Tech Stock (NYSE:GWH)

ESS Tech, Inc. is a leader in safe, long-term energy storage solutions for the renewable power industry. Safe, long-term energy storage is key to the success of the renewable power industry because it will stabilize a grid that relies on intermittent power generation from wind and sun and help facilitate distributed power generation. Distributed power generation is the concept that large grids can be powered by numerous smaller, renewable power-generating facilities backed up by long-term energy storage.

Long-term, in this case, is a 6 to 12-hour cycle driven by solar patterns. Solar generating equipment creates power during the day and ESS, Inc batteries store the excess and deliver at need when the sun goes down. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.

The company is in business to design, produce, market and sell iron flow batteries for the commercial and renewable utility market. Why iron flow? Iron flow offers many advantages including cost, performance and safety. Regarding cost, materials used are the lowest cost available and readily found in the earth’s crust. This also gives the batteries the lowest cost to operate over a 6-12 hour storage cycle. With more than 70% of all new power generating capacity from intermittent wind and sun, sustainable, scalable and safe battery storage solutions are more important than ever.

Regarding performance, iron flow batteries have an unlimited life cycle, experience no capacity degradation during their lifespan and are designed for a 25-year operating cycle. This compares to a 7-10 year life cycle for conventional battery technology so there is a clear competitive advantage. Regarding carbon-based energy storage, ESS, Inc batteries can roughly double the savings that intermittent power generation produces and are uniquely suited to micro-grid use.

As for safety, the batteries are water-based and use easy-to-extract minerals like iron. The batteries are non-hazardous to the environment and are fully recyclable as well. Because the materials used are abundant, operations are more sustainable than other types of battery production as well. In addition to their environmental track record, using non-hazardous materials results in lower operating costs.

Iron flow batteries are not new technology so there is reduced risk versus other battery makers. ESS Inc iron flow batteries are second-generation technology proven to work over time. Performance ratings are guaranteed by 3rd party Munich Re, so there is little doubt to the claims. The company guarantees greater than 15% improvement in efficiency versus lithium-ion batteries and the savings are maximized the longer the energy is stored.

The company offers 2 solutions labeled Energy Warehouse and Energy Center. The Energy Warehouse is a utility-scale solution that provides turn-key modular designs for easy installation and scalability. The Energy Center solution is designed for businesses and industries that wish to capitalize on renewable energy storage solutions. Among the many use cases for industries is to generate and store renewable energy to offset power needs during peak consumption/cost.

GWH Stock Price History

GWH Stock News Headlines

TD Cowen Trims ESS Tech (NYSE:GWH) Target Price to $2.00
ESS Tech Inc Ordinary Shares
ESS Tech: Q4 Earnings Insights
GWH Jun 2024 2.000 call
See More Headlines
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Company Calendar

Last Earnings
3/13/2024
Today
5/21/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
N/A
Fax
N/A
Employees
231
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.11
High Stock Price Target
$3.50
Low Stock Price Target
$0.80
Potential Upside/Downside
+160.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-77,580,000.00
Net Margins
-746.89%
Pretax Margin
-746.89%

Debt

Sales & Book Value

Annual Sales
$7.54 million
Book Value
$0.59 per share

Miscellaneous

Free Float
171,770,000
Market Cap
$141.58 million
Optionable
Optionable
Beta
1.51
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GWH Stock Analysis - Frequently Asked Questions

Should I buy or sell ESS Tech stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ESS Tech in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GWH shares.
View GWH analyst ratings
or view top-rated stocks.

What is ESS Tech's stock price target for 2024?

4 analysts have issued 12 month target prices for ESS Tech's stock. Their GWH share price targets range from $0.80 to $3.50. On average, they anticipate the company's stock price to reach $2.11 in the next twelve months. This suggests a possible upside of 176.7% from the stock's current price.
View analysts price targets for GWH
or view top-rated stocks among Wall Street analysts.

How have GWH shares performed in 2024?

ESS Tech's stock was trading at $1.14 at the beginning of the year. Since then, GWH stock has decreased by 33.1% and is now trading at $0.7626.
View the best growth stocks for 2024 here
.

Are investors shorting ESS Tech?

ESS Tech saw a decrease in short interest in April. As of April 30th, there was short interest totaling 9,660,000 shares, a decrease of 11.0% from the April 15th total of 10,860,000 shares. Based on an average trading volume of 856,300 shares, the days-to-cover ratio is currently 11.3 days. Currently, 16.6% of the shares of the company are short sold.
View ESS Tech's Short Interest
.

When is ESS Tech's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our GWH earnings forecast
.

How were ESS Tech's earnings last quarter?

ESS Tech, Inc. (NYSE:GWH) posted its quarterly earnings data on Wednesday, March, 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.04. The business had revenue of $2.80 million for the quarter, compared to the consensus estimate of $4.08 million. ESS Tech had a negative net margin of 746.89% and a negative trailing twelve-month return on equity of 73.08%.

Who are ESS Tech's major shareholders?

ESS Tech's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (1.87%), Green Alpha Advisors LLC (0.13%), Healthcare of Ontario Pension Plan Trust Fund (0.08%), SG Americas Securities LLC (0.02%) and Paloma Partners Management Co (0.02%). Insiders that own company stock include Amir Moftakhar, Craig E Evans, Eric P Dresselhuys, Harry Quarls, Kyle Teamey, Michael R Niggli and Rich Hossfeld.
View institutional ownership trends
.

How do I buy shares of ESS Tech?

Shares of GWH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GWH) was last updated on 5/21/2024 by MarketBeat.com Staff

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