S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
NYSE:GWH

ESS Tech (GWH) Stock Price, News & Analysis

$0.85
-0.02 (-2.31%)
(As of 03/1/2024 ET)
Today's Range
$0.84
$0.88
50-Day Range
$0.82
$1.19
52-Week Range
$0.75
$2.12
Volume
539,836 shs
Average Volume
780,169 shs
Market Capitalization
$146.23 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.30

ESS Tech MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
234.2% Upside
$2.83 Price Target
Short Interest
Bearish
19.36% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

0.49 out of 5 stars

Computer And Technology Sector

510th out of 595 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

22nd out of 28 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

ESS Tech Stock (NYSE:GWH), Short Interest Report
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
GWH Jun 2024 0.500 call
GWH Sep 2024 1.000 call
ESS Tech: The Honeywell Honeymoon Was Brief
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
ESS Tech: Flush With Cash As Solar And Wind Energy Booms
Makers & Manufacturers Awards 2023: ESS Inc.
ESS Tech Levels Up
Why ESS Tech Shares Are Charging Up Today
See More Headlines
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Company Calendar

Today
3/02/2024
Next Earnings (Confirmed)
3/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
N/A
Fax
N/A
Employees
271
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.83
High Stock Price Target
$4.00
Low Stock Price Target
$1.80
Potential Upside/Downside
+290.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
1 Analysts

Profitability

Net Income
$-77,970,000.00
Net Margins
-1,817.71%
Pretax Margin
-1,817.71%

Debt

Sales & Book Value

Annual Sales
$890,000.00
Book Value
$0.89 per share

Miscellaneous

Free Float
161,070,000
Market Cap
$146.23 million
Optionable
Optionable
Beta
1.64
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Key Executives















GWH Stock Analysis - Frequently Asked Questions

Should I buy or sell ESS Tech stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ESS Tech in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GWH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GWH, but not buy additional shares or sell existing shares.
View GWH analyst ratings
or view top-rated stocks.

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

1 brokerages have issued 1 year price targets for ESS Tech's shares. Their GWH share price targets range from $1.80 to $4.00. On average, they expect the company's share price to reach $2.83 in the next twelve months. This suggests a possible upside of 234.2% 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 on January 1st, 2024. Since then, GWH shares have decreased by 25.9% and is now trading at $0.8452.
View the best growth stocks for 2024 here
.

Are investors shorting ESS Tech?

ESS Tech saw a decline in short interest in January. As of January 31st, there was short interest totaling 10,430,000 shares, a decline of 8.7% from the January 15th total of 11,430,000 shares. Based on an average daily trading volume, of 1,070,000 shares, the short-interest ratio is currently 9.7 days. Approximately 19.1% 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 Wednesday, March 13th 2024.
View our GWH earnings forecast
.

How can I listen to ESS Tech's earnings call?

ESS Tech will be holding an earnings conference call on Wednesday, March 13th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 204-525-0658 with passcode "769695".

Who are ESS Tech's major shareholders?

ESS Tech's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (1.76%), First Trust Advisors LP (0.50%), Northern Trust Corp (0.46%), Charles Schwab Investment Management Inc. (0.43%), Nuveen Asset Management LLC (0.16%) and Baird Financial Group Inc. (0.14%). Insiders that own company stock include Amir Moftakhar, Craig E Evans, Eric P Dresselhuys and Michael R Niggli.
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 3/2/2024 by MarketBeat.com Staff