ESS Tech (GWH) Stock Price, News & Analysis

Company Overview

ESS Tech, Inc. (NYSE: GWH) develops and commercializes long-duration energy storage systems based on its proprietary iron flow battery technology. The company’s products are designed to address the growing need for reliable, safe, and sustainable energy storage solutions that can store renewable power for multiple hours or days. ESS Tech’s iron-based chemistry offers nonflammable operation, long cycle life and minimal environmental impact, making its offerings well suited for utility-scale storage, microgrids and backup power applications.

Founded in 2011 and headquartered in Wilsonville, Oregon, ESS Tech has assembled a team of engineers and energy industry veterans focused on bringing grid-scale flow batteries to market. In 2021, the company completed a public listing on the New York Stock Exchange, expanding its access to capital for product development and global deployment. Since inception, ESS Tech has continued to iterate on its second-generation (Gen2) and third-generation (Gen3) systems, enhancing energy density, reducing balance-of-plant footprint and driving down levelized cost of storage.

ESS Tech serves customers across North America, Europe and Asia Pacific, with regional offices in Germany and Spain to support project development and service activities. The company partners with utilities, independent power producers and commercial & industrial energy users seeking multi-hour and multi-day storage solutions to integrate wind and solar capacity, reduce reliance on fossil-fuel peaking plants and bolster grid resilience. ESS batteries have been deployed in demonstration and commercial projects ranging from community microgrids to large utility portfolios.

Leadership at ESS Tech is headed by CEO Craig Evans, whose background spans energy storage, cleantech venture capital and management of technology scale-ups. The executive team includes experts in electrochemistry, power electronics and global project delivery, supported by a board with seasoned directors from the energy and financial sectors. Together, they aim to accelerate the transition to renewable energy through cost-effective, long-duration storage technologies.

Key Stats

• Today's Range: $1.71 to $1.71
• 50-Day Range: $0.83 to $2.83
• 52-Week Range: $0.76 to $14.10
• Volume: 4,338 shs
• Average Volume: 267,622 shs
• Market Capitalization: $20.51 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $8.92
• Consensus Rating: Reduce

ESS Tech Stock Analysis - MarketRank™

ESS Tech scored higher than 27% of companies evaluated by MarketBeat, and ranked 522nd out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.9 / 5
• Analyst Rating: Reduce

Consensus Rating

ESS Tech has received a consensus rating of Reduce. The company's average rating score is 1.78, and is based on no buy ratings, 7 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

ESS Tech has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for ESS Tech are expected to grow in the coming year, from ($6.87) to ($5.22) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ESS Tech is -0.24, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of ESS Tech is -0.24, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

ESS Tech has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

19.81% of the float of ESS Tech has been sold short.

Short Interest Ratio / Days to Cover

ESS Tech has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ESS Tech has recently increased by 51.42%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

ESS Tech does not currently pay a dividend.

Dividend Growth

ESS Tech does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

19.81% of the float of ESS Tech has been sold short.

Short Interest Ratio / Days to Cover

ESS Tech has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ESS Tech has recently increased by 51.42%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 2 news articles for ESS Tech this week, compared to 2 articles on an average week.

Search Interest

Only 2 people have searched for GWH on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, ESS Tech insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.30% of the stock of ESS Tech is held by insiders.

Percentage Held by Institutions

46.77% of the stock of ESS Tech is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GWH Stock Analysis - Frequently Asked Questions

How have GWH shares performed this year?

ESS Tech's stock was trading at $5.88 at the start of the year. Since then, GWH stock has decreased by 70.6% and is now trading at $1.73.

How were ESS Tech's earnings last quarter?

ESS Tech, Inc. (NYSE:GWH) announced its earnings results on Thursday, May, 15th. The company reported ($1.50) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.66) by $0.16. The business earned $0.60 million during the quarter, compared to analysts' expectations of $3.45 million. ESS Tech had a negative net margin of 2,067.81% and a negative trailing twelve-month return on equity of 215.91%.
Read the conference call transcript.

When did ESS Tech's stock split?

ESS Tech's stock reverse split on Monday, August 26th 2024.The 1-15 reverse split was announced on Monday, August 26th 2024. The number of shares owned by shareholders was adjusted after the market closes on Monday, August 26th 2024. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

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.

What other stocks do shareholders of ESS Tech own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ESS Tech investors own include Enovix (ENVX), Rambus (RMBS), COMPASS Pathways (CMPS), Ginkgo Bioworks (DNA), Toast (TOST), Luminar Technologies (LAZR) and Globant (GLOB).

Company Calendar

• Last Earnings: 5/15/2025
• Today: 7/10/2025
• Next Earnings (Estimated): 8/13/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: ELEC PRODS - MISC
• Sub-Industry: Electrical Equipment
• Current Symbol: NYSE:GWH
• CIK: 1819438
• Web: www.acons2.com
• Phone: 855-423-9920
• Fax: N/A
• Employees: 270
• Year Founded: N/A

Price Target and Rating

• Average Price Target for ESS Tech: $8.92
• High Price Target: $22.50
• Low Price Target: $2.50
• Potential Upside/Downside: +415.4%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.78
• Research Coverage: 9 Analysts

Profitability

• EPS (Trailing Twelve Months): ($7.17)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$86.22 million
• Net Margins: -2,067.81%
• Pretax Margin: -2,067.81%
• Return on Equity: -215.91%
• Return on Assets: -103.16%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.07
• Quick Ratio: 0.76

Sales & Book Value

• Annual Sales: $6.30 million
• Price / Sales: 3.32
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.41 per share
• Price / Book: 0.72

Miscellaneous

• Outstanding Shares: 12,100,000
• Free Float: 11,826,000
• Market Cap: $20.93 million
• Optionable: Optionable
• Beta: 1.19