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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
NYSE:GWH

ESS Tech (GWH) Stock Price, News & Analysis

$0.73
-0.02 (-2.67%)
(As of 03/28/2024 ET)
Today's Range
$0.72
$0.75
50-Day Range
$0.62
$1.12
52-Week Range
$0.61
$2.12
Volume
760,227 shs
Average Volume
1.20 million shs
Market Capitalization
$127.69 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.14

ESS Tech MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
192.8% Upside
$2.14 Price Target
Short Interest
Bearish
20.78% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.59mentions of ESS Tech in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$1,825 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.41) to ($0.26) 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.

1.29 out of 5 stars

Computer And Technology Sector

498th out of 589 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

22nd 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

Forget AI, Imperium Is Expected to Grow 320,00% in 3 Years
If you think AI is big, then you have got to check out something I call Imperium… By my calculations, it’s set to grow 320,000% in three years. (You can see my calculations here.)
ESS Tech (NYSE:GWH) PT Lowered to $0.80 at Chardan Capital
ESS Tech: Q4 Earnings Insights
Forget AI, Imperium Is Expected to Grow 320,00% in 3 Years
If you think AI is big, then you have got to check out something I call Imperium… By my calculations, it’s set to grow 320,000% in three years. (You can see my calculations here.)
GWH Jun 2024 2.000 call
ESS Tech Earnings Preview
ESS Tech Stock (NYSE:GWH), Short Interest Report
GWH Jun 2024 0.500 call
GWH Sep 2024 1.000 call
ESS Tech: The Honeywell Honeymoon Was Brief
See More Headlines
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Company Calendar

Today
3/29/2024
Next Earnings (Estimated)
5/14/2024
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
$2.14
High Stock Price Target
$3.50
Low Stock Price Target
$0.80
Potential Upside/Downside
+192.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-77,580,000.00
Net Margins
-1,028.89%
Pretax Margin
-1,028.89%

Debt

Sales & Book Value

Annual Sales
$7.54 million
Book Value
$0.59 per share

Miscellaneous

Free Float
162,830,000
Market Cap
$127.69 million
Optionable
Optionable
Beta
1.64
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GWH Stock Analysis - Frequently Asked Questions

Should I buy or sell ESS Tech stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ESS Tech in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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?

3 brokerages have issued 12-month price objectives for ESS Tech's shares. Their GWH share price targets range from $0.80 to $3.50. On average, they expect the company's stock price to reach $2.14 in the next twelve months. This suggests a possible upside of 192.8% 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 2024. Since then, GWH shares have decreased by 36.0% and is now trading at $0.7301.
View the best growth stocks for 2024 here
.

Are investors shorting ESS Tech?

ESS Tech saw a increase in short interest in the month of February. As of February 29th, there was short interest totaling 11,850,000 shares, an increase of 8.4% from the February 14th total of 10,930,000 shares. Based on an average daily trading volume, of 982,900 shares, the days-to-cover ratio is currently 12.1 days. Approximately 21.0% 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, May 14th 2024.
View our GWH earnings forecast
.

Who are ESS Tech's major shareholders?

ESS Tech's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (1.76%), Vanguard Group Inc. (1.76%), First Trust Advisors LP (0.50%), Northern Trust Corp (0.46%), Charles Schwab Investment Management Inc. (0.43%) and Nuveen Asset Management LLC (0.16%). Insiders that own company stock include Amir Moftakhar, Craig E Evans, Eric P Dresselhuys, 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 3/29/2024 by MarketBeat.com Staff

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