ESS Tech (NYSE:GWH) Receives “Sell (E+)” Rating from Weiss Ratings

ESS Tech (NYSE:GWH)‘s stock had its “sell (e+)” rating reissued by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

GWH has been the subject of several other reports. Robert W. Baird cut their target price on shares of ESS Tech from $6.00 to $2.00 and set a “neutral” rating for the company in a research note on Monday, August 18th. Wall Street Zen upgraded shares of ESS Tech from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $2.63.

ESS Tech Price Performance

Shares of NYSE GWH opened at $1.80 on Wednesday. The firm has a fifty day moving average price of $1.61 and a 200-day moving average price of $1.82. The stock has a market cap of $26.21 million, a PE ratio of -0.29 and a beta of 1.23. ESS Tech has a 1 year low of $0.76 and a 1 year high of $10.12.

ESS Tech (NYSE:GWH) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.88) by ($0.02). The firm had revenue of $2.36 million during the quarter, compared to analysts’ expectations of $0.60 million. ESS Tech had a negative return on equity of 321.20% and a negative net margin of 1,217.22%. On average, research analysts expect that ESS Tech will post -6.87 EPS for the current year.

ESS Tech Company Profile

ESS Tech, Inc, an energy storage company, designs and produces iron flow batteries for commercial and utility-scale energy storage applications worldwide. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; and Energy Center, a front-of-the-meter solution. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.