ESS Tech (NYSE:GWH) Stock Rating Upgraded by Roth Capital

ESS Tech (NYSE:GWH) was upgraded by equities research analysts at Roth Capital from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage currently has a $3.50 price objective on the stock. Roth Capital’s target price indicates a potential downside of 17.55% from the company’s previous close. Roth Capital also issued estimates for ESS Tech’s FY2027 earnings at ($0.57) EPS.

Other analysts have also recently issued reports about the company. Weiss Ratings reissued a “sell (e+)” rating on shares of ESS Tech in a report on Wednesday. Robert W. Baird decreased their price target on ESS Tech from $6.00 to $2.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. Finally, Wall Street Zen upgraded ESS Tech from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, ESS Tech has a consensus rating of “Reduce” and an average price target of $2.88.

ESS Tech Stock Up 146.8%

GWH opened at $4.25 on Friday. ESS Tech has a 12-month low of $0.76 and a 12-month high of $10.12. The stock has a market cap of $61.81 million, a price-to-earnings ratio of -0.68 and a beta of 1.23. The business has a 50 day moving average of $1.65 and a 200-day moving average of $1.80.

ESS Tech (NYSE:GWH) last released 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). ESS Tech had a negative net margin of 1,217.22% and a negative return on equity of 321.20%. The business had revenue of $2.36 million during the quarter, compared to analyst estimates of $0.60 million. As a group, analysts expect that ESS Tech will post -6.87 earnings per share for the current year.

About ESS Tech

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.