Streetbeat News

GWH

ESS Tech, Inc.

Industry

Electrical Equipment & Parts

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.

Open

5.67

Mkt cap

68M

Volume

124K

High

6.09

P/E Ratio

-0.86

52-wk high

17.55

Low

5.57

Div yield

N/A

52-wk low

4.35

ESS Tech, Inc. (NYSE:GWH) held its Q3 2024 earnings conference call on November 13, 2024. Key participants included Erik Bylin, Eric Dresselhuys, and Anthony Rabb, with analysts from ROTH Capital Partners, Deutsche Bank, Oppenheimer, Baird, and Canaccord Genuity attending.

Portfolio Pulse from

November 14, 2024 | 1:30 am

ESS Tech, Inc. (GWH) reported a Q3 loss of $1.90 per share, slightly better than the Zacks Consensus Estimate of a $1.97 loss, but worse than the $1.65 loss per share from a year ago. The company also missed revenue estimates.

Portfolio Pulse from

November 13, 2024 | 11:30 pm

ESS Tech, Inc.'s Australian partner, Energy Storage Industries – Asia Pacific, has raised AU$65 million to accelerate iron flow battery deployments. This investment supports ESI's 400MW annual production target using ESS technology, with core components manufactured by ESS in the US.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:16 pm

Industrial sector stocks are rising after the Federal Reserve's decision to cut interest rates by 50 basis points, which is expected to boost investment and economic growth.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:39 pm

Deutsche Bank analyst Corinne Blanchard maintains a Hold rating on ESS Tech (NYSE:GWH) and lowers the price target from $2 to $1.4.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 5:09 pm

Workday, Inc. (NASDAQ:WDAY) shares surged 11.9% in pre-market trading after reporting better-than-expected Q2 financial results, with revenue of $2.08 billion and adjusted earnings of $1.75 per share. Several other stocks also showed significant pre-market movements, including Sequans Communications S.A. (NYSE:SQNS) and Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB).

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 10:53 am

Over the past three months, four analysts have evaluated ESS Tech (NYSE:GWH), showing a shift from bullish to indifferent sentiments. The average 12-month price target has decreased by 16.33%, with current targets ranging from $0.90 to $1.50. Analysts from Deutsche Bank, Canaccord Genuity, TD Cowen, and Roth MKM have all lowered their price targets, reflecting a negative sentiment shift.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 6:01 pm

Deutsche Bank analyst Corinne Blanchard maintains a Hold rating on ESS Tech (NYSE:GWH) but lowers the price target from $1.15 to $0.9.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 5:12 pm

Canaccord Genuity analyst George Gianarikas maintains a Hold rating on ESS Tech (NYSE:GWH) and lowers the price target from $1.25 to $1.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:50 am

TD Cowen analyst Thomas Boyes maintains a Buy rating on ESS Tech (NYSE:GWH) but lowers the price target from $2 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 3:25 pm

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