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GWH

ESS Tech, Inc.

https://essinc.com

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.

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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

ESS Tech shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:51 pm

ESS Tech (NYSE:GWH) reported Q2 2024 GAAP EPS of $(0.12), missing the $(0.10) estimate. Sales were $348K, significantly below the $3.49M estimate and down 87.69% from last year's $2.83M.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:09 pm

ESS Tech has secured a $50 million financing package from the Export-Import Bank of the United States under the Make More In America initiative. This funding will help ESS expand its manufacturing capabilities, achieve cost efficiencies, and accelerate deployments.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 8:15 pm

ESS Tech, Inc. (NYSE:GWH) has been selected by Indian Energy and the California Energy Commission to demonstrate utility-scale resilient microgrids using their iron flow batteries. The project, part of the Rapid Integration and Commercialization Unit (RICU) at Marine Corps Air Station Miramar, is funded by a $4.85M agreement from the CEC.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:02 pm

The article lists industrial stocks that moved during Wednesday's after-market session. Notable gainers include Roma Green Finance, FTC Solar, and Armlogi Holding, while VCI Global, ShiftPixy, and ESS Tech were among the losers.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 8:31 pm

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