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

5.20

Mkt cap

61M

Volume

36K

High

5.41

P/E Ratio

-0.77

52-wk high

20.10

Low

5.05

Div yield

N/A

52-wk low

4.68

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

The article highlights the performance of 12 industrial stocks during Tuesday's after-market session. Notable gainers include Simpple, Desktop Metal, Westwater Resources, BlackSky Technology, Aqua Metals, and ESS Tech. On the losing side, Complete Solaria, Nocera, AERWINS Technologies, Ault Alliance, Pineapple Energy, and Fluence Energy saw declines.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 8:30 pm

Insiders at ESS Tech, Cerus, and Sabre have recently made significant stock purchases, signaling potential confidence in their companies' futures. ESS Tech's director bought shares following a narrower quarterly loss, Cerus saw an increase in product revenue, and Sabre reported strong first-quarter results with an updated revenue outlook.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 11:21 am

TD Cowen analyst Thomas Boyes maintains a Buy rating on ESS Tech (NYSE:GWH) but lowers the price target from $2.5 to $2.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:21 pm

ESS Tech (NYSE:GWH) reported Q1 2024 earnings with a GAAP EPS of $(0.10), beating estimates by 9.09% but missed sales estimates with $2.738M against a forecast of $3.217M. Despite the sales miss, this represents a significant increase in sales and a reduction in losses compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:20 pm

In Thursday's after-market session, several industrials stocks saw significant movements. Argan, Pineapple Energy, Safe & Green Holdings, ESS Tech, Controladora Vuela, and Azul were among the gainers, with Argan leading after announcing Q4 earnings. On the downside, Nature's Miracle Holding, CEA Industries, Nauticus Robotics, Tecnoglass, noco-noco, and Momentus experienced declines, with Nature's Miracle Holding and CEA Industries facing the steepest drops.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 8:31 pm

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