ESS Tech, Inc. (NYSE:GWH) Receives Consensus Rating of “Hold” from Analysts

ESS Tech, Inc. (NYSE:GWH) has received a consensus rating of “Hold” from the five analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $2.8333.

A number of analysts have issued reports on GWH shares. Wall Street Zen raised ESS Tech from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of ESS Tech in a research report on Monday, December 29th. Finally, Roth Mkm set a $3.50 price target on ESS Tech and gave the company a “buy” rating in a report on Friday, October 10th.

ESS Tech Stock Up 5.5%

NYSE GWH opened at $1.91 on Friday. ESS Tech has a 52 week low of $0.76 and a 52 week high of $13.87. The firm has a 50 day moving average of $2.12 and a two-hundred day moving average of $2.36. The stock has a market capitalization of $37.47 million, a PE ratio of -0.37 and a beta of 1.46.

ESS Tech (NYSE:GWH) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.73) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.76) by $0.03. The business had revenue of $0.21 million during the quarter, compared to analysts’ expectations of $5.65 million. ESS Tech had a negative net margin of 1,045.28% and a negative return on equity of 592.34%. On average, equities research analysts expect that ESS Tech will post -6.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ESS Tech

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in ESS Tech in the third quarter valued at $30,000. Yorkville Advisors Global LP purchased a new stake in shares of ESS Tech in the 3rd quarter valued at about $74,000. Finally, Green Alpha Advisors LLC boosted its position in shares of ESS Tech by 1,016.7% in the 4th quarter. Green Alpha Advisors LLC now owns 118,683 shares of the company’s stock valued at $223,000 after purchasing an additional 108,055 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

ESS Tech Company Profile

ESS Tech, Inc (NYSE: GWH) is a Portland, Oregon‐based company specializing in long‐duration iron flow battery energy storage solutions. The company’s core business centers on the design, manufacture and deployment of modular battery systems that store electricity using an iron‐chloride electrochemical process. These systems are engineered to support grid operators, utilities, commercial and industrial customers in integrating renewable power, managing peak loads and ensuring reliable back‐up power.

At the heart of ESS Tech’s offering is its “Energy Warehouse,” a containerized flow battery system featuring non‐toxic, fully recyclable materials and a simple architecture that separates energy storage capacity from power output.