ESS Tech (NYSE:GWH) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

ESS Tech (NYSE:GWH) posted its quarterly earnings results on Tuesday. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.02), FiscalAI reports. The business had revenue of $0.07 million for the quarter, compared to analyst estimates of $0.10 million.

Here are the key takeaways from ESS Tech’s conference call:

• Sodium-ion growth strategy expanded with early-stage opportunities approaching $1 billion, focused on data centers, critical infrastructure, and utilities.
• ESS signed LOIs with Juniper Energy for at least 500 MWh of sodium-ion deployments through 2032 and with Alsym Energy for 8.5 GWh of U.S.-made cell supply; the initial Juniper project targets 80 MWh for a California utility in 2027.
• The first Bridge sodium-ion module has begun charge-discharge testing, with the first full-scale 1.2 MWh system targeted to operate in-house toward the end of 2026. Management highlighted its non-flammable chemistry, broad temperature range, and plug-and-play design as advantages for data-center applications.
• Second-quarter revenue fell to $73,000 from $2.4 million, while the gross loss widened to $7.4 million and net loss increased to $15.6 million as legacy contracts wound down and product development continued.
• Liquidity remains a major risk: unrestricted cash was $10.8 million at quarter-end and approximately $5.6 million in cash and short-term investments as of July 31, with the company disclosing substantial doubt about its ability to continue as a going concern despite repaying $37 million of its $40 million Yorkville note.

ESS Tech Stock Performance

GWH opened at $0.63 on Wednesday. ESS Tech has a 1-year low of $0.57 and a 1-year high of $13.87. The company has a market cap of $18.52 million, a price-to-earnings ratio of -0.19 and a beta of 1.41. The company’s fifty day moving average price is $0.81 and its two-hundred day moving average price is $1.11. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.95.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GWH shares. Weiss Ratings reissued a “sell (e+)” rating on shares of ESS Tech in a research report on Friday, July 31st. Roth Capital reaffirmed a “buy” rating and issued a $2.00 target price on shares of ESS Tech in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.00.

Insider Activity

In other ESS Tech news, CEO Drew P. Buckley bought 25,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $1.03 per share, with a total value of $25,750.00. Following the completion of the transaction, the chief executive officer directly owned 25,000 shares in the company, valued at approximately $25,750. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold 8,890 shares of company stock worth $8,226 in the last ninety days. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On ESS Tech

Hedge funds have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. purchased a new position in shares of ESS Tech in the 4th quarter worth approximately $2,632,000. Arosa Capital Management LP increased its holdings in ESS Tech by 40.7% during the fourth quarter. Arosa Capital Management LP now owns 950,000 shares of the company’s stock worth $1,786,000 after buying an additional 274,583 shares during the last quarter. Geode Capital Management LLC lifted its stake in ESS Tech by 140.2% in the fourth quarter. Geode Capital Management LLC now owns 136,470 shares of the company’s stock valued at $257,000 after purchasing an additional 79,657 shares during the last quarter. State Street Corp lifted its position in shares of ESS Tech by 188.1% during the 4th quarter. State Street Corp now owns 46,975 shares of the company’s stock valued at $88,000 after buying an additional 30,671 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in shares of ESS Tech by 137.8% during the 4th quarter. XTX Topco Ltd now owns 49,609 shares of the company’s stock worth $93,000 after acquiring an additional 28,749 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

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.