ESS Tech
About: ESS Tech Inc is a long-duration energy storage company specializing in iron flow battery technology. The company design and produce long-duration batteries predominantly using earth-abundant materials.
Employees: 231
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
22.67% less ownership
Funds ownership: 50.21% [Q2] → 27.54% (-22.67%) [Q3]
52% less funds holding
Funds holding: 100 [Q2] → 48 (-52) [Q3]
71% less capital invested
Capital invested by funds: $71.8M [Q2] → $20.7M (-$51.2M) [Q3]
87% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 60
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 40
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$8
72%
upside
Avg. target
$8
72%
upside
High target
$8
72%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Canaccord Genuity George Gianarikas 52% 1-year accuracy 25 / 48 met price target | 72%upside $8 | Hold Maintained | 14 Nov 2024 |
Financial journalist opinion
Neutral
Seeking Alpha
1 month ago
ESS Tech Is A High-Risk Investment That May Reward A Patient Investor
ESS offers iron flow batteries for utilities, providing a cost-effective, non-toxic, and durable energy storage solution with a 10-year performance guarantee. ESS's technology is ready for market, with revenue expected from upcoming sales and strategic partnerships enhancing their global reach. The global demand for long-duration energy storage is projected to reach, 1000GW by 2030, presenting a significant market opportunity.
Neutral
Seeking Alpha
1 month ago
ESS Tech, Inc. (GWH) Q3 2024 Earnings Call Transcript
ESS Tech, Inc. (NYSE:GWH ) Q3 2024 Earnings Conference Call November 13, 2024 5:00 PM ET Company Participants Erik Bylin - Head of Investor Relations Eric Dresselhuys - Chief Executive Officer Anthony Rabb - Chief Financial Officer Conference Call Participants Justin Clare - ROTH Capital Partners Corinne Blanchard - Deutsche Bank Colin Rusch - Oppenheimer Ben Kallo - Baird George Gianarikas - Canaccord Genuity Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in a listen-only mode.
Negative
Zacks Investment Research
1 month ago
ESS Tech, Inc. (GWH) Reports Q3 Loss, Misses Revenue Estimates
ESS Tech, Inc. (GWH) came out with a quarterly loss of $1.90 per share versus the Zacks Consensus Estimate of a loss of $1.97. This compares to loss of $1.65 per share a year ago.
Neutral
Business Wire
1 month ago
ESS Tech, Inc. Announces Third Quarter 2024 Financial Results
WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS,” “ESS, Inc.” or the “Company”) (NYSE: GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced financial results for its third quarter ended September 30, 2024. “The core investment thesis for ESS remains as strong as ever – we have a massive and important emerging market opportunity in front of us, a top tier, forward-thinking customer base, and a differen.
Positive
Zacks Investment Research
1 month ago
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Neutral
Business Wire
2 months ago
ESS Inc. Schedules Third Quarter 2024 Financial Results Conference Call
WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS,” “ESS Inc.”) (NYSE:GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced that it will hold a conference call on Wednesday, November 13, 2024 at 5:00 p.m. EST to discuss financial results for its third quarter 2024 ended September 30, 2024. The news release announcing the third quarter 2024 financial results will be disseminated on November 13, 2024 after.
Neutral
Business Wire
2 months ago
ESS' Australian Partner Raises AU$65M in Public and Private Funds to Accelerate Iron Flow Deployments
WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (ESS) (NYSE: GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced that its Australian partner, Energy Storage Industries – Asia Pacific (ESI), has received an investment of AU$25 million (~US$17 million) from the Queensland Government and raised a further AU$40 million (~US$23 million) in private capital to accelerate the clean energy transition in Australia a.
Neutral
Seeking Alpha
4 months ago
ESS Tech, Inc. (GWH) Q2 2024 Earnings Call Transcript
ESS Tech, Inc. (NYSE:GWH ) Q2 2024 Results Conference Call August 14, 2024 5:00 PM ET Company Participants Erik Bylin - Head of IR Eric Dresselhuys - CEO Tony Rabb - CFO Conference Call Participants Justin Clare - ROTH MKM Davis Sunderland - Robert W. Baird Thomas Boyes - TD Cowen Operator Ladies and gentlemen, thank you for standing by.
Negative
Zacks Investment Research
4 months ago
ESS Tech, Inc. (GWH) Reports Q2 Loss, Misses Revenue Estimates
ESS Tech, Inc. (GWH) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.15 per share a year ago.
Neutral
Business Wire
4 months ago
ESS Tech, Inc. Announces Second Quarter 2024 Financial Results
WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS,” “ESS, Inc.” or the “Company”) (NYSE: GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced financial results for its second quarter ended June 30, 2024. “ESS made significant headway in the business in the second quarter and we continue to be encouraged by the growing imperative for Long Duration Energy Storage to be coupled to renewables. Importantly,.
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