ESS Tech
GWH
Market cap $91.2M

7.68 USD

-0.45

5.54%

At close Oct 17, 4:00 PM EDT

1 day

-5.54%

5 days

4.49%

1 month

24.88%

3 months

-39.48%

6 months

-23.05%

Year to date

-56.24%

1 year

-71.07%

5 years

-95.09%

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

Industrials Miscellaneous Electrical Machinery, Equipment & Supplies

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

3% more capital invested

Capital invested by funds: $41M [Q1] → $42.2M (+$1.25M) [Q2]

2.89% less ownership

Funds ownership: 32.4% [Q1] → 29.51% (-2.89%) [Q2]

3% less funds holding

Funds holding: 102 [Q1] → 99 (-3) [Q2]

10% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 29

38% less call options, than puts

Call options by funds: $28K | Put options by funds: $45K

38% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 29

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Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$0.90

88%

downside

Avg. target

$1.13

85%

downside

High target

$1.50

80%

downside

3 analyst ratings

1 positive

33%

2 neutral

67%

0 negative

0%

Deutsche Bank Corinne Blanchard 0% 1-year accuracy 0 / 4 met price target	88%downside $0.90	Hold Maintained	16 Aug 2024
Canaccord Genuity George Gianarikas 45% 1-year accuracy 13 / 29 met price target	87%downside $1	Hold Maintained	16 Aug 2024
TD Cowen Thomas Boyes 25% 1-year accuracy 1 / 4 met price target	80%downside $1.50	Buy Maintained	15 Aug 2024

See Analyst Rankings

Financial journalist opinion

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.

ESS' Australian Partner Raises AU$65M in Public and Private Funds to Accelerate Iron Flow Deployments

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.

ESS Tech, Inc. (GWH) Q2 2024 Earnings Call Transcript

Zacks Investment Research

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.

ESS Tech, Inc. (GWH) Reports Q2 Loss, Misses Revenue Estimates

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,.

ESS Tech, Inc. Announces Second Quarter 2024 Financial Results

ESS Celebrates $50M Manufacturing Expansion at Oregon Headquarters Funded by U.S. Export-Import Bank's Make More in America Initiative

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 hosted a ribbon-cutting event to celebrate the company's growing domestic manufacturing capacity. ESS became the first energy storage manufacturer to be supported by the Make More in America Initiative of the Export-Import Bank of the United States (EXIM) with the recent approval of a $50 million financin.

ESS Celebrates $50M Manufacturing Expansion at Oregon Headquarters Funded by U.S. Export-Import Bank's Make More in America Initiative

Zacks Investment Research

ESS Tech, Inc. (GWH) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

ESS Tech (GWH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

ESS Tech, Inc. (GWH) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

ESS Inc. Schedules Second 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, August 14, 2024 at 5:00 p.m. EDT to discuss financial results for its second quarter 2024 ended June 30, 2024. The news release announcing the second quarter 2024 financial results will be disseminated on August 14, 2024 after the ma.

ESS Inc. Schedules Second Quarter 2024 Financial Results Conference Call

Make More in America Initiative to Fund Expansion of ESS's Long-Duration Energy Storage Manufacturing Capacity

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 a financing package of $50 million was approved by the Export-Import Bank of the United States (EXIM) Board of Directors under the Make More in America Initiative. This financing will fund the expansion of ESS' production capacity in Wilsonville, Ore. to meet rapidly growing global demand f.

Make More in America Initiative to Fund Expansion of ESS's Long-Duration Energy Storage Manufacturing Capacity

ESS' Iron Flow Batteries Selected by Indian Energy and the California Energy Commission to Demonstrate Utility-Scale Resilient Microgrids

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc., (ESS) (NYSE: GWH), a leading manufacturer of long-duration energy storage (LDES) systems for commercial and utility-scale energy storage applications, today announced that it will participate in the Rapid Integration and Commercialization Unit (RICU) at Marine Corps Air Station Miramar. The RICU is a living laboratory for testing how leading LDES technologies can be integrated into utility-scale microgrid applications. The RICU is a venture be.

ESS' Iron Flow Batteries Selected by Indian Energy and the California Energy Commission to Demonstrate Utility-Scale Resilient Microgrids

ESS's Energy Center Receives Smarter E Innovation Award Underscoring Critical Role of LDES in Clean Energy Transition

MUNICH--(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 Energy Center™ system was awarded the Smarter E Award for Energy Storage Technologies at the smarter E Award ceremony occurring in advance of Intersolar Europe in Munich, Germany. The smarter E Award is adjudicated by a select group of independent industry experts, analysts and academics, and is o.

ESS's Energy Center Receives Smarter E Innovation Award Underscoring Critical Role of LDES in Clean Energy Transition

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