From what 0 stock analysts predict, the share price for ESS Tech, Inc. (GWH) might increase by 108.65% in the next year. This is based on a 12-month average estimation for GWH. Price targets go from $9 to $45. The majority of stock analysts believe GWH is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
About 0 Wall Street analysts have assigned GWH 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect ESS Tech, Inc. to perform worse than the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on GWH. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of GWH.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Corinne Blanchard Deutsche Bank | Hold | $0.9 | Maintains | Aug 16, 2024 |
George Gianarikas Canaccord Genuity | Hold | $1 | Maintains | Aug 16, 2024 |
Thomas Boyes TD Cowen | Buy | $1.5 | Maintains | Aug 15, 2024 |
Justin Clare Roth MKM | Buy | $1.5 | Initiates | Jul 12, 2024 |
Deutsche Bank | Hold | Maintains | May 9, 2024 | |
Thomas Boyes TD Cowen | Buy | $2 | Maintains | May 8, 2024 |
Brian Dobson Chardan Capital | Neutral | $0.8 | Maintains | Mar 15, 2024 |
George Gianarikas Baird | Outperform | $3 | Maintains | Mar 14, 2024 |
George Gianarikas Canaccord Genuity | Hold | $1.25 | Maintains | Mar 14, 2024 |
Brian Dobson Chardan Capital | Neutral | $1.1 | Maintains | May 25, 2023 |
George Gianarikas Baird | Outperform | $4 | Maintains | May 11, 2023 |
Colin Rusch Oppenheimer | Outperform | $3 | Maintains | May 10, 2023 |
Chip Moore EF Hutton | Buy | $3 | Maintains | May 10, 2023 |
Brian Dobson Chardan Capital | Neutral | $1.8 | Maintains | Mar 3, 2023 |
Thomas Boyes TD Cowen | Outperform | $4.5 | Maintains | Mar 2, 2023 |
Chip Moore EF Hutton | Buy | $4 | Maintains | Mar 2, 2023 |
Brian Dobson Chardan Capital | Neutral | $4.5 | Maintains | Nov 4, 2022 |
Chip Moore EF Hutton | Buy | $6 | Initiates | Oct 28, 2022 |
Brian Dobson Chardan Capital | Neutral | $5 | Maintains | Aug 15, 2022 |
Chardan Capital | Neutral | Initiates | Jun 29, 2022 |
When did it IPO
2021
Staff Count
231
Country
United States
Sector/Industry
Industrials/Electrical Equipment & Parts
CEO
Mr. Eric P. Dresselhuys
Market Cap
$108.0M
In 2023, GWH generated $7.5M in revenue, which was a increase of 743.40% from the previous year. This can be seen as a signal that GWH's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Five stocks with increasing P/E ratios to consider are American Eagle Outfitters (AEO), Groupon (GRPN), Nextracker Inc. (NXT), ESS Tech (GWH), and Virgin Galactic (SPCE).
Why It Matters - Rising P/E ratios can signal growing investor confidence and potential growth, making these stocks intriguing for those seeking high-reward opportunities.
Summary - ESS Tech, Inc. (NYSE:GWH) will hold a conference call on November 13, 2024, at 5:00 p.m. EST to discuss its Q3 2024 financial results, to be released the same day.
Why It Matters - The upcoming conference call on ESS Tech's Q3 2024 results could significantly impact stock performance, providing insights into financial health and future growth potential in the energy storage sector.
Summary - ESS Tech's Australian partner, ESI, secured AU$25M from the Queensland Government and AU$40M in private capital to boost clean energy efforts in Australia.
Why It Matters - The funding for ESS's partner signals robust government and private support for clean energy, enhancing growth prospects and market confidence in ESS's long-duration energy storage technology.
Summary - ESS Tech, Inc. (NYSE:GWH) will hold its Q2 2024 results conference call on August 14, 2024, at 5:00 PM ET, featuring CEO Eric Dresselhuys and CFO Tony Rabb.
Why It Matters - The conference call indicates upcoming financial results for ESS Tech, which can reveal performance insights and future guidance, impacting stock price and investor sentiment.
Summary - ESS Tech, Inc. (NYSE: GWH) reported its Q2 2024 financial results, highlighting progress in long-duration energy storage systems amid increasing demand linked to renewable energy.
Why It Matters - ESS Tech's positive financial results and growth in long-duration energy storage signal increased demand for renewable energy solutions, potentially boosting its market position and investor confidence.
Summary - ESS Tech, Inc. reported a quarterly loss of $0.12 per share, worse than the estimated loss of $0.11, but an improvement from a loss of $0.15 per share in the previous year.
Why It Matters - ESS Tech's larger-than-expected quarterly loss signals potential operational challenges, impacting investor confidence and future profitability expectations.