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

ESS Tech, Inc. (NYSE:GWH) has received an average recommendation of “Hold” from the five brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $2.8333.

A number of equities research analysts have recently weighed in on GWH shares. Wall Street Zen downgraded ESS Tech from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of ESS Tech in a report on Monday, December 29th.

Hedge Funds Weigh In On ESS Tech

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in shares of ESS Tech during the 3rd quarter worth approximately $30,000. Yorkville Advisors Global LP bought a new position in ESS Tech during the 3rd quarter worth $74,000. Green Alpha Advisors LLC increased its position in ESS Tech by 1,016.7% in the fourth quarter. Green Alpha Advisors LLC now owns 118,683 shares of the company’s stock worth $223,000 after buying an additional 108,055 shares during the period. 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 buying an additional 79,657 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in shares of ESS Tech during the fourth quarter valued at $27,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

ESS Tech Stock Performance

NYSE:GWH opened at $1.43 on Tuesday. The company has a market capitalization of $33.43 million, a price-to-earnings ratio of -0.28 and a beta of 1.46. ESS Tech has a one year low of $0.76 and a one year high of $13.87. The stock has a 50-day simple moving average of $1.82 and a 200 day simple moving average of $2.35.

About ESS Tech

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.