Sidoti Has Negative Outlook for ESS Tech Q3 Earnings

ESS Tech, Inc. (NYSE:GWH) – Equities researchers at Sidoti lowered their Q3 2026 earnings estimates for ESS Tech in a research note issued to investors on Monday, August 24th. Sidoti analyst A. Hantman now anticipates that the company will earn ($0.33) per share for the quarter, down from their previous forecast of ($0.31). The consensus estimate for ESS Tech’s current full-year earnings is ($1.55) per share. Sidoti also issued estimates for ESS Tech’s Q4 2026 earnings at ($0.21) EPS, FY2026 earnings at ($1.42) EPS, Q1 2027 earnings at ($0.13) EPS, Q2 2027 earnings at ($0.10) EPS, Q3 2027 earnings at ($0.08) EPS, Q4 2027 earnings at ($0.05) EPS and FY2027 earnings at ($0.35) EPS.

ESS Tech (NYSE:GWH) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.02). The business had revenue of $0.07 million during the quarter, compared to analysts’ expectations of $0.10 million.

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

ESS Tech Stock Down 4.4%

ESS Tech stock opened at $0.37 on Wednesday. The firm has a market capitalization of $12.26 million, a price-to-earnings ratio of -0.13 and a beta of 1.41. The company’s 50 day simple moving average is $0.75 and its 200 day simple moving average is $1.02. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.68 and a quick ratio of 0.67. ESS Tech has a fifty-two week low of $0.34 and a fifty-two week high of $13.87.

Insider Activity at ESS Tech

In other ESS Tech news, CEO Drew P. Buckley bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of $1.03 per share, with a total value of $25,750.00. Following the acquisition, the chief executive officer owned 25,000 shares of the company’s stock, valued at $25,750. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On ESS Tech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arosa Capital Management LP raised its holdings in ESS Tech by 40.7% in the 4th quarter. Arosa Capital Management LP now owns 950,000 shares of the company’s stock valued at $1,786,000 after acquiring an additional 274,583 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of ESS Tech during the fourth quarter worth approximately $2,632,000. XTX Topco Ltd lifted its holdings in 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 purchasing an additional 28,749 shares during the last quarter. Engineers Gate Manager LP bought a new stake in ESS Tech in the 4th quarter valued at $31,000. Finally, State Street Corp boosted its stake in ESS Tech by 188.1% in the 4th quarter. State Street Corp now owns 46,975 shares of the company’s stock valued at $88,000 after purchasing an additional 30,671 shares during the period. 46.77% of the stock is owned by institutional investors.

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.