Industrials -
Electrical Equipment & Parts - NYSE - US
$ 5.7
3.45 %
$ 67.7 M
Market Cap
-0.86
P/E
1. INTRINSIC VALUE
Balance Sheet
ESS Tech, Inc.
| Current Assets | 118 M |
| Cash & Short-Term Investments | 108 M |
| Receivables | 2.24 M |
| Other Current Assets | 7.79 M |
| Non-Current Assets | 25.1 M |
| Long-Term Investments | 0 |
| PP&E | 18.4 M |
| Other Non-Current Assets | 6.7 M |
| Current Liabilities | 19.8 M |
| Accounts Payable | 2.76 M |
| Short-Term Debt | 1.58 M |
| Other Current Liabilities | 15.4 M |
| Non-Current Liabilities | 20.1 M |
| Long-Term Debt | 957 K |
| Other Non-Current Liabilities | 19.2 M |
EFFICIENCY
Earnings Waterfall
ESS Tech, Inc.
| Revenue | 7.54 M |
| Cost Of Revenue | 20.5 M |
| Gross Profit | -13 M |
| Operating Expenses | 73 M |
| Operating Income | -85.9 M |
| Other Expenses | -8.33 M |
| Net Income | -77.6 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
ESS Tech, Inc.
| Net Income | -77.6 M |
| Depreciation & Amortization | 6.51 M |
| Capital Expenditures | -5.79 M |
| Stock-Based Compensation | 10.6 M |
| Change in Working Capital | -1.64 M |
| Others | 16.8 M |
| Free Cash Flow | -60.7 M |
Wall Street Analysts Price Targets
ESS Tech, Inc.
Wall Street analysts predict an average 1-year price target for GWH of $3.88 , with forecasts ranging from
a
low of
$1.25 to a high of $9 .
GWH Lowest Price Target
Wall Street Target
1.25 USD
-78.07%
GWH Average Price Target
Wall Street Target
3.88 USD
-31.87%
GWH Highest Price Target
Wall Street Target
9 USD
57.89%
4. DIVIDEND
ANALYSIS
GWH does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
ESS Tech, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
40 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
5.23 K USD 1
0-3 MONTHS
956 USD 1
3-6 MONTHS
81.8 K USD 2
6-9 MONTHS
1.81 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Nov 18, 2024
|
Bought
5.23 K USD
|
Dresselhuys Eric P.
Chief Executive Officer
|
+ 1000
|
5.2271 USD |
|
4 months ago
Sep 11, 2024
|
Sell 40 K
USD
|
Nijhawan Sandeep
Director
|
- 7000
|
5.72 USD |
|
4 months ago
Aug 30, 2024
|
Bought
956 USD
|
Teamey Kyle
Director
|
+ 142
|
6.73 USD |
|
8 months ago
May 14, 2024
|
Bought
987 USD
|
Teamey Kyle
Director
|
+ 1250
|
0.7899 USD |
|
8 months ago
May 10, 2024
|
Bought
45 K USD
|
Quarls Harry
Director
|
+ 57310
|
0.785 USD |
|
8 months ago
May 09, 2024
|
Bought
35.8 K USD
|
Quarls Harry
Director
|
+ 42690
|
0.839 USD |
|
10 months ago
Mar 15, 2024
|
Bought
1.67 K USD
|
Hossfeld Rich
Director
|
+ 2300
|
0.7258 USD |
|
10 months ago
Mar 15, 2024
|
Bought
145 USD
|
Hossfeld Rich
Director
|
+ 200
|
0.7257 USD |
|
1 year ago
Nov 16, 2023
|
Bought
6.87 K USD
|
Quarls Harry
Director
|
+ 5489
|
1.2508 USD |
|
1 year ago
Nov 15, 2023
|
Bought
90.3 K USD
|
Quarls Harry
Director
|
+ 67118
|
1.3455 USD |
|
1 year ago
Nov 14, 2023
|
Bought
102 K USD
|
Quarls Harry
Director
|
+ 80579
|
1.2695 USD |
|
1 year ago
Nov 13, 2023
|
Bought
51.6 K USD
|
Quarls Harry
Director
|
+ 46814
|
1.1029 USD |
|
1 year ago
Nov 13, 2023
|
Bought
1.11 K USD
|
Teamey Kyle
Director
|
+ 1000
|
1.1063 USD |
|
1 year ago
May 16, 2023
|
Bought
8.1 K USD
|
NIGGLI MICHAEL R
Director
|
+ 10000
|
0.8104 USD |
|
1 year ago
May 16, 2023
|
Bought
8.06 K USD
|
Hossfeld Rich
Director
|
+ 10000
|
0.8055 USD |
|
1 year ago
May 15, 2023
|
Bought
84.3 USD
|
Teamey Kyle
Director
|
+ 100
|
0.8434 USD |
|
1 year ago
May 15, 2023
|
Bought
3.29 K USD
|
Teamey Kyle
Director
|
+ 3900
|
0.8433 USD |
|
1 year ago
May 12, 2023
|
Bought
22.6 K USD
|
NIGGLI MICHAEL R
Director
|
+ 20000
|
1.1296 USD |
|
1 year ago
Mar 06, 2023
|
Bought
8.25 K USD
|
NIGGLI MICHAEL R
Director
|
+ 5000
|
1.65 USD |
|
1 year ago
Mar 07, 2023
|
Bought
4.01 K USD
|
Teamey Kyle
Director
|
+ 2500
|
1.605 USD |
|
1 year ago
Feb 21, 2023
|
Sell 47.8 K
USD
|
Dresselhuys Eric P.
Chief Executive Officer
|
- 23440
|
2.04 USD |
|
1 year ago
Feb 21, 2023
|
Sell 11.3 K
USD
|
Evans Craig E
President
|
- 5536
|
2.04 USD |
|
1 year ago
Feb 21, 2023
|
Sell 0
USD
|
Evans Craig E
President
|
- 4915
|
0 USD |
|
2 years ago
Dec 15, 2022
|
Bought
48.9 K USD
|
NIGGLI MICHAEL R
Director
|
+ 19100
|
2.56 USD |
|
2 years ago
Nov 21, 2022
|
Sell 54.8 K
USD
|
Dresselhuys Eric P.
Chief Executive Officer
|
- 14339
|
3.8188 USD |
|
2 years ago
Nov 21, 2022
|
Sell 176 K
USD
|
Evans Craig E
President
|
- 50000
|
3.5187 USD |
|
2 years ago
Nov 21, 2022
|
Sell 31.4 K
USD
|
Evans Craig E
President
|
- 8217
|
3.8188 USD |
|
2 years ago
Nov 18, 2022
|
Sell 197 K
USD
|
Evans Craig E
President
|
- 50000
|
3.9337 USD |
|
2 years ago
Nov 21, 2022
|
Sell 24.2 K
USD
|
Evans Craig E
President
|
- 6350
|
3.8188 USD |
|
2 years ago
Oct 19, 2022
|
Sell 14.6 K
USD
|
Moftakhar Amir
Chief Financial Officer
|
- 4193
|
3.4819 USD |
|
2 years ago
Oct 19, 2022
|
Sell 14.6 K
USD
|
Moftakhar Amir
Chief Financial Officer
|
- 4193
|
3.4819 USD |
|
2 years ago
Oct 17, 2022
|
Sell 60.8 K
USD
|
Evans Craig E
President
|
- 16340
|
3.72 USD |
|
2 years ago
Oct 17, 2022
|
Sell 47 K
USD
|
Evans Craig E
President
|
- 12628
|
3.72 USD |
|
2 years ago
Oct 17, 2022
|
Sell 212 K
USD
|
Dresselhuys Eric P.
Chief Executive Officer
|
- 57027
|
3.72 USD |
|
2 years ago
Oct 17, 2022
|
Sell 53 K
USD
|
Dresselhuys Eric P.
Chief Executive Officer
|
- 14259
|
3.72 USD |
|
2 years ago
Oct 17, 2022
|
Sell 72.2 K
USD
|
Dresselhuys Eric P.
Chief Executive Officer
|
- 19398
|
3.72 USD |
|
2 years ago
Oct 17, 2022
|
Sell 72.2 K
USD
|
Dresselhuys Eric P.
Chief Executive Officer
|
- 19398
|
3.72 USD |
|
2 years ago
Oct 17, 2022
|
Sell 62.2 K
USD
|
Moftakhar Amir
Chief Financial Officer
|
- 16720
|
3.72 USD |
|
2 years ago
Oct 17, 2022
|
Sell 254 K
USD
|
Moftakhar Amir
Chief Financial Officer
|
- 63205
|
4.0252 USD |
|
2 years ago
Mar 01, 2022
|
Bought
100 K USD
|
NIGGLI MICHAEL R
director:
|
+ 20000
|
5.0084 USD |
|
2 years ago
Jan 24, 2022
|
Sell 8.12 K
USD
|
Evans Craig E
President
|
- 1342
|
6.0528 USD |
|
2 years ago
Jan 24, 2022
|
Sell 361 K
USD
|
Dresselhuys Eric P.
Chief Executive Officer
|
- 59642
|
6.0528 USD |
7. News
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.
seekingalpha.com
- 2 months 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.
seekingalpha.com
- 2 months 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.
zacks.com
- 2 months 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.
businesswire.com
- 2 months ago
Bet on 5 Top-Ranked Stocks With Rising P/E
Tap five stocks with increasing P/E ratios to try an an out-of-the-box approach. These stocks include American Eagle Outfitters (AEO), Groupon (GRPN), Nextracker Inc. (NXT), ESS Tech (GWH) and Virgin Galactic (SPCE).
zacks.com
- 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.
businesswire.com
- 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.
businesswire.com
- 3 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.
seekingalpha.com
- 5 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.
zacks.com
- 5 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,.
businesswire.com
- 5 months ago
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.
zacks.com
- 5 months ago
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.
businesswire.com
- 6 months ago
8. Profile
Summary
ESS Tech, Inc. GWH
COUNTRY
US
INDUSTRY
Electrical Equipment & Parts
MARKET CAP
$ 67.7 M
Dividend Yield
0.00%
Description
ESS Tech, Inc., an energy storage company, designs and produces iron flow batteries for commercial and utility-scale energy storage applications worldwide. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; and Energy Center, a front-of-the-meter solution. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.
Contact
Building 83, Wilsonville, OR, 97070
https://essinc.com
IPO
Date
Jan. 4, 2021
Employees
231
Officers
Mr. Chris Montgomery
Senior Vice President of Supply Chain
Erik Bylin
Head of Investor Relations
Mr. Brian Lisiecki
Chief Information Officer
Mr. Anthony A. Rabb
Chief Financial Officer
Ms. Kelly F. Goodman J.D.
Corporate Secretary & Vice President of Legal
Mr. Hugh McDermott
Senior Vice President of Sales & Business Development
Dr. Benjamin Heng
Executive Vice President of Engineering
Mr. Eric P. Dresselhuys
Chief Executive Officer & Director