ESS Tech (NYSE:GWH – Get Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, March 12th. Analysts expect the company to announce earnings of ($1.54) per share for the quarter.
ESS Tech Trading Down 2.7 %
GWH opened at $3.35 on Thursday. The firm has a market cap of $39.78 million, a price-to-earnings ratio of -0.51 and a beta of 1.31. ESS Tech has a 12 month low of $2.92 and a 12 month high of $14.10. The stock has a fifty day moving average price of $5.17 and a 200-day moving average price of $6.12.
Wall Street Analyst Weigh In
GWH has been the topic of several recent analyst reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $8.00 target price on shares of ESS Tech in a research report on Thursday, November 14th. Roth Capital lowered ESS Tech from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Roth Mkm lowered ESS Tech from a “buy” rating to a “neutral” rating and reduced their target price for the company from $17.00 to $3.00 in a research report on Tuesday. Baird R W lowered ESS Tech from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, November 14th. Finally, Robert W. Baird lowered ESS Tech from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $14.00 to $9.00 in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, ESS Tech has a consensus rating of “Hold” and an average price target of $11.33.
ESS Tech Company Profile
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.
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