ESS Tech, Inc. (NYSE:GWH – Get Rating) – Research analysts at Oppenheimer said in a research report issued to clients and investors on Friday, November 4, ESS Tech’s 2025 earnings per share I lowered my estimate. Oppenheimer analyst C. Rusch now expects the company to earn annual earnings per share of $0.59, below his previous forecast of $0.60. ESS Tech’s current consensus forecast for annual earnings is ($0.49) per share.
ESS Tech (NYSE:GWH – Get Rating) last posted its quarterly earnings data on Thursday, Aug. 11. The company reported quarterly EPS ($0.10), beating consensus expectations ($0.16) by $0.06. The company made $690,000 in revenue for the quarter, but the consensus forecast was he was $0.1 million.
GWH has been the topic of several other research reports. EF Hutton Acquisition Co. I started writing his ESS Tech article in his research notes on Friday October 28th. They issued a ‘buy’ rating and a price target of $6.00. Canaccord Genuity Group began covering ESS Tech in a research note on Wednesday, July 13th. They set a “hold” rating and a price target of $3.75. Finally, Chardan Capital lowered his ESS Tech target price from $5.00 to $4.50, giving the stock a “neutral” rating in its research notes on Friday. Three research analysts gave the stock a hold rating and five assigned a buy rating to the stock. According to MarketBeat data, ESS Tech currently has an average rating of “moderate buy” with an average price target of $9.78.
ESS Tech shares drop 8.4%
NYSE GWH opened at $3.70 on Monday. The stock has a 50-day moving average price of $4.10 and a 200-day moving average price of $4.09. ESS Tech has a 52-week low of $2.59 and a 52-week high of $21.37. The company has a market capitalization of $567.08 million, a P/E ratio of -2.20 and a beta of 2.25.
Hedge fund considering ESS Tech
Recently, many institutional investors and hedge funds have changed their holdings of GWH. Principal Financial Group Inc. purchased approximately $33,000 worth of new shares in ESS Tech in the second quarter. Cetera Advisor Networks LLC purchased a new stake in his ESS Tech worth approximately $33,000 in the second quarter. First Republic Investment Management Inc. purchased a new stake in his ESS Tech worth approximately $36,000 in the second quarter. Arizona State Retirement System purchased new ESS Tech stock worth approximately $41,000 in the second quarter. Finally, Brighton Jones LLC purchased approximately $50,000 worth of new ESS Tech stock in the second quarter. Hedge funds and other institutional investors own 40.80% of the company’s shares.
In another ESS Tech news, CEO Eric P. Dresselhuys sold 110,082 shares of ESS Tech in a transaction that took place on Monday, October 17th. The shares sold at an average price of $3.72, giving him a total of $409,505.04. After the sale, the CEO now owns 1,381,859 shares of the company’s stock valued at approximately $5,140,515.48. The transaction was disclosed in SEC filings accessible via this hyperlink. In another ESS Tech news, CEO Eric P. Dresselhuys sold 110,082 shares of his ESS Tech stock in a transaction that took place on Monday, October 17th. The shares sold at an average price of $3.72, giving him a total of $409,505.04. After the sale, the CEO now owns 1,381,859 shares of the company’s stock valued at approximately $5,140,515.48. The transaction was disclosed in SEC filings accessible via this hyperlink. CFO Amir Moftakhar also sold 8,386 shares of ESS Tech in a transaction that took place on Wednesday, October 19. The shares were sold at an average price of $3.48 for a total of $29,183.28. Following the closing of the sale, the Chief Financial Officer now owns directly his 558,850 shares in the company, valued at approximately $1,944,798. Please see here for the disclosure of this sale. The insider sold his 198,013 shares of company stock worth $754,189 last quarter. 6.80% of the shares are currently owned by insiders.
About ESS Tech
ESS Tech, Inc, an energy storage company, designs and manufactures iron flow batteries for commercial and utility-scale energy storage applications worldwide. We provide energy storage products. This includes Energy Warehouse, an in-meter solution. And the most advanced solution, Energy Center. The company was founded in his 2011 and is headquartered in Wilsonville, Oregon.
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