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

ESS Tech, Inc. (NYSE:GWH) has received a consensus rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $14.58.

Several brokerages recently weighed in on GWH. Baird R W downgraded shares of ESS Tech from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, November 14th. Robert W. Baird downgraded shares of ESS Tech from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $14.00 to $9.00 in a report on Thursday, November 14th. Canaccord Genuity Group reiterated a “hold” rating and issued a $8.00 price target on shares of ESS Tech in a report on Thursday, November 14th. Finally, Oppenheimer cut shares of ESS Tech from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th.

Institutional Investors Weigh In On ESS Tech

A number of institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in ESS Tech in the 2nd quarter valued at $148,000. AQR Capital Management LLC acquired a new stake in ESS Tech in the 2nd quarter valued at $84,000. Point72 DIFC Ltd acquired a new stake in ESS Tech in the 2nd quarter valued at $32,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in ESS Tech in the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

ESS Tech Trading Up 1.5 %

Shares of NYSE:GWH opened at $5.50 on Wednesday. ESS Tech has a twelve month low of $4.35 and a twelve month high of $16.80. The company’s 50 day moving average is $5.57 and its 200 day moving average is $7.33. The company has a market cap of $65.34 million, a PE ratio of -0.84 and a beta of 1.32.

About ESS Tech

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.