ESS Tech (NYSE:GWH – Get Free Report) is expected to be issuing 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 Stock Performance
Shares of ESS Tech stock opened at $3.35 on Thursday. The stock has a market cap of $39.78 million, a price-to-earnings ratio of -0.51 and a beta of 1.31. The stock has a 50 day moving average price of $5.17 and a 200-day moving average price of $6.12. ESS Tech has a one year low of $2.92 and a one year high of $14.10.
Analyst Ratings Changes
A number of research firms recently issued reports on GWH. Roth Mkm cut ESS Tech from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $17.00 to $3.00 in a report on Tuesday. Baird R W cut ESS Tech from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, November 14th. Oppenheimer cut ESS Tech from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Robert W. Baird cut ESS Tech from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $14.00 to $9.00 in a report on Thursday, November 14th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $8.00 price objective on shares of ESS Tech in a report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.33.
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.
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