ESS Tech, Inc. (NYSE:GWH) Receives $14.58 Average PT from Analysts

ESS Tech, Inc. (NYSE:GWH) has earned an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $14.58.

GWH has been the topic of several recent analyst reports. Robert W. Baird downgraded ESS Tech from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $14.00 to $9.00 in a research report on Thursday, November 14th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $8.00 price target on shares of ESS Tech in a research report on Thursday, November 14th. Baird R W lowered ESS Tech from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, November 14th. Finally, Oppenheimer lowered ESS Tech from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th.

Institutional Trading of ESS Tech

Several institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new stake in ESS Tech in the 2nd quarter valued at $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in ESS Tech in the 2nd quarter valued at $148,000. AQR Capital Management LLC bought a new position in ESS Tech in the 2nd quarter valued at $84,000. Vanguard Personalized Indexing Management LLC bought a new position in ESS Tech in the 2nd quarter valued at $27,000. Finally, CWM LLC bought a new position in ESS Tech in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

ESS Tech Stock Down 3.4 %

Shares of NYSE GWH opened at $5.09 on Tuesday. The business’s 50 day moving average is $6.99 and its two-hundred day moving average is $8.68. The company has a market cap of $60.48 million, a P/E ratio of -0.78 and a beta of 1.33. ESS Tech has a 12 month low of $4.68 and a 12 month high of $20.10.

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.