Symbols / GWH
GWH Chart
About
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; Energy Center, which is designed to allow customers to connect multiple units in various configurations and supporting energy storage projects ranging from sub-megawatt to tens-of-megawatt scale; and Energy Base, a gigawatt-scale storage product. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.
Fundamentals
Scroll to Statements| Sector | Industrials | Industry | Electrical Equipment & P | Market Cap | 45.05M |
| Enterprise Value | 25.74M | Income | -62.94M | Sales | 6.02M |
| Book/sh | -0.12 | Cash/sh | 0.18 | Dividend Yield | — |
| Payout | 0.00% | Employees | 240 | IPO | — |
| P/E | — | Forward P/E | -2.16 | PEG | — |
| P/S | 7.48 | P/B | -12.78 | P/C | — |
| EV/EBITDA | -0.45 | EV/Sales | 4.28 | Quick Ratio | 0.21 |
| Current Ratio | 0.49 | Debt/Eq | — | LT Debt/Eq | — |
| EPS (ttm) | -5.05 | EPS next Y | -0.68 | EPS Growth | — |
| Revenue Growth | -40.40% | Earnings | 2026-03-05 | ROA | -59.29% |
| ROE | -265.36% | ROIC | — | Gross Margin | 0.00% |
| Oper. Margin | -45.85% | Profit Margin | 0.00% | Shs Outstand | 30.65M |
| Shs Float | 15.76M | Short Float | 3.39% | Short Ratio | 1.54 |
| Short Interest | — | 52W High | 13.87 | 52W Low | 0.76 |
| Beta | 1.48 | Avg Volume | 479.85K | Volume | 266.94K |
| Target Price | $3.50 | Recom | None | Prev Close | $1.46 |
| Price | $1.47 | Change | 0.68% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$3.50
Mean price target
2. Current target
$1.47
Latest analyst target
3. DCF / Fair value
$-19.23
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.47
Low
$3.50
High
$3.50
Mean
$3.50
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2025-08-18 | main | Baird | Neutral → Neutral | $2 |
| 2025-04-01 | main | Canaccord Genuity | Hold → Hold | $3 |
| 2025-03-04 | down | Roth MKM | Buy → Neutral | $3 |
| 2024-11-14 | main | Canaccord Genuity | Hold → Hold | $8 |
| 2024-11-14 | down | Oppenheimer | Outperform → Perform | — |
| 2024-08-16 | main | Deutsche Bank | Hold → Hold | $1 |
| 2024-08-16 | main | Canaccord Genuity | Hold → Hold | $1 |
| 2024-08-15 | main | TD Cowen | Buy → Buy | $2 |
| 2024-07-12 | init | Roth MKM | — → Buy | $2 |
| 2024-05-09 | main | Deutsche Bank | Hold → Hold | $1 |
| 2024-05-08 | main | TD Cowen | Buy → Buy | $2 |
| 2024-03-15 | main | Chardan Capital | Neutral → Neutral | $1 |
| 2024-03-14 | main | Baird | Outperform → Outperform | $3 |
| 2024-03-14 | main | Canaccord Genuity | Hold → Hold | $1 |
| 2023-05-25 | main | Chardan Capital | Neutral → Neutral | $1 |
| 2023-05-11 | main | Baird | Outperform → Outperform | $4 |
| 2023-05-10 | main | Oppenheimer | — → Outperform | $3 |
| 2023-05-10 | main | EF Hutton | — → Buy | $3 |
| 2023-03-03 | main | Chardan Capital | — → Neutral | $2 |
| 2023-03-02 | main | EF Hutton | — → Buy | $4 |
News
RSS: Latest GWH news- GWH-WT ESS Tech, Inc. WT (NYSE) plunged to -15.22 on 24 Feb 2026: read why and what analysts note - Meyka Wed, 25 Feb 2026 01
- Iron-flow storage maker ESS Tech sets March 5 financial results call - Stock Titan hu, 19 Feb 2026 13
- GWH Stock Surges 196% On Strategic Battery Deal - Nasdaq Fri, 10 Oct 2025 07
- ESS Tech, Inc. (GWH) Reports Q3 Loss, Misses Revenue Estimates - Yahoo Finance hu, 13 Nov 2025 08
- Energy-storage veteran joins ESS Tech to lead long-duration push - Stock Titan hu, 19 Feb 2026 13
- Is ESS Tech Stock Built to Withstand More Downside? - Trefis Sun, 21 Dec 2025 08
- ESS Tech, Inc. Announces $15 Million Registered Direct Offering Priced at a Premium to Market - Business Wire hu, 29 Jan 2026 08
- Strength Seen in ESS Tech (GWH): Can Its 117.6% Jump Turn into More Strength? - Nasdaq ue, 14 Oct 2025 07
- Bears are Losing Control Over ESS Tech (GWH), Here's Why It's a 'Buy' Now - Yahoo Finance Fri, 15 Aug 2025 07
- GWH-WT ESS Tech, Inc. WT (NYSE) after hours down $14.70 on 05 Feb 2026: what traders should watch - Meyka Fri, 06 Feb 2026 08
- Wall Street tech investor takes helm at energy storage maker ESS Tech - Stock Titan ue, 06 Jan 2026 08
- Pre-Market Top Loser: GWH-WT (ESS Tech, NYSE) posts extreme drop on 12 Feb 2026: check liquidity - Meyka hu, 12 Feb 2026 07
- Could Utility Partnerships Like Salt River Project Shift ESS Tech’s (GWH) Competitive Edge in Storage? - Yahoo Finance Wed, 15 Oct 2025 07
- Iron-salt battery deal at ESS Tech targets cheaper clean energy - Stock Titan Wed, 18 Feb 2026 13
- $40M financing closed: ESS secures funding to advance 50 MWh Energy Base project in Arizona - Stock Titan ue, 14 Oct 2025 07
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 13513 | — | — | Stock Award(Grant) at price 0.00 per share. | NIGGLI MICHAEL R. | Director | — | 2025-10-13 00:00:00 | D |
| 1 | 13513 | — | — | Stock Award(Grant) at price 0.00 per share. | NIJHAWAN SANDEEP | Director | — | 2025-10-13 00:00:00 | D |
| 2 | 13513 | — | — | Stock Award(Grant) at price 0.00 per share. | GARABEDIAN RAFFI | Director | — | 2025-10-13 00:00:00 | D |
| 3 | 13513 | — | — | Stock Award(Grant) at price 0.00 per share. | QUARLS HARRY | Director | — | 2025-10-13 00:00:00 | D |
| 4 | 13513 | — | — | Stock Award(Grant) at price 0.00 per share. | WELLMAN ALEXI A. | Director | — | 2025-10-13 00:00:00 | D |
| 5 | 13513 | — | — | Stock Award(Grant) at price 0.00 per share. | TEAMEY KYLE | Director | — | 2025-10-13 00:00:00 | D |
| 6 | 13513 | — | — | Stock Award(Grant) at price 0.00 per share. | HOSSFELD RICH | Director | — | 2025-10-13 00:00:00 | D |
| 7 | 275000 | — | — | Stock Award(Grant) at price 0.00 per share. | TRIVEDI JIGISH DHIRAJLAL | Chief Operating Officer | — | 2025-08-18 00:00:00 | D |
| 8 | 42500 | — | — | Stock Award(Grant) at price 0.00 per share. | RABB ANTHONY A. | Chief Financial Officer | — | 2025-04-11 00:00:00 | D |
| 9 | 36930 | — | — | Stock Award(Grant) at price 0.00 per share. | GOODMAN KELLY F. | Chief Executive Officer | — | 2025-04-11 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.00 | 0.00 | 0.00 | 0.00 |
| NormalizedEBITDA | -85.19M | -81.68M | -129.76M | -59.10M |
| TotalUnusualItems | 115.00K | 2.29M | 25.79M | -415.56M |
| TotalUnusualItemsExcludingGoodwill | 115.00K | 2.29M | 25.79M | -415.56M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -86.22M | -77.58M | -77.97M | -477.12M |
| ReconciledDepreciation | 4.72M | 6.51M | 1.52M | 572.00K |
| ReconciledCostOfRevenue | 51.65M | 20.50M | 0.00 | |
| EBITDA | -85.07M | -79.39M | -103.97M | -474.66M |
| EBIT | -89.80M | -85.91M | -105.49M | -475.23M |
| NetInterestIncome | 3.57M | 5.26M | 2.19M | -1.89M |
| InterestExpense | 1.89M | |||
| InterestIncome | 3.57M | 5.26M | 2.19M | |
| NormalizedIncome | -86.34M | -79.87M | -103.76M | -61.56M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -86.22M | -77.58M | -77.97M | -477.12M |
| TotalExpenses | 96.09M | 93.44M | 106.39M | 60.60M |
| TotalOperatingIncomeAsReported | -89.80M | -85.91M | -105.49M | -60.60M |
| DilutedAverageShares | 11.77M | 10.66M | 10.18M | 5.55M |
| BasicAverageShares | 11.77M | 10.66M | 10.18M | 5.55M |
| DilutedEPS | -7.32 | -7.27 | -7.65 | -85.95 |
| BasicEPS | -7.32 | -7.27 | -7.65 | -85.95 |
| DilutedNIAvailtoComStockholders | -86.22M | -77.58M | -77.97M | -477.12M |
| NetIncomeCommonStockholders | -86.22M | -77.58M | -77.97M | -477.12M |
| NetIncome | -86.22M | -77.58M | -77.97M | -477.12M |
| NetIncomeIncludingNoncontrollingInterests | -86.22M | -77.58M | -77.97M | -477.12M |
| NetIncomeContinuousOperations | -86.22M | -77.58M | -77.97M | -477.12M |
| PretaxIncome | -86.22M | -77.58M | -77.97M | -477.12M |
| OtherIncomeExpense | 2.00K | 3.06M | 25.34M | -414.63M |
| OtherNonOperatingIncomeExpenses | -113.00K | 773.00K | -452.00K | 926.00K |
| SpecialIncomeCharges | 1.31M | -154.81M | ||
| OtherSpecialCharges | 154.81M | |||
| RestructuringAndMergernAcquisition | -1.31M | 154.81M | ||
| GainOnSaleOfSecurity | 115.00K | 2.29M | 25.79M | -260.75M |
| NetNonOperatingInterestIncomeExpense | 3.57M | 5.26M | 2.19M | -1.89M |
| InterestExpenseNonOperating | 1.89M | |||
| InterestIncomeNonOperating | 3.57M | 5.26M | 2.19M | |
| OperatingIncome | -89.80M | -85.91M | -105.49M | -60.60M |
| OperatingExpense | 44.44M | 72.95M | 106.39M | 60.60M |
| ResearchAndDevelopment | 11.77M | 42.63M | 71.98M | 30.27M |
| SellingGeneralAndAdministration | 32.67M | 30.32M | 34.41M | 30.33M |
| SellingAndMarketingExpense | 9.16M | 7.74M | 6.94M | 3.04M |
| GeneralAndAdministrativeExpense | 23.51M | 22.57M | 27.47M | 27.29M |
| OtherGandA | 23.51M | 22.57M | 27.47M | 27.29M |
| GrossProfit | -45.36M | -12.96M | 894.00K | |
| CostOfRevenue | 51.65M | 20.50M | 0.00 | |
| TotalRevenue | 6.29M | 7.54M | 894.00K | 0.00 |
| OperatingRevenue | 6.29M | 7.54M | 894.00K | 0.00 |
| Line Item | 2023-12-31 | |||
|---|---|---|---|---|
| TreasurySharesNumber | 0.00 | |||
| OrdinarySharesNumber | 11.99M | 11.61M | 10.25M | 10.12M |
| ShareIssued | 11.99M | 11.61M | 10.25M | 10.12M |
| TotalDebt | 1.69M | 2.54M | 5.87M | 3.77M |
| TangibleBookValue | 24.23M | 98.43M | 136.97M | 205.16M |
| InvestedCapital | 28.88M | 103.36M | 138.89M | 208.93M |
| WorkingCapital | 15.76M | 98.33M | 123.64M | 231.90M |
| NetTangibleAssets | 24.23M | 98.43M | 136.97M | 205.16M |
| CapitalLeaseObligations | 1.69M | 2.54M | 3.96M | 0.00 |
| CommonStockEquity | 28.88M | 103.36M | 136.97M | 205.16M |
| TotalCapitalization | 28.88M | 103.36M | 137.29M | 207.03M |
| TotalEquityGrossMinorityInterest | 28.88M | 103.36M | 136.97M | 205.16M |
| StockholdersEquity | 28.88M | 103.36M | 136.97M | 205.16M |
| RetainedEarnings | -782.38M | -696.16M | -618.58M | -540.61M |
| AdditionalPaidInCapital | 811.26M | 799.51M | 755.54M | 745.75M |
| CapitalStock | 1.00K | 1.00K | 16.00K | 16.00K |
| CommonStock | 1.00K | 1.00K | 16.00K | 16.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 42.93M | 39.88M | 36.58M | 45.04M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 15.33M | 20.11M | 8.59M | 31.42M |
| OtherNonCurrentLiabilities | 125.00K | 85.00K | 552.00K | |
| DerivativeProductLiabilities | 802.00K | 917.00K | 3.21M | 29.00M |
| NonCurrentDeferredLiabilities | 14.40M | 18.23M | 2.44M | 0.00 |
| NonCurrentDeferredRevenue | 14.40M | 18.23M | 2.44M | 0.00 |
| LongTermDebtAndCapitalLeaseObligation | 0.00 | 957.00K | 2.85M | 1.87M |
| LongTermCapitalLeaseObligation | 0.00 | 957.00K | 2.54M | 0.00 |
| LongTermDebt | 315.00K | 1.87M | ||
| CurrentLiabilities | 27.60M | 19.77M | 27.99M | 13.62M |
| OtherCurrentLiabilities | 1.08M | 680.00K | 1.41M | 541.00K |
| CurrentDeferredLiabilities | 5.24M | 2.55M | 6.17M | 3.81M |
| CurrentDeferredRevenue | 5.24M | 2.55M | 6.17M | 3.66M |
| CurrentDebtAndCapitalLeaseObligation | 1.69M | 1.58M | 3.02M | 1.90M |
| CurrentCapitalLeaseObligation | 1.69M | 1.58M | 1.42M | 0.00 |
| CurrentDebt | 1.60M | 1.90M | ||
| OtherCurrentBorrowings | 1.60M | 1.90M | ||
| PayablesAndAccruedExpenses | 19.59M | 14.96M | 17.39M | 7.38M |
| CurrentAccruedExpenses | 11.52M | 11.66M | 13.59M | 5.80M |
| Payables | 8.07M | 3.30M | 3.81M | 1.57M |
| OtherPayable | 545.00K | 770.00K | ||
| DuetoRelatedPartiesCurrent | 770.00K | 0.00 | ||
| AccountsPayable | 8.07M | 2.75M | 3.04M | 1.57M |
| TotalAssets | 71.81M | 143.23M | 173.55M | 250.20M |
| TotalNonCurrentAssets | 28.45M | 25.13M | 21.92M | 4.68M |
| OtherNonCurrentAssets | 1.71M | 1.78M | 946.00K | 180.00K |
| GoodwillAndOtherIntangibleAssets | 4.66M | 4.92M | 0.00 | |
| OtherIntangibleAssets | 4.66M | 4.92M | ||
| NetPPE | 22.09M | 18.43M | 20.97M | 4.50M |
| AccumulatedDepreciation | -13.53M | -9.28M | -2.84M | -1.72M |
| GrossPPE | 35.61M | 27.71M | 23.81M | 6.22M |
| Leases | 6.23M | 3.23M | 3.12M | 746.00K |
| ConstructionInProgress | 3.72M | 4.28M | 3.23M | 2.52M |
| OtherProperties | 1.50M | 2.17M | 3.40M | |
| MachineryFurnitureEquipment | 24.15M | 18.04M | 14.07M | 2.96M |
| BuildingsAndImprovements | 3.40M | 0.00 | ||
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 43.36M | 118.10M | 151.64M | 245.52M |
| OtherCurrentAssets | 614.00K | 771.00K | 477.00K | 259.00K |
| RestrictedCash | 906.00K | 1.37M | 1.21M | 1.22M |
| PrepaidAssets | 2.18M | 1.46M | 5.18M | 4.58M |
| Inventory | 5.64M | 3.37M | 0.00 | |
| InventoriesAdjustmentsAllowances | -16.60M | -11.29M | 0.00 | |
| FinishedGoods | 5.64M | 5.68M | 0.00 | |
| WorkInProcess | 4.52M | 1.24M | 0.00 | |
| RawMaterials | 12.08M | 7.74M | 0.00 | |
| Receivables | 2.42M | 3.07M | 4.95M | 517.00K |
| OtherReceivables | 2.20M | 1.08M | ||
| DuefromRelatedPartiesCurrent | 0.00 | 66.00K | ||
| AccountsReceivable | 215.00K | 1.99M | 4.95M | 451.00K |
| CashCashEquivalentsAndShortTermInvestments | 31.60M | 108.06M | 139.81M | 238.94M |
| OtherShortTermInvestments | 18.26M | 87.90M | 105.05M | 0.00 |
| CashAndCashEquivalents | 13.34M | 20.16M | 34.77M | 238.94M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -79.51M | -60.69M | -95.80M | -54.62M |
| RepurchaseOfCapitalStock | -297.00K | -310.00K | -2.81M | 0.00 |
| RepaymentOfDebt | 0.00 | -1.73M | -1.90M | -21.07M |
| IssuanceOfDebt | 0.00 | 20.00M | ||
| IssuanceOfCapitalStock | 0.00 | 27.13M | 0.00 | 27.02M |
| CapitalExpenditure | -7.29M | -5.79M | -14.18M | -2.77M |
| InterestPaidSupplementalData | 0.00 | 154.00K | 1.80M | |
| EndCashPosition | 15.20M | 22.48M | 36.66M | 240.23M |
| BeginningCashPosition | 22.48M | 36.66M | 240.23M | 6.39M |
| ChangesInCash | -7.29M | -14.17M | -203.58M | 233.84M |
| FinancingCashFlow | 174.00K | 25.65M | -4.07M | 288.45M |
| CashFlowFromContinuingFinancingActivities | 174.00K | 25.65M | -4.07M | 288.45M |
| NetOtherFinancingCharges | -214.00K | -22.00K | 251.51M | |
| ProceedsFromStockOptionExercised | 471.00K | 778.00K | 657.00K | 10.99M |
| NetPreferredStockIssuance | 0.00 | 27.02M | ||
| PreferredStockIssuance | 0.00 | 27.02M | ||
| NetCommonStockIssuance | -297.00K | 26.82M | -2.81M | 0.00 |
| CommonStockPayments | -297.00K | -310.00K | -2.81M | 0.00 |
| CommonStockIssuance | 0.00 | 27.13M | 0.00 | |
| NetIssuancePaymentsOfDebt | 0.00 | -1.73M | -1.90M | -1.07M |
| NetLongTermDebtIssuance | 0.00 | -1.73M | -1.90M | -1.07M |
| LongTermDebtPayments | 0.00 | -1.73M | -1.90M | -21.07M |
| LongTermDebtIssuance | 0.00 | 20.00M | ||
| InvestingCashFlow | 64.76M | 15.07M | -117.88M | -2.77M |
| CashFlowFromContinuingInvestingActivities | 64.76M | 15.07M | -117.88M | -2.77M |
| NetInvestmentPurchaseAndSale | 72.05M | 20.86M | -103.70M | 0.00 |
| PurchaseOfInvestment | -103.70M | 0.00 | ||
| NetPPEPurchaseAndSale | -7.29M | -5.79M | -14.18M | -2.77M |
| PurchaseOfPPE | -7.29M | -5.79M | -14.18M | -2.77M |
| OperatingCashFlow | -72.22M | -54.90M | -81.62M | -51.85M |
| CashFlowFromContinuingOperatingActivities | -72.22M | -54.90M | -81.62M | -51.85M |
| ChangeInWorkingCapital | -6.47M | -1.65M | 8.46M | 2.09M |
| ChangeInOtherWorkingCapital | -918.00K | 11.50M | 1.88M | 3.66M |
| ChangeInOtherCurrentLiabilities | -1.53M | -1.42M | -1.12M | 0.00 |
| ChangeInPayablesAndAccruedExpense | 4.68M | -3.12M | 9.90M | 3.10M |
| ChangeInAccruedExpense | 440.00K | -2.89M | 8.43M | 2.21M |
| ChangeInPayable | 4.24M | -229.00K | 1.46M | 886.00K |
| ChangeInAccountPayable | 4.24M | -229.00K | 1.46M | 886.00K |
| ChangeInPrepaidAssets | -1.62M | 2.42M | -311.00K | -4.67M |
| ChangeInInventory | -8.63M | -14.66M | 0.00 | |
| ChangeInReceivables | 1.55M | 3.63M | -1.89M | 0.00 |
| ChangesInAccountReceivables | 1.55M | 3.63M | -1.89M | 0.00 |
| OtherNonCashItems | -613.00K | -2.46M | 268.00K | 153.94M |
| StockBasedCompensation | 11.57M | 10.63M | 11.89M | 7.92M |
| ProvisionandWriteOffofAssets | -948.00K | |||
| AssetImpairmentCharge | 4.90M | 11.93M | 0.00 | |
| DepreciationAmortizationDepletion | 4.72M | 6.51M | 1.52M | 572.00K |
| DepreciationAndAmortization | 4.72M | 6.51M | 1.52M | 572.00K |
| Depreciation | 572.00K | |||
| OperatingGainsLosses | -115.00K | -2.29M | -25.79M | 260.75M |
| GainLossOnInvestmentSecurities | -115.00K | -2.29M | -25.79M | 260.75M |
| NetIncomeFromContinuingOperations | -86.22M | -77.58M | -77.97M | -477.12M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for GWH
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|