Symbols / GWH $1.30 +2.36%
GWH Chart
About
ESS Tech, Inc., an energy storage company, engages in the design and production of 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 the gigawatt-hour energy base storage product, a fully configurable layout that integrates with any site location and that allows the power to be decoupled from the capacity. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.
Fundamentals
Scroll to Statements| Sector | Industrials | Industry | Electrical Equipment & P | Market Cap | 39.84M |
| Enterprise Value | 34.47M | Income | -63.44M | Sales | 1.58M |
| Book/sh | 0.39 | Cash/sh | 0.81 | Dividend Yield | — |
| Payout | 0.00% | Employees | 62 | IPO | — |
| P/E | — | Forward P/E | -1.91 | PEG | — |
| P/S | 25.17 | P/B | 3.38 | P/C | — |
| EV/EBITDA | -0.69 | EV/Sales | 21.78 | Quick Ratio | 0.93 |
| Current Ratio | 1.04 | Debt/Eq | 245.75 | LT Debt/Eq | — |
| EPS (ttm) | -5.05 | EPS next Y | -0.68 | EPS Growth | — |
| Revenue Growth | — | Earnings | 2026-05-07 | ROA | -56.62% |
| ROE | -3.38% | ROIC | — | Gross Margin | 0.00% |
| Oper. Margin | 10.20% | Profit Margin | 0.00% | Shs Outstand | 30.65M |
| Shs Float | 21.75M | Short Float | 4.09% | Short Ratio | 2.15 |
| Short Interest | — | 52W High | 13.87 | 52W Low | 0.76 |
| Beta | 1.50 | Avg Volume | 585.42K | Volume | 190.97K |
| Target Price | $2.50 | Recom | Strong_buy | Prev Close | $1.27 |
| Price | $1.30 | Change | 2.36% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$2.50
Mean price target
2. Current target
$1.30
Latest analyst target
3. DCF / Fair value
$-19.58
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.30
Low
$2.50
High
$2.50
Mean
$2.50
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-03-06 | main | Roth Capital | Buy → Buy | $3 |
| 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 |
News
RSS: Latest GWH news- Wall Street tech investor takes helm at energy storage maker ESS Tech - Stock Titan ue, 06 Jan 2026 08
- $GWH stock is down 9% today. Here's what we see in our data. - Quiver Quantitative ue, 03 Mar 2026 19
- Goodman, ESS tech CSO, sells $3494 in GWH stock - Investing.com hu, 26 Feb 2026 08
- ESS Tech (GWH) Draws Analyst Attention Following Earnings - Yahoo Finance ue, 10 Mar 2026 12
- ESS Tech (GWH) Price Target Increased by 27.27% to 3.57 - Nasdaq ue, 13 Jan 2026 08
- GWH: Roth Capital Lowers Price Target, Maintains Buy Rating | GW - GuruFocus Fri, 06 Mar 2026 18
- ESS to brief investors on Google energy-storage collaboration at ROTH - Stock Titan ue, 10 Mar 2026 12
- ESS Tech, Inc. (GWH) Reports Q3 Loss, Misses Revenue Estimates - Yahoo Finance hu, 13 Nov 2025 08
- Google backs Arizona pilot of non-lithium grid battery from ESS - Stock Titan ue, 03 Mar 2026 08
- Iron-flow storage maker ESS Tech sets March 5 financial results call - Stock Titan hu, 19 Feb 2026 08
- [Form 4] ESS Tech, Inc. Insider Trading Activity - Stock Titan hu, 26 Feb 2026 08
- Space Force Alaska base to test 27 MWh US-made battery from ESS Tech - Stock Titan hu, 29 Jan 2026 08
- ESS Tech (NYSE: GWH) trims 2025 losses but leans on new financings - Stock Titan hu, 05 Mar 2026 21
- $40M financing closed: ESS secures funding to advance 50 MWh Energy Base project in Arizona - Stock Titan ue, 14 Oct 2025 07
- ESS Tech (GWH) officer receives 137,500 stock options and 137,500 RSUs - Stock Titan hu, 26 Feb 2026 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 2269 | 3494.0 | — | Sale at price 1.54 per share. | GOODMAN KELLY F. | General Counsel | — | 2026-02-20 00:00:00 | D |
| 1 | 741 | 1141.0 | — | Sale at price 1.54 per share. | SUHADOLNIK KATE EILEEN | Chief Financial Officer | — | 2026-02-20 00:00:00 | D |
| 2 | 137500 | — | — | Stock Award(Grant) at price 0.00 per share. | GOODMAN KELLY F. | General Counsel | — | 2026-02-13 00:00:00 | D |
| 3 | 137500 | — | — | Stock Award(Grant) at price 0.00 per share. | SUHADOLNIK KATE EILEEN | Chief Financial Officer | — | 2026-02-13 00:00:00 | D |
| 4 | 13513 | — | — | Stock Award(Grant) at price 0.00 per share. | TEAMEY KYLE | Director | — | 2025-10-13 00:00:00 | D |
| 5 | 13513 | — | — | Stock Award(Grant) at price 0.00 per share. | HOSSFELD RICH | Director | — | 2025-10-13 00:00:00 | D |
| 6 | 13513 | — | — | Stock Award(Grant) at price 0.00 per share. | NIGGLI MICHAEL R. | Director | — | 2025-10-13 00:00:00 | D |
| 7 | 13513 | — | — | Stock Award(Grant) at price 0.00 per share. | NIJHAWAN SANDEEP | Director | — | 2025-10-13 00:00:00 | D |
| 8 | 13513 | — | — | Stock Award(Grant) at price 0.00 per share. | GARABEDIAN RAFFI | Director | — | 2025-10-13 00:00:00 | D |
| 9 | 13513 | — | — | Stock Award(Grant) at price 0.00 per share. | QUARLS HARRY | Director | — | 2025-10-13 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 | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|