ESS Tech, Inc. (NYSE:GWH) Receives $14.58 Consensus Target Price from Analysts

ESS Tech, Inc. (NYSE:GWH) has been assigned an average rating of “Hold” from the nine analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $14.58.

A number of research analysts recently weighed in on GWH shares. Canaccord Genuity Group reissued a “hold” rating and set a $8.00 price target on shares of ESS Tech in a research report on Thursday, November 14th. Oppenheimer cut shares of ESS Tech from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Robert W. Baird lowered ESS Tech from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $14.00 to $9.00 in a report on Thursday, November 14th. Finally, Baird R W lowered ESS Tech from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, November 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in shares of ESS Tech during the 2nd quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ESS Tech in the second quarter worth $148,000. AQR Capital Management LLC purchased a new position in shares of ESS Tech in the second quarter valued at $84,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of ESS Tech during the 2nd quarter valued at $27,000. Institutional investors own 46.77% of the company’s stock.

ESS Tech Price Performance

NYSE:GWH opened at $6.49 on Friday. ESS Tech has a one year low of $4.35 and a one year high of $17.56. The company has a market cap of $77.12 million, a PE ratio of -0.99 and a beta of 1.32. The firm has a 50-day moving average of $6.31 and a 200-day moving average of $8.05.

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.