ESS Tech, Inc. (NYSE:GWH – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $1.74.
A number of research analysts have commented on the stock. Roth Capital raised shares of ESS Tech to a “strong-buy” rating in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of ESS Tech from $1.15 to $0.90 and set a “hold” rating on the stock in a research report on Friday, August 16th. Canaccord Genuity Group decreased their target price on shares of ESS Tech from $1.25 to $1.00 and set a “hold” rating on the stock in a research report on Friday, August 16th. Roth Mkm began coverage on shares of ESS Tech in a research report on Friday, July 12th. They issued a “buy” rating and a $1.50 target price on the stock. Finally, TD Cowen reduced their price target on shares of ESS Tech from $2.00 to $1.50 and set a “buy” rating on the stock in a research report on Thursday, August 15th.
Read Our Latest Stock Analysis on GWH
Institutional Trading of ESS Tech
ESS Tech Trading Up 8.9 %
Shares of GWH stock opened at $7.49 on Friday. The company’s 50-day moving average price is $1.38 and its 200-day moving average price is $0.98. ESS Tech has a twelve month low of $5.71 and a twelve month high of $31.65. The stock has a market cap of $88.31 million, a price-to-earnings ratio of -16.64 and a beta of 1.52.
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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