Shares of ESS Tech, Inc. (NYSE:GWH – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $2.01.
Several research firms have issued reports on GWH. Roth Capital upgraded ESS Tech to a “strong-buy” rating in a research note on Friday, July 12th. Roth Mkm initiated coverage on ESS Tech in a research note on Friday, July 12th. They set a “buy” rating and a $1.50 target price on the stock. Finally, TD Cowen reduced their price target on ESS Tech from $2.50 to $2.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th.
View Our Latest Analysis on GWH
Institutional Investors Weigh In On ESS Tech
ESS Tech Stock Performance
Shares of NYSE GWH opened at $0.65 on Wednesday. The stock has a 50 day moving average price of $0.77 and a 200 day moving average price of $0.79. ESS Tech has a 52 week low of $0.61 and a 52 week high of $2.11. The stock has a market capitalization of $113.70 million, a PE ratio of -1.44 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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