Shares of ESS Tech, Inc. (NYSE:GWH – Get Free Report) have received an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $2.01.
Several research analysts recently commented on the stock. TD Cowen cut their price target on shares of ESS Tech from $2.50 to $2.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Roth Mkm assumed coverage on shares of ESS Tech in a report on Friday, July 12th. They issued a “buy” rating and a $1.50 price target on the stock. Finally, Roth Capital upgraded shares of ESS Tech to a “strong-buy” rating in a report on Friday, July 12th.
Read Our Latest Stock Analysis on GWH
ESS Tech Price Performance
Institutional Trading of ESS Tech
A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of ESS Tech by 6.9% during the first quarter. Vanguard Group Inc. now owns 3,263,849 shares of the company’s stock worth $2,361,000 after buying an additional 212,070 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of ESS Tech during the fourth quarter worth approximately $81,000. SG Americas Securities LLC acquired a new stake in shares of ESS Tech during the first quarter worth approximately $31,000. CWM LLC acquired a new stake in shares of ESS Tech during the second quarter worth approximately $34,000. Finally, Paloma Partners Management Co acquired a new stake in shares of ESS Tech during the first quarter worth approximately $27,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.
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.
Further Reading
- Five stocks we like better than ESS Tech
- Quiet Period Expirations Explained
- Why Wall Street Analysts Raised Price Targets for Suncor Stock
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Is Super Micro Computer a Buy After Shares Sink 20% on Earnings?
- How Technical Indicators Can Help You Find Oversold Stocks
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
Receive News & Ratings for ESS Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESS Tech and related companies with MarketBeat.com's FREE daily email newsletter.