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GWH 
ESS Tech Inc (GWH)
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Stock price based on last close (see disclosures)
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Upturn Advisory Summary
12/04/2025: GWH (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $2.75
1 Year Target Price $2.75
| 0 | Strong Buy |
| 0 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -66.42% | Avg. Invested days 28 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/04/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 46.69M USD | Price to earnings Ratio - | 1Y Target Price 2.75 |
Price to earnings Ratio - | 1Y Target Price 2.75 | ||
Volume (30-day avg) 3 | Beta 1.44 | 52 Weeks Range 0.76 - 10.77 | Updated Date 12/5/2025 |
52 Weeks Range 0.76 - 10.77 | Updated Date 12/5/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -5.05 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date 2025-11-14 | When - | Estimate -1.005 | Actual -0.73 |
Profitability
Profit Margin - | Operating Margin (TTM) -4584.58% |
Management Effectiveness
Return on Assets (TTM) -59.29% | Return on Equity (TTM) -265.36% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 51948748 | Price to Sales(TTM) 7.75 |
Enterprise Value 51948748 | Price to Sales(TTM) 7.75 | ||
Enterprise Value to Revenue 8.63 | Enterprise Value to EBITDA -0.15 | Shares Outstanding 19617070 | Shares Floating 14495053 |
Shares Outstanding 19617070 | Shares Floating 14495053 | ||
Percent Insiders 23.82 | Percent Institutions 16.73 |
Upturn AI SWOT
ESS Tech Inc
Company Overview
History and Background
ESS Tech Inc. was founded in 2011. It focuses on developing and manufacturing long-duration iron flow batteries for commercial and industrial applications. They went public via SPAC merger in 2021.
Core Business Areas
- Energy Storage Systems: Designs, manufactures, and sells long-duration iron flow battery energy storage systems for various applications, including grid stabilization, renewable energy integration, and microgrids.
Leadership and Structure
Craig Evans serves as the CEO. The company operates with a functional organizational structure, focusing on engineering, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- Energy Warehouse (EW): A containerized iron flow battery system designed for large-scale energy storage applications. Market share data is difficult to ascertain directly, and revenue is variable depending on deployments. Competitors include Form Energy, LanzaTech, and other battery technology companies.
- Energy Center (EC): A modular energy storage system suitable for smaller commercial and industrial facilities. Market share data is difficult to ascertain directly, and revenue is variable depending on deployments. Competitors include Form Energy, LanzaTech, and other battery technology companies.
Market Dynamics
Industry Overview
The energy storage market is rapidly growing, driven by increasing demand for renewable energy and grid stabilization solutions. Long-duration energy storage is crucial for addressing intermittency issues.
Positioning
ESS Tech Inc. aims to be a leader in the long-duration energy storage market with its iron flow battery technology. Their advantage lies in the safety, cost-effectiveness, and environmental friendliness of their batteries.
Total Addressable Market (TAM)
The global energy storage market is projected to reach hundreds of billions of dollars in the coming years. ESS Tech Inc. is targeting a significant portion of the long-duration segment of this market.
Upturn SWOT Analysis
Strengths
- Environmentally friendly technology
- Long duration energy storage capabilities
- Safe and non-flammable chemistry
- Scalable manufacturing process
Weaknesses
- Relatively new company with limited track record
- Limited deployment history compared to lithium-ion
- High initial capital costs compared to lithium-ion
- Dependence on large scale contracts
Opportunities
- Increasing demand for renewable energy
- Government incentives for energy storage
- Growing need for grid stabilization
- Expanding into new markets and applications
Threats
- Competition from other energy storage technologies
- Fluctuations in raw material prices
- Changes in government regulations
- Economic downturn affecting investment in energy storage
Competitors and Market Share
Key Competitors
- FMC
- SLDP
- BE
- STEM
- POWR
Competitive Landscape
ESS Tech Inc.'s competitive advantage lies in its long-duration iron flow battery technology. However, it faces competition from established lithium-ion battery manufacturers and other emerging energy storage technologies. It must scale to compete
Growth Trajectory and Initiatives
Historical Growth: Historical growth is still being established as the company scales its manufacturing and deployments.
Future Projections: Future growth is projected to be significant as the energy storage market expands, but analyst estimates vary.
Recent Initiatives: Focusing on strategic partnerships and expanding manufacturing capacity.
Summary
ESS Tech Inc. is an emerging player in the long-duration energy storage market with promising iron flow battery technology. Its strengths include environmental friendliness and safety, but it faces challenges in scaling manufacturing and competing with established lithium-ion technologies. Future growth depends on securing large contracts and demonstrating cost-effectiveness. Success hinges on effective execution of its business plan amidst stiff competition.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Website
- Press Releases
- Industry Reports
- Public Filings
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ESS Tech Inc
Exchange NYSE | Headquaters Wilsonville, OR, United States | ||
IPO Launch date 2021-01-04 | Interim CEO & Corporate Secretary Ms. Kelly F. Goodman J.D. | ||
Sector Industrials | Industry Electrical Equipment & Parts | Full time employees 240 | Website https://essinc.com |
Full time employees 240 | Website https://essinc.com | ||
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; Energy Center, which is designed to allow customers to connect multiple units in various configurations and supporting energy storage projects ranging from sub-megawatt to tens-of-megawatt scale; and Energy Base, a gigawatt-scale storage product. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.
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