ESS Tech, Inc. Announces Third Quarter 2024 Financial Results
ESS Tech, Inc. (GWH)
Company Research
Source: Business Wire
Installed and Commissioned Second Energy Center WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. (“ESS,” “ESS, Inc.” or the “Company”) (NYSE: GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced financial results for its third quarter ended September 30, 2024.“The core investment thesis for ESS remains as strong as ever – we have a massive and important emerging market opportunity in front of us, a top tier, forward-thinking customer base, and a differentiated, IP-protected, scalable technology tailor made to serve them. We continue to make strong progress on our key operational initiatives, but have faced challenges that have delayed our revenue ramp. Our Australian partner has had great success signing contracts with major utilities and securing funding to build a factory to help meet the high demand for long-duration energy storage in Queensland. However, delays in completion of this funding
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GWH
News
- ESS Tech, Inc. (NYSE: GWH) was downgraded by analysts at Baird R W from a "strong-buy" rating to a "strong sell" rating.MarketBeat
- ESS Tech, Inc. (NYSE: GWH) had its "hold" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $8.00 price target on the stock.MarketBeat
- ESS Tech tumbles 19% on disappointing results, analyst downgrades [Yahoo! Finance]Yahoo! Finance
- ESS Tech, Inc. (NYSE: GWH) was downgraded by analysts at Oppenheimer Holdings Inc. from an "outperform" rating to a "market perform" rating.MarketBeat
- ESS Tech, Inc. (NYSE: GWH) was downgraded by analysts at Robert W. Baird from a "neutral" rating to an "underperform" rating. They now have a $9.00 price target on the stock, down previously from $14.00.MarketBeat
GWH
Earnings
- 11/13/24 - Beat
GWH
Sec Filings
- 11/18/24 - Form 4
- 11/14/24 - Form 10-Q
- 11/13/24 - Form 8-K
- GWH's page on the SEC website