ESS Tech (GWH)

• Market cap: $82.9M
• Sector: Industrials
• Industry: Miscellaneous Electrical Machinery, Equipment & Supplies

About: ESS Tech Inc is a long-duration energy storage company specializing in iron flow battery technology. The company design and produce long-duration batteries predominantly using earth-abundant materials.

Employees: 231

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

3% more capital invested

Capital invested by funds: $41M [Q1] → $42.2M (+$1.25M) [Q2]

2.89% less ownership

Funds ownership: 32.4% [Q1] → 29.51% (-2.89%) [Q2]

3% less funds holding

Funds holding: 102 [Q1] → 99 (-3) [Q2]

10% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 29

38% less call options, than puts

Call options by funds: $28K | Put options by funds: $45K

38% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 29

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $0.90 87% downside
• Avg. target: $1.23 82% downside
• High target: $1.50 79% downside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Deutsche Bank Corinne Blanchard 0% 1-year accuracy 0 / 5 met price target	87% downside $0.90	Hold Maintained	16 Aug 2024
Canaccord Genuity George Gianarikas 50% 1-year accuracy 3 / 6 met price target	86% downside $1	Hold Maintained	16 Aug 2024
TD Cowen Thomas Boyes 25% 1-year accuracy 1 / 4 met price target	79% downside $1.50	Buy Maintained	15 Aug 2024
Roth MKM Justin Clare 27% 1-year accuracy 4 / 15 met price target	79% downside $1.50	Buy Initiated	12 Jul 2024