Stock GWH ESS TECH, INC.
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Company ESS Tech, Inc.

Equities

GWH

US26916J1060

Electrical Components & Equipment

Market Closed - Nyse
Other stock markets
 04:00:02 2024-05-23 pm EDT 		5-day change 1st Jan Change
0.7398 USD -7.13% Intraday chart for ESS Tech, Inc. -5.29% -35.11%
May. 16 Transcript : ESS Tech, Inc. Presents at Deutsche Bank Global Solar & Clean Tech Conference, May-16-2024 11:50 AM
May. 09 Deutsche Bank Adjusts ESS Tech Price Target to $1.15 From $1.40, Maintains Hold Rating MT

Business Summary

ESS Tech, Inc. is a long-duration energy storage company specializing in iron flow battery technology. The Company designs and produces long-duration batteries using earth-abundant materials. Its batteries provide flexibility to grid operators and energy assurance for commercial and industrial customers. Its technology addresses energy delivery, duration, and cycle-life in a single battery platform that compares favorably to lithium-ion batteries. Using its iron flow battery technology, the Company is developing two products, such as Energy Warehouse and Energy Center. The Energy Warehouse that offers energy storage ranging from six to twelve-hour duration. Energy Warehouses are deployed in shipping container units, allowing a turnkey system that can be installed easily at a customer’s site. Energy Center solutions are designed specifically for utilities, independent power producers (IPPs), and large commercial and industrial consumers. Its batteries are non-flammable and non-toxic.

Number of employees: 231

Sales per Business

USD in Million2022Weight2023Weight Delta
Energy Storage Systems
67.7 %
1 89.8 % 5 67.7 % +535.49%
Other
29.9 %
- - 2 29.9 % -
Engineering Services
2.4 %
0 10.2 % 0 2.4 % +101.10%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
1 100.0 % 8 100.0 % +743.40%

Managers

Managers TitleAgeSince
Julia Song FOU
 Founder 46 10-12-31
Eric Dresselhuys CEO
 Chief Executive Officer 59 21-02-28
Anthony Rabb DFI
 Director of Finance/CFO 56 22-11-03
Brian Lisiecki CTO
 Chief Tech/Sci/R&D Officer - -
Erik Bylin IRC
 Investor Relations Contact - -
Hugh McDermott SAM
 Sales & Marketing - 17-11-30
Kelly Goodman LAW
 General Counsel - -
Jeff Loebbaka PRN
 Corporate Officer/Principal 62 23-08-16
Jiunn Benjamin Heng PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Michael Niggli BRD
 Director/Board Member 74 -
Eric Dresselhuys CEO
 Chief Executive Officer 59 21-02-28
Raffi Garabedian BRD
 Director/Board Member 58 21-01-31
Harry Quarls CHM
 Chairman 71 23-08-28
Alexi Wellman BRD
 Director/Board Member 53 21-10-11
Richard Hossfeld BRD
 Director/Board Member 45 19-09-30
Sandeep Nijhawan BRD
 Director/Board Member 52 23-03-31
Kyle Teamey BRD
 Director/Board Member 48 19-07-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 174,918,926 101,944,605 ( 58.28 %) 0 58.28 %

Shareholders

NameEquities%Valuation
SoftBank Capital Partners LLC
20.56 %
35,953,699 20.56 % 25 M $
Breakthrough Energy Investment LLC
10.61 %
18,559,329 10.61 % 13 M $
HONEYWELL INTERNATIONAL INC.
9.429 %
16,491,754 9.429 % 12 M $
Pangaea Ventures Ltd.
6.179 %
10,806,302 6.179 % 8 M $
Cycle Capital Management, Inc.
5.263 %
9,205,314 5.263 % 7 M $
Craig Evans
4.551 %
7,959,826 4.551 % 6 M $
BASF Venture Capital GmbH
4.313 %
7,543,436 4.313 % 5 M $
BlackRock Advisors LLC
3.070 %
5,368,971 3.070 % 4 M $
Vanguard Fiduciary Trust Co.
1.866 %
3,263,849 1.866 % 2 M $
ACON Equity Management LLC
1.744 %
3,050,000 1.744 % 2 M $
NameEquities%Valuation
CVI Holdings LLC
-
586,218 - 38 104 $
LMR Partners LLP
-
451,284 - 29 333 $
Saba Capital Management LP
-
303,596 - 19 734 $
Vestcor, Inc.
-
105,182 - 6 837 $
Jane Street Group LLC
-
58,356 - 3 793 $
Greenhouse Wealth Management LLC
-
50,000 - 3 250 $
Wolverine Asset Management LLC
-
24,667 - 1 603 $
HRT Financial LLC
-
24,431 - 1 588 $
Kim LLC
-
22,513 - 1 463 $
Marathon Trading Investment Management LLC
-
20,130 - 1 308 $

Company contact information

ESS Tech, Inc.

26440 SW Parkway Avenue Building 83

97070, Wilsonville

+

http://www.essinc.com
address ESS Tech, Inc.(GWH)

Sector

Industrials
Industrial Goods
Machinery, Equipment & Components
Electrical Components & Equipment
Batteries & Uninterruptable Power Supplies

Sales per Business

Ratings for ESS Tech, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
0.7966 USD
Average target price
1.867 USD
Spread / Average Target
+134.33%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Batteries & Uninterruptable Power Supplies

1st Jan change Capi.
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Batteries & Uninterruptable Power Supplies
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