Roth Capital Comments on ESS Tech’s Q1 Earnings (NYSE:GWH)

ESS Tech, Inc. (NYSE:GWH) – Roth Capital lowered their Q1 2025 earnings per share estimates for shares of ESS Tech in a research report issued on Monday, March 31st. Roth Capital analyst J. Clare now forecasts that the company will earn ($1.66) per share for the quarter, down from their prior estimate of ($1.26). Roth Capital currently has a “Hold” rating on the stock. The consensus estimate for ESS Tech’s current full-year earnings is ($6.87) per share. Roth Capital also issued estimates for ESS Tech’s Q2 2025 earnings at ($1.01) EPS, Q3 2025 earnings at ($0.97) EPS, Q4 2025 earnings at ($0.89) EPS, FY2025 earnings at ($4.53) EPS and FY2026 earnings at ($2.15) EPS.

Separately, Roth Mkm cut shares of ESS Tech from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $17.00 to $3.00 in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.20.

ESS Tech Stock Down 9.5 %

Shares of ESS Tech stock opened at $2.58 on Thursday. ESS Tech has a 12-month low of $2.51 and a 12-month high of $14.10. The stock has a market capitalization of $30.66 million, a P/E ratio of -0.39 and a beta of 1.37. The company has a 50-day simple moving average of $4.17 and a 200 day simple moving average of $5.63.

ESS Tech (NYSE:GWH) last released its quarterly earnings data on Monday, March 31st. The company reported ($1.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.51) by ($0.46). ESS Tech had a negative return on equity of 101.96% and a negative net margin of 1,263.79%. The company had revenue of $6.40 million for the quarter, compared to analyst estimates of $5.80 million.

Institutional Trading of ESS Tech

An institutional investor recently raised its position in ESS Tech stock. Baird Financial Group Inc. boosted its position in shares of ESS Tech, Inc. (NYSE:GWH) by 78.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 405,938 shares of the company’s stock after buying an additional 178,532 shares during the quarter. Baird Financial Group Inc. owned approximately 3.42% of ESS Tech worth $2,387,000 as of its most recent SEC filing. Institutional investors own 46.77% of the company’s stock.

ESS Tech Company Profile

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.