Roth Capital Has Pessimistic Outlook of ESS Tech Q1 Earnings

ESS Tech, Inc. (NYSE:GWH) – Equities researchers at Roth Capital decreased their Q1 2025 earnings estimates for ESS Tech in a report released on Monday, March 31st. Roth Capital analyst J. Clare now expects that the company will earn ($1.66) per share for the quarter, down from their prior forecast 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.

A number of other research firms have also weighed in on GWH. Roth Mkm lowered ESS Tech from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $17.00 to $3.00 in a research note on Tuesday, March 4th. Canaccord Genuity Group lowered their price target on shares of ESS Tech from $8.00 to $3.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, TD Cowen cut shares of ESS Tech from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.20.

ESS Tech Price Performance

GWH stock opened at $2.40 on Thursday. ESS Tech has a 1 year low of $2.10 and a 1 year high of $14.10. The firm has a market capitalization of $28.46 million, a PE ratio of -0.37 and a beta of 1.37. The business has a 50 day simple moving average of $4.05 and a 200-day simple moving average of $5.58.

ESS Tech (NYSE:GWH) last announced 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 net margin of 1,263.79% and a negative return on equity of 101.96%. The business had revenue of $6.40 million for the quarter, compared to analysts’ expectations 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 stake in shares of ESS Tech, Inc. (NYSE:GWH) by 78.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,938 shares of the company’s stock after buying an additional 178,532 shares during the quarter. Baird Financial Group Inc. owned 3.42% of ESS Tech worth $2,387,000 as of its most recent SEC filing. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

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.