ESS Tech (GWH) Stock Forecast, Price Target & Predictions

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GWH Stock Forecast

ESS Tech stock forecast is as follows: an average price target of $3.88 (represents a -25.53% downside from GWH’s last price of $5.21) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.

GWH Price Target

The average price target for ESS Tech (GWH) is $3.88 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $9.00 to $1.25. This represents a potential -25.53% downside from GWH's last price of $5.21.

GWH Analyst Ratings

Buy

According to 3 Wall Street analysts, ESS Tech's rating consensus is 'Buy'. The analyst rating breakdown for GWH stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

ESS Tech Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 14, 2024	Ben Kallo	Robert W. Baird	$9.00	$8.90	1.12%	72.74%
Mar 14, 2024	Corinne Blanchard	Deutsche Bank	$1.40	$0.77	81.23%	-73.13%
Mar 14, 2024	George Gianarikas	Canaccord Genuity	$1.25	$0.77	61.81%	-76.01%

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The latest ESS Tech stock forecast, released on Nov 14, 2024 by Ben Kallo from Robert W. Baird, set a price target of $9.00, which represents a 1.12% increase from the stock price at the time of the forecast ($8.90), and a 72.74% increase from GWH last price ($5.21).

ESS Tech Price Target by Period

	1M	3M	12M
# Anlaysts	1	1	3
Avg Price Target	$9.00	$9.00	$3.88
Last Closing Price	$5.21	$5.21	$5.21
Upside/Downside	72.74%	72.74%	-25.53%

In the current month, the average price target of ESS Tech stock is $9.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 72.74% increase as opposed to ESS Tech's last price of $5.21. This month's average price target is down 0.00% compared to last quarter, and up 131.96% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Aug 15, 2024	Cowen & Co.	Buy	Buy	Hold
Aug 15, 2024	Oppenheimer	Outperform	Outperform	Hold
May 08, 2024	Cowen & Co.	Buy	Buy	Hold
Mar 15, 2024	Chardan Capital	Neutral	Neutral	Hold

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ESS Tech's last stock rating was published by Cowen & Co. on Aug 15, 2024. The company gave GWH a "Buy" rating, the same as its previous rate.

ESS Tech Financial Forecast

ESS Tech Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$2.80M	$1.54M	$2.83M	$372.00K	$16.00K	$192.00K	$686.00K	-	-	-
Avg Forecast	$60.60M	$42.45M	$28.51M	$23.73M	$19.06M	$15.99M	$11.88M	$10.36M	$6.30M	$5.26M	$3.43M	$3.22M	$3.53M	$3.12M	$3.19M	$4.71M	$1.06M	$923.14K	$375.29K	$906.65K	$985.67K	$1.19M
High Forecast	$79.45M	$55.65M	$37.38M	$31.11M	$24.98M	$20.97M	$15.58M	$13.47M	$7.26M	$6.89M	$4.49M	$4.22M	$4.63M	$3.12M	$4.18M	$6.18M	$1.39M	$923.14K	$375.29K	$906.65K	$985.67K	$1.19M
Low Forecast	$44.66M	$31.28M	$21.01M	$17.49M	$14.04M	$11.78M	$8.76M	$7.25M	$4.44M	$3.87M	$2.53M	$2.37M	$2.60M	$3.12M	$2.35M	$3.47M	$778.61K	$923.14K	$375.29K	$906.65K	$985.67K	$1.19M
# Analysts	1	1	1	1	1	1	1	3	3	2	2	2	3	1	1	1	1	1	1	1	1	1
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.79%	0.49%	0.89%	0.08%	0.02%	0.21%	1.83%	-	-	-

ESS Tech's average Quarter revenue forecast for Mar 24 based on 2 analysts is $3.22M, with a low forecast of $2.37M, and a high forecast of $4.22M. GWH's average Quarter revenue forecast represents a 15.19% increase compared to the company's last Quarter revenue of $2.80M (Dec 23).

ESS Tech EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	3	3	2	2	2	3	1	1	1	1	1	1	1	1	1
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$-19.07M	$-17.40M	$-24.21M	$-24.11M	$-36.40M	$-22.78M	$-32.33M	$-21.99M	$-180.53M	$-2.35M
Avg Forecast	$12.12M	$8.49M	$5.70M	$4.75M	$3.81M	$3.20M	$2.38M	$2.07M	$1.26M	$1.05M	$685.60K	$644.12K	$706.25K	$624.74K	$638.17K	$942.63K	$211.30K	$184.63K	$75.06K	$-35.02M	$197.13K	$237.53K
High Forecast	$15.89M	$11.13M	$7.48M	$6.22M	$5.00M	$4.19M	$3.12M	$2.69M	$1.45M	$1.38M	$898.90K	$844.52K	$925.97K	$624.77K	$836.71K	$1.24M	$277.04K	$184.63K	$75.06K	$-28.01M	$197.13K	$237.53K
Low Forecast	$8.93M	$6.26M	$4.20M	$3.50M	$2.81M	$2.36M	$1.75M	$1.45M	$888.28K	$774.59K	$505.27K	$474.70K	$520.49K	$624.71K	$470.31K	$694.69K	$155.72K	$184.63K	$75.06K	$-42.02M	$197.13K	$237.53K
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-26.99%	-27.85%	-37.93%	-25.58%	-172.27%	-123.39%	-430.79%	0.63%	-915.79%	-9.88%

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ESS Tech Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	3	3	2	2	2	3	1	1	1	1	1	1	1	1	1
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$-16.62M	-	$-17.36M	$-18.75M	$-39.27M	$-6.75M	$10.80M	$-330.03M	$-3.79M
Avg Forecast	$-3.05B	$-6.92B	$-8.09B	$-8.09B	$-13.40B	$-14.33B	$-11.16B	$-15.22B	$-15.87B	$-19.69B	$-17.97B	$-20.23B	$-19.37B	$-24.03B	$-26.96B	$-31.21B	$-33.37B	$-440.47M	$-397.31M	$-376.95M	$-210.91M	$-336.00M
High Forecast	$-2.01B	$-4.55B	$-5.32B	$-5.32B	$-8.82B	$-9.43B	$-7.35B	$-13.15B	$-12.92B	$-12.96B	$-11.82B	$-13.31B	$-17.76B	$-15.81B	$-17.74B	$-20.54B	$-21.96B	$-440.47M	$-397.31M	$-376.95M	$-210.91M	$-268.80M
Low Forecast	$-4.28B	$-9.71B	$-11.36B	$-11.36B	$-18.82B	$-20.13B	$-15.68B	$-17.29B	$-17.34B	$-27.65B	$-25.23B	$-28.42B	$-22.60B	$-33.75B	$-37.87B	$-43.83B	$-46.86B	$-440.47M	$-397.31M	$-376.95M	$-210.91M	$-403.20M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	-	0.00%	0.00%	0.09%	0.02%	-0.03%	1.56%	0.01%

ESS Tech's average Quarter net income forecast for Jun 22 is $-397.31M, with a range of $-397.31M to $-397.31M. GWH's average Quarter net income forecast represents a -3779.18% decrease compared to the company's last Quarter net income of $10.80M (Mar 22).

ESS Tech SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	3	3	2	2	2	3	1	1	1	1	1	1	1	1	1
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	$7.71M	$7.89M	$7.58M	$7.14M	$8.62M	$7.80M	$8.70M	$9.29M	$20.86M	$2.75M
Avg Forecast	$551.54M	$386.33M	$259.52M	$215.95M	$173.43M	$145.54M	$108.16M	$94.32M	$57.31M	$47.83M	$31.20M	$29.31M	$32.14M	$28.43M	$29.04M	$42.90M	$9.62M	$8.21M	$3.34M	$8.07M	$8.77M	$10.57M
High Forecast	$723.14M	$506.52M	$340.26M	$283.14M	$227.39M	$190.82M	$141.81M	$122.63M	$66.12M	$62.71M	$40.91M	$38.43M	$42.14M	$28.43M	$38.08M	$56.24M	$12.61M	$8.21M	$3.34M	$8.07M	$8.77M	$10.57M
Low Forecast	$406.47M	$284.71M	$191.26M	$159.15M	$127.82M	$107.26M	$79.71M	$66.01M	$40.42M	$35.25M	$22.99M	$21.60M	$23.69M	$28.43M	$21.40M	$31.61M	$7.09M	$8.21M	$3.34M	$8.07M	$8.77M	$10.57M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.24%	0.28%	0.26%	0.17%	0.90%	0.95%	2.60%	1.15%	2.38%	0.26%

ESS Tech's average Quarter SG&A projection for Mar 24 is $29.31M, based on 2 Wall Street analysts, with a range of $21.60M to $38.43M. The forecast indicates a 280.34% rise compared to GWH last annual SG&A of $7.71M (Dec 23).

ESS Tech EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	3	3	2	2	2	3	1	1	1	1	1	1	1	1	1
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.11	-	$-0.11	$-0.12	$-0.26	$-0.04	$0.07	$-2.43	$-0.38
Avg Forecast	$-0.26	$-0.59	$-0.69	$-0.69	$-1.14	$-1.22	$-0.95	$-1.30	$-1.35	$-1.68	$-1.53	$-1.73	$-1.65	$-2.05	$-2.30	$-2.66	$-2.85	$-2.51	$-2.26	$-2.14	$-1.20	$-0.90
High Forecast	$-0.17	$-0.39	$-0.45	$-0.45	$-0.75	$-0.80	$-0.63	$-1.12	$-1.10	$-1.11	$-1.01	$-1.14	$-1.51	$-1.35	$-1.51	$-1.75	$-1.87	$-2.51	$-2.26	$-2.14	$-1.20	$-0.90
Low Forecast	$-0.37	$-0.83	$-0.97	$-0.97	$-1.61	$-1.72	$-1.34	$-1.48	$-1.48	$-2.36	$-2.15	$-2.42	$-1.93	$-2.88	$-3.23	$-3.74	$-4.00	$-2.51	$-2.26	$-2.14	$-1.20	$-0.90
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.05%	-	0.04%	0.04%	0.10%	0.02%	-0.03%	2.03%	0.42%

According to 1 Wall Street analysts, ESS Tech's projected average Quarter EPS for Jun 22 is $-2.26, with a low estimate of $-2.26 and a high estimate of $-2.26. This represents a -3274.96% decrease compared to GWH previous annual EPS of $0.07 (Mar 22).

ESS Tech Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
FREY	FREYR Battery	$2.20	$19.00	763.64%	Buy
LICY	Li-Cycle	$2.11	$9.60	354.98%	Buy
EOSE	Eos Energy Enterprises	$2.28	$6.00	163.16%	Buy
FLNC	Fluence Energy	$21.91	$26.61	21.45%	Buy
GWH	ESS Tech	$5.21	$3.88	-25.53%	Buy

GWH Forecast FAQ

Is ESS Tech a good buy?

Yes, according to 3 Wall Street analysts, ESS Tech (GWH) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 66.67% of GWH's total ratings.

What is GWH's price target?

ESS Tech (GWH) average price target is $3.88 with a range of $1.25 to $9, implying a -25.53% from its last price of $5.21. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will ESS Tech stock go up soon?

According to Wall Street analysts' prediction for GWH stock, the company can go down by -25.53% (from the last price of $5.21 to the average price target of $3.88), up by 72.74% based on the highest stock price target, and down by -76.01% based on the lowest stock price target.

Can ESS Tech stock reach $8?

GWH's highest twelve months analyst stock price target of $9 supports the claim that ESS Tech can reach $8 in the near future.

What is ESS Tech's current price target trend?

1 Wall Street analyst forecast a $9 price target for ESS Tech (GWH) this month, up 72.74% from its last price of $5.21. Compared to the last 3 and 12 months, the average price target increased by 72.74% and decreased by -25.53%, respectively.

What are ESS Tech's analysts' financial forecasts?

ESS Tech's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $57.29M (high $75M, low $41.84M), average EBITDA is $11.46M (high $15M, low $8.37M), average net income is $-54.122B (high $-38.75B, low $-71.927B), average SG&A $521.45M (high $682.65M, low $380.79M), and average EPS is $-4.617 (high $-3.306, low $-6.136). GWH's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $155.29M (high $203.6M, low $114.44M), average EBITDA is $31.06M (high $40.72M, low $22.89M), average net income is $-26.141B (high $-17.203B, low $-36.714B), average SG&A $1.41B (high $1.85B, low $1.04B), and average EPS is $-2.23 (high $-1.468, low $-3.132).

Did the GWH's actual financial results beat the analysts' financial forecasts?

Based on ESS Tech's last annual report (Dec 2023), the company's revenue was $7.54M, which missed the average analysts forecast of $14.56M by -48.21%. Apple's EBITDA was $-85.905M, missing the average prediction of $2.91M by -3050.26%. The company's net income was $0, missing the average estimation of $-102B by -100.00%. Apple's SG&A was $30.32M, missing the average forecast of $132.51M by -77.12%. Lastly, the company's EPS was $0, missing the average prediction of $-8.665 by -100.00%. In terms of the last quarterly report (Dec 2023), ESS Tech's revenue was $2.8M, missing the average analysts' forecast of $3.53M by -20.82%. The company's EBITDA was $-19.065M, missing the average prediction of $706.24K by -2799.49%. ESS Tech's net income was $0, missing the average estimation of $-19.37B by -100.00%. The company's SG&A was $7.71M, missing the average forecast of $32.14M by -76.02%. Lastly, the company's EPS was $0, missing the average prediction of $-1.652 by -100.00%