ESS Tech (GWH) Stock Forecast, Price Target & Predictions
GWH Stock Forecast
ESS Tech stock forecast is as follows: an average price target of $1.33 (represents a -75.46% downside from GWH’s last price of $5.42) 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 $1.33 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $1.40 to $1.25. This represents a potential -75.46% downside from GWH's last price of $5.42.
GWH Analyst Ratings
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 |
|---|---|---|---|---|---|---|
| Mar 14, 2024 | Corinne Blanchard | Deutsche Bank | $1.40 | $0.77 | 81.23% | -74.17% |
| Mar 14, 2024 | George Gianarikas | Canaccord Genuity | $1.25 | $0.77 | 61.81% | -76.94% |
The latest ESS Tech stock forecast, released on Mar 14, 2024 by Corinne Blanchard from Deutsche Bank, set a price target of $1.40, which represents a 81.23% increase from the stock price at the time of the forecast ($0.77), and a -74.17% decrease from GWH last price ($5.42).
ESS Tech Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $1.33 |
| Last Closing Price | $5.42 | $5.42 | $5.42 |
| Upside/Downside | -100.00% | -100.00% | -75.46% |
In the current month, the average price target of ESS Tech stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to ESS Tech's last price of $5.42. This month's average price target is down NaN% compared to last quarter, and down -100.00% 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 |
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 | Jul 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $2.80M | $1.54M | $2.83M | $372.00K | $16.00K | $192.00K | - |
| Avg Forecast | $61.92M | $42.58M | $33.12M | $23.78M | $29.34M | $22.23M | $16.62M | $12.53M | $12.82M | $5.29M | $3.43M | $3.22M | $3.53M | $3.12M | $3.19M | $4.71M | $1.06M | $923.14K | $375.29K |
| High Forecast | $78.94M | $54.28M | $42.22M | $30.32M | $37.41M | $28.34M | $21.19M | $15.97M | $16.34M | $7.72M | $4.37M | $4.11M | $4.50M | $3.98M | $4.07M | $6.01M | $1.35M | $1.18M | $375.29K |
| Low Forecast | $30.76M | $21.15M | $16.45M | $11.81M | $14.57M | $11.04M | $8.26M | $6.22M | $6.37M | $1.65M | $1.70M | $1.60M | $1.75M | $1.55M | $1.58M | $2.34M | $524.75K | $458.51K | $375.29K |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.79% | 0.49% | 0.89% | 0.08% | 0.02% | 0.21% | - |
ESS Tech's average Quarter revenue forecast for Mar 24 based on 1 analysts is $3.22M, with a low forecast of $1.60M, and a high forecast of $4.11M. 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 | Jul 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-19.07M | $-17.40M | $-24.21M | $-24.11M | $-36.40M | $-22.78M | - |
| Avg Forecast | $12.38M | $8.52M | $6.62M | $4.76M | $5.87M | $4.45M | $3.32M | $2.51M | $2.56M | $1.06M | $685.60K | $644.12K | $706.25K | $624.74K | $638.17K | $942.63K | $211.30K | $184.63K | $75.06K |
| High Forecast | $15.79M | $10.86M | $8.44M | $6.06M | $7.48M | $5.67M | $4.24M | $3.19M | $3.27M | $1.54M | $874.03K | $821.15K | $900.35K | $796.44K | $813.56K | $1.20M | $269.37K | $235.37K | $75.06K |
| Low Forecast | $6.15M | $4.23M | $3.29M | $2.36M | $2.91M | $2.21M | $1.65M | $1.24M | $1.27M | $329.85K | $340.53K | $319.93K | $350.78K | $310.30K | $316.97K | $468.19K | $104.95K | $91.70K | $75.06K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -26.99% | -27.85% | -37.93% | -25.58% | -172.27% | -123.39% | - |
undefined analysts predict GWH's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than ESS Tech's previous annual EBITDA (undefined) of $NaN.
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 | Jul 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $-16.62M | - | $-17.36M | $-18.75M | $-39.27M | - |
| Avg Forecast | $-39.25M | $-107.97M | $-126.62M | $-128.11M | $-200.69M | $-220.00M | $-162.66M | $-235.08M | $-252.45M | $-293.71M | $-269.37M | $-303.36M | $-290.43M | $-360.27M | $-404.24M | $-467.94M | $-500.26M | $-440.47M | $-26.30M |
| High Forecast | $-13.57M | $-37.32M | $-43.77M | $-44.29M | $-69.38M | $-76.05M | $-56.23M | $-81.27M | $-87.27M | $-271.12M | $-93.12M | $-104.87M | $-266.23M | $-124.54M | $-139.75M | $-161.76M | $-172.94M | $-152.27M | $-26.30M |
| Low Forecast | $-53.27M | $-146.54M | $-171.85M | $-173.88M | $-272.39M | $-298.60M | $-220.78M | $-319.08M | $-342.65M | $-316.31M | $-365.61M | $-411.74M | $-338.83M | $-488.99M | $-548.67M | $-635.13M | $-679.00M | $-597.84M | $-26.30M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.05% | - | 0.04% | 0.04% | 0.09% | - |
ESS Tech's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. GWH's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
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 | Jul 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $7.71M | $7.89M | $7.58M | $7.14M | $8.62M | $7.80M | - |
| Avg Forecast | $550.85M | $378.80M | $294.60M | $211.58M | $261.03M | $197.73M | $147.89M | $111.44M | $114.03M | $47.05M | $30.50M | $28.65M | $31.41M | $27.79M | $28.39M | $41.93M | $9.40M | $8.21M | $3.34M |
| High Forecast | $702.24M | $482.91M | $375.57M | $269.72M | $332.77M | $252.08M | $188.54M | $142.07M | $145.37M | $68.66M | $38.88M | $36.52M | $40.05M | $35.43M | $36.19M | $53.45M | $11.98M | $10.47M | $3.34M |
| Low Forecast | $273.60M | $188.15M | $146.32M | $105.09M | $129.65M | $98.21M | $73.46M | $55.35M | $56.64M | $14.67M | $15.15M | $14.23M | $15.60M | $13.80M | $14.10M | $20.83M | $4.67M | $4.08M | $3.34M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.25% | 0.28% | 0.27% | 0.17% | 0.92% | 0.95% | - |
ESS Tech's average Quarter SG&A projection for Mar 24 is $28.65M, based on 1 Wall Street analysts, with a range of $14.23M to $36.52M. The forecast indicates a 271.75% 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 | Jul 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.11 | - | $-0.11 | $-0.12 | $-0.26 | - |
| Avg Forecast | $-0.22 | $-0.61 | $-0.72 | $-0.73 | $-1.14 | $-1.25 | $-0.93 | $-1.34 | $-1.44 | $-1.67 | $-1.53 | $-1.73 | $-1.65 | $-2.05 | $-2.30 | $-2.66 | $-2.85 | $-2.51 | $-0.15 |
| High Forecast | $-0.08 | $-0.21 | $-0.25 | $-0.25 | $-0.39 | $-0.43 | $-0.32 | $-0.46 | $-0.50 | $-1.54 | $-0.53 | $-0.60 | $-1.51 | $-0.71 | $-0.80 | $-0.92 | $-0.98 | $-0.87 | $-0.15 |
| Low Forecast | $-0.30 | $-0.83 | $-0.98 | $-0.99 | $-1.55 | $-1.70 | $-1.26 | $-1.82 | $-1.95 | $-1.80 | $-2.08 | $-2.34 | $-1.93 | $-2.78 | $-3.12 | $-3.61 | $-3.86 | $-3.40 | $-0.15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.05% | - | 0.04% | 0.04% | 0.10% | - |
According to undefined Wall Street analysts, ESS Tech's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to GWH previous annual EPS of $NaN (undefined).
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 $1.33 with a range of $1.25 to $1.4, implying a -75.46% from its last price of $5.42. 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 -75.46% (from the last price of $5.42 to the average price target of $1.33), down by -74.17% based on the highest stock price target, and down by -76.94% based on the lowest stock price target.
Can ESS Tech stock reach $8?
GWH's average twelve months analyst stock price target of $1.33 does not support the claim that ESS Tech can reach $8 in the near future.
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 $80.72M (high $102.91M, low $40.09M), average EBITDA is $16.14M (high $20.58M, low $8.02M), average net income is $-818M (high $-283M, low $-1.111B), average SG&A $718.1M (high $915.46M, low $356.67M), and average EPS is $-4.657 (high $-1.61, low $-6.32). GWH's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $161.4M (high $205.76M, low $80.17M), average EBITDA is $32.28M (high $41.15M, low $16.03M), average net income is $-402M (high $-139M, low $-546M), average SG&A $1.44B (high $1.83B, low $713.16M), and average EPS is $-2.287 (high $-0.791, low $-3.104).
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 $-1.523B by -100.00%. Apple's SG&A was $30.32M, missing the average forecast of $129.52M by -76.59%. 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 $-290M by -100.00%. The company's SG&A was $7.71M, missing the average forecast of $31.41M by -75.47%. Lastly, the company's EPS was $0, missing the average prediction of $-1.652 by -100.00%