Profile
Sector:
IndustrialsIndustry:
Electrical Equipment & PartsCountry:
United StatesIPO:
04 January 2021Website:
http://essinc.comNext earnings report:
13 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:04:27 GMTDividend
Analysts recommendations
Institutional Ownership
GWH Latest News
ESS Tech, Inc. (NYSE:GWH ) Q2 2024 Results Conference Call August 14, 2024 5:00 PM ET Company Participants Erik Bylin - Head of IR Eric Dresselhuys - CEO Tony Rabb - CFO Conference Call Participants Justin Clare - ROTH MKM Davis Sunderland - Robert W. Baird Thomas Boyes - TD Cowen Operator Ladies and gentlemen, thank you for standing by.
ESS Tech, Inc. (GWH) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.15 per share a year ago.
ESS Tech (GWH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ESS Tech, Inc. (GWH) Q4 2023 Earnings Call Transcript
Honeywell joined an "A" list of significant investors in ESS Tech on September 25, 2023, buying $27.5 million of stock and prefunding sales commitments. After a brief 43% stock spike, the honeymoon was over and the stock is trading at 95 cents, a decrease of 32% from the close before the Honeywell announcement. Almost immediately after making this investment Honeywell restructured. One wonders whether the deal would/could have been done post-restructuring.
The challenge of bringing down the cost of renewables is solved. The new challenge is managing all this cheap power with storage, software, and new transmission/distribution. Right now, LFP lithium batteries are tested, validated, and available in large quantities. They solve today's problems, but not tomorrow's, and bring a host of problems. What's needed is long-duration energy storage. There are many competing technologies, and we are in the pilot program stage.
A very well capitalized partner released details of investment in the storage solutions maker. It has amassed a double-digit percentage stake in its partner.
ESS is partnering with Honeywell to advance its iron flow battery tech. If the tech works as planned, it could help utilities store renewable energy for when it's needed.
Honeywell (NYSE:HON) has invested in ESS Tech as part of a strategic collaboration with the energy technology company to advance the development and commercialization of iron flow battery (IFB) energy storage systems. The company said in a statement that the strategic collaboration brings together Honeywell (NYSE:HON)'s experience in advanced materials and energy systems with ESS' patented IFB design with the aim of tapping into growing global demand for long-duration energy storage solutions.
ESS Tech, Inc. (NYSE:GWH ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Erik Bylin - Head-Investor Relations Eric Dresselhuys - Chief Executive Officer Tony Rabb - Chief Financial Officer Conference Call Participants Thomas Boyes - TD Cowen Colin Rusch - Oppenheimer Corinne Blanchard - Deutsche Bank Davis Sunderland - Baird Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in a listen-only mode.
What type of business is ESS Tech?
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.
What sector is ESS Tech in?
ESS Tech is in the Industrials sector
What industry is ESS Tech in?
ESS Tech is in the Electrical Equipment & Parts industry
What country is ESS Tech from?
ESS Tech is headquartered in United States
When did ESS Tech go public?
ESS Tech initial public offering (IPO) was on 04 January 2021
What is ESS Tech website?
https://essinc.com
Is ESS Tech in the S&P 500?
No, ESS Tech is not included in the S&P 500 index
Is ESS Tech in the NASDAQ 100?
No, ESS Tech is not included in the NASDAQ 100 index
Is ESS Tech in the Dow Jones?
No, ESS Tech is not included in the Dow Jones index
When was ESS Tech the previous earnings report?
No data
When does ESS Tech earnings report?
The next expected earnings date for ESS Tech is 13 November 2024