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Strength Seen in ESS Tech (GWH): Can Its 117.6% Jump Turn into More Strength?
ZACKSยท 2025-10-14 17:41
Company Overview - ESS Tech, Inc. (GWH) shares increased by 117.6% to $9.05 in the last trading session, with a notable trading volume and a total gain of 195% over the past four weeks, driven by proprietary iron flow battery technology and strong demand for long-duration energy storage solutions [1] - The company is expected to report a quarterly loss of $0.74 per share, reflecting a year-over-year change of +61.1%, while revenues are anticipated to reach $1.3 million, marking a significant increase of 261.1% from the previous year [2] Earnings Estimates and Stock Performance - The consensus EPS estimate for ESS Tech has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] Industry Comparison - ESS Tech operates within the Zacks Electronics - Miscellaneous Products industry, where another company, Mistras (MG), closed the last trading session at $9.53, reflecting a 1.5% increase, although MG has returned -1% over the past month [3] - Mistras' consensus EPS estimate for the upcoming report is $0.26, representing a year-over-year change of +30%, and it also holds a Zacks Rank of 3 (Hold) [4]