Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from ESS Tech ( (GWH) ) is now available.
On January 29, 2026, ESS Tech, Inc. entered into a securities purchase agreement with institutional investors for a registered direct offering of 3,471,428 shares of common stock and pre-funded warrants for 5,100,000 additional shares at approximately $1.75 per share or per warrant, with closing expected around January 30, 2026 and anticipated net proceeds of about $13.5 million to be used for general corporate purposes and working capital. The deal, arranged with Aegis Capital Corp. as exclusive placement agent, includes customary fees and expense reimbursement, a 60-day restriction on additional equity issuance or new registration statements (subject to limited exceptions), and standard warrant terms and ownership limits, underscoring ESS Tech’s continued reliance on equity-linked financing while temporarily constraining further capital-raising flexibility in the near term.
The most recent analyst rating on (GWH) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on ESS Tech stock, see the GWH Stock Forecast page.
Spark’s Take on GWH Stock
According to Spark, TipRanks’ AI Analyst, GWH is a Neutral.
Overall score is dragged down primarily by very weak financial performance (losses, negative cash flows, and negative equity) and bearish technicals (below key moving averages with negative MACD). The earnings call provides some offset via strategic progress and financing actions, but sharp revenue decline and ongoing losses keep risk elevated; valuation is also constrained by negative earnings and no dividend support.
To see Spark’s full report on GWH stock, click here.
More about ESS Tech
ESS Tech, Inc. is a publicly traded company that issues common stock and related securities under the U.S. Securities Act, accessing capital markets through registered offerings to fund its corporate and working capital needs.
Average Trading Volume: 567,346
Technical Sentiment Signal: Sell
Current Market Cap: $32.96M
Find detailed analytics on GWH stock on TipRanks’ Stock Analysis page.