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ESS Tech ( (GWH) ) just unveiled an update.
On October 14, 2025, ESS Tech, Inc. announced the closing of a $40 million financing transaction with YA II PN, Ltd., managed by Yorkville Advisors Global, L.P. This financing, structured as a one-year promissory note, strengthens ESS’s cash position and supports its strategic pivot to U.S.-manufactured energy solutions. The transaction reflects ESS’s continued momentum, following significant customer agreements and projects, such as the 50 MWh New Horizon project for Salt River Project. With this funding, ESS is well-positioned to focus on executing existing commitments and securing new contracts for its long-duration energy storage solutions.
The most recent analyst rating on (GWH) stock is a Hold with a $9.00 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.
ESS Tech’s overall stock score is primarily impacted by its weak financial performance, characterized by persistent losses and liquidity challenges. While technical indicators suggest potential upward momentum, the high RSI indicates caution. The earnings call provided some positive insights into cost reductions and new product launches, but valuation concerns and revenue uncertainties remain significant hurdles.
To see Spark’s full report on GWH stock, click here.
More about ESS Tech
ESS Tech, Inc. is a leading manufacturer of iron flow long-duration energy storage systems designed for commercial and utility-scale applications. Established in 2011, the company focuses on providing safe, sustainable, and reliable energy storage solutions using earth-abundant materials like iron, salt, and water. ESS aims to ensure energy abundance and security, catering to project developers, independent power producers, utilities, and large energy users worldwide.
Average Trading Volume: 7,398,711
Technical Sentiment Signal: Hold
Current Market Cap: $66.65M
See more insights into GWH stock on TipRanks’ Stock Analysis page.