Roth Capital analyst Justin Clare lowered the firm’s price target on ESS Tech (GWH) to $2.50 from $3 and keeps a Neutral rating on the shares. The company delivered a Q1 miss as it is moderating activity in the first half of 2025 to manage the cash burn, the analyst tells investors in a research note. While ESS Tech was recently awarded a 50 MWh Energy Base project in Arizona, near-term execution will depend on its ability to raise incremental capital, the firm added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GWH:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue