Iron-Flow Battery Revolution: ESS Tech’s Stock Soars on Major SRP Deal – Analysts Weigh In
ESS Tech (NYSE: GWH) shares jumped about 175% pre-market on Oct. 10 after announcing a 5 MW/50 MWh, 10-year pilot project with Arizona’s Salt River Project. The company, which makes iron-based flow batteries for utilities, traded at $1.72/share as of Oct. 9 with a $26 million market cap. Wall Street rates GWH as Hold, with a $2.67 average target. 2024 revenue was roughly $6.3 million.