ESS Tech Inc (GWH)
NYSEIndustrialsElectrical Equipment & PartsSnapshot 2026-10-29
$0.06-14.29%
Close 2026-10-26 · 1-day change
NYSEIndustrialsElectrical Equipment & PartsSnapshot 2026-10-29
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Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Electrical Components & Equipment is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — address NYSE delisting risk: Delisting proceedings commenced Oct 2026 vs target regain by end 2026.
View ThesisRevenue is contracting — down about 119% over the past year.
View GrowthManagement screens weak on capital allocation, earnings delivery, margins, market reaction to earnings.
View ManagementExpectations look high — what the market is pricing in runs ahead of what analysts forecast.
View ValuationThis stock is highly volatile — it swings about 5% on a typical day and fell roughly 99% in its worst 12-month stretch.
View RiskGWH’s case rests on a recovery, but its recent financial performance is weak. No revenue history or latest earnings result is available to support that case. GWH is unprofitable, and no valuation multiple or peer comparison is available. The price’s expectations cannot be assessed from the available desk data. The concrete risk is NYSE delisting proceedings, despite a year-end regain target. Our model puts the next-quarter miss probability at 70%. Our read remains on watch; this read is provisional.
Trailing returns as of 2026-10-26. GWH is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 1 analyst currently covering GWH (as of Oct 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| GWH Selected company | Graph | Compare | Trend | Review | |
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Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 0 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Electrical Components & Equipment — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put GWH next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Advance strategic business combination with private energy company
Dilution may hinder strategic business combination efforts.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-26. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Advances: Advance strategic business combination with private energy company
Funding supports strategic business combination efforts.
Advances: Advance strategic business combination with private energy company
Funding supports strategic business combination efforts.
Advances: Achieve revenue growth
Strategic pivot supports revenue growth through innovation.
Threatens: Achieve revenue growth
Softer results and lower price target indicate revenue growth concerns.