Oct. 11, 2025 at 9:49 AM ET5 min read

ESS Tech Stock Soars on Strategic Collaborations and Upgrades

Tim BohenAvatar
Written by Tim Bohen Reviewed by Ben Sturgill Fact-checked by Ellis Hobbs

ESS Tech Inc. stocks have been trading up by 120.93 percent, reflecting strong market confidence and growth.

Key Highlights

  • The announcement of a 10-year agreement with Salt River Project aims to enhance energy storage with a 5MW/50MWh iron flow battery system, boosting share prices by over 129%.

Industrials industry expert:

Analyst sentiment – positive

Market Position & Fundamentals: GWH is currently experiencing challenging market conditions, as evidenced by its highly negative profitability ratios, such as an EBIT margin of -1255.6% and a gross margin of -629.6%. The company’s revenue stands at approximately $6.3 million, which translates to a low revenue per share of $0.44. With a price-to-sales ratio of 3.96 and a troubling price-to-book value of 7.39, GWH’s valuation reflects investor skepticism. The cash flow from operations is deeply negative at -$12.4 million, suggesting significant inefficiencies and a reliance on financing activities to sustain operations. The financial strength indicators, with a high leverage ratio of 12, underscore the company’s precarious financial position, marked by negative return metrics (e.g., return on assets of -67.24%).

Technical Analysis & Trading Strategy: The weekly price chart for GWH reveals a volatile trading pattern with recent significant upticks. From an opening of $2.01 to a high of $4.28, followed by a closing price of $3.8, the stock showed bullish strength, particularly on October 10th. The significant volume spike and large price range on this date suggest strong buying interest, possibly due to recent corporate announcements. The dominant trend appears to be upward momentum post-news, with potential support at $2.35 and resistance around $4.00. A trading strategy could involve buying on dips towards $3.00 and setting a target close to the $4.00–$4.20 resistance area, while monitoring for sustained volume confirmation to support entry and exit points.

Catalysts & Outlook: Recent developments significantly bolster GWH’s outlook. The partnership with Salt River Project and Google’s involvement in the 50 MWh energy storage system marks a pivotal moment for the company. This initiative has driven a staggering share price increase, reflecting market optimism about long-duration, non-lithium energy storage solutions. The strategic upgrade by Roth Capital, elevating GWH’s price target to $3.50, further reinforces this positive trajectory. When compared to industry benchmarks, GWH exhibits strong momentum, albeit on a risky financial base. Despite immediate optimism, long-term viability will depend on successful project execution and sustained financial improvement. Nonetheless, current technical and fundamental factors justify a positive short-term sentiment, contingent on achieving project milestones and maintaining investor confidence.

  • Following this deal, Roth Capital responded positively by upgrading the company’s status to a ‘Buy’, doubling the price target to $3.50, further catalyzing investor confidence.

  • The collaboration involving Google as a partial funder underscores external validation and support for ESS’s innovative approach to non-lithium energy storage solutions.

Candlestick Chart

More Breaking News

Weekly Update Oct 06 – Oct 10, 2025: On Saturday, October 11, 2025 ESS Tech Inc. stock [NYSE: GWH] is trending up by 120.93%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

ESS Tech’s financial landscape presents a challenging yet interesting narrative. At the heart of its current rally is the newly inked agreement with Salt River Project, which validates its commitment to advancing non-lithium, long-duration energy storage solutions. This deal not only introduces a significant push in grid reliability but provides a promising avenue for future financial stabilization. Seeing the company’s stock rallying by as much as 141% captures the market’s optimism.

Financial metrics for ESS Tech, however, reveal deeper complexities. With a revenue standing at $6.29M and a price-to-sales ratio of 3.96, the company is poised at a valuation crossroads that demands sharper execution of its strategic initiatives. Despite this burgeoning opportunity, ESS Tech contends with negative profitability ratios, with ebitmargin at an uncomfortable –1255.6%. But the renewed investor interest driven by partnerships such as those with Google provides a hopeful runway for overcoming these operational challenges.

On the stock front, the recent movements paint a picture of volatility interspersed with opportunity. The GWH stock recently soared from $1.78 to $3.80, showcasing robust upward momentum likely energized by the positive news flow. That said, GWH’s financials still reflect an air of caution with an asset turnover lingering at 0.1, which implies an underutilized asset base. Yet, as capital infusion via strategic partnerships begins to drive operational efficiency, there’s an expectation for metrics to improve, reflecting better profitability prospects.

This is stock news, not investment advice. StocksToTrade News delivers real-time stock market updates tailored to highlight the key catalysts driving short-term price movements. Our coverage is designed for active traders and investors who thrive in fast-moving markets, with a focus on volatile sectors like penny stocks, AI stocks, Robinhood stocks and other momentum plays. From earnings reports and FDA approvals to mergers, new contracts, and unusual trading volume, we break down the events that can spark significant price action.

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