Energy storage systems maker ESS Tech Q3 net loss narrows

ESS Tech

13/11/2025 21:40

Overview

ESS Tech Q3 net loss narrows, reflecting high operating expenses and gross loss

Company announces 50 MWh pilot project with Salt River Project

ESS secures $40 mln financing, plans $75 mln ATM program

Outlook

ESS Tech plans to launch a $75 mln ATM program for flexible capital access

Company focuses on executing Energy Base platform and scaling manufacturing in 2026

ESS Tech's future success to be measured by operational progress, not revenue

Result Drivers

PILOT PROJECT - ESS announced a 50 MWh Energy Base pilot project with Salt River Project, marking the first large-scale deployment of its next-generation platform

CAPITAL MANAGEMENT - ESS completed $40 mln financing and repaid $15 mln of promissory note, reflecting capital discipline

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Basic EPS
-$0.73
Q3 Gross Profit
-$4.73 mln
Q3 Operating Expenses
$5.09 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for ESS Tech Inc is $2.75, about 60% below its November 12 closing price of $4.40

Press Release: ID:nBw951zHa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)