ESS Tech Q4 revenue falls

ESS Tech

05/03/2026 21:18

Overview

Energy storage firm's Q4 revenue fell

Company acquired VoltStorage assets to enhance commercial capabilities

Improved liquidity with $40 mln financing and $8.6 mln equity offering

Outlook

ESS Tech expects increased commercial activity over the next several years

Improved liquidity supports execution and momentum

Result Drivers

COMMERCIAL MOMENTUM - $9.9 mln award for deployment at U.S. military installations and Google's involvement in Project New Horizon

Company press release: ID:nBw742lpta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Basic EPS
-$1.20
Q4 Operating Expenses
$8.19 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

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 $3.50, about 143.1% above its March 4 closing price of $1.44

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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.)