ESS Tech Inc (GWH)
NYSEIndustrialsElectrical Equipment & PartsSnapshot 2026-11-05
$0.05-18.46%
Close 2026-11-03 · 1-day change
NYSEIndustrialsElectrical Equipment & PartsSnapshot 2026-11-05
QuarterlyIQ Insights · GWH
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 18.3% |
| Our one-year growth estimate | diamond | -60.0% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 78.3 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Elevated risk of a next-quarter earnings miss: this name is a smaller-cap name (higher miss base rate) and has been missing across recent quarters. A fundamental tilt, not a price call.
Model as of 2026-11-05 · Compared with 17 industry peers
GWH — legal / regulatory event — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standar…
Dated 2026-10-05
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On October 2, 2026, the New York Stock Exchange (the “NYSE”) notified ESS Tech, Inc. (the “Company”) that the staff of NYSE Regulation (“NYSE Regulation”) had determined to commence proceedings to delist the Company’s common stock (the “Common Stock”) from the NYSE and that trading in the Common Stock was suspended immediately. NYSE Regulation reached its decision to commence delisting proceed…
Why it matters: ESS said its first Bridge module began charge and discharge tests. Passing tests would mark progress toward a working product.
Supportive ifESS reports that the first Bridge system completes charge and discharge tests and is operating by year-end 2026.
Worry ifESS reports failed tests or delays the first operating Bridge system past year-end 2026.
Why it matters: NYSE suspended trading and began delisting proceedings. A review result will show whether GWH can keep its listing.
Watch forNYSE reverses the delisting decision or approves a path for GWH to keep its NYSE listing.
Also watch forNYSE upholds delisting, and GWH moves to another market or loses its listing.
Why it matters: The current letter is non-binding. A signed deal would set firm terms for the proposed combination.
Watch forESS announces a final deal with the private energy company. It gives the terms for ESS shareholders.
Also watch forESS says talks have ended, or does not announce a final deal in its next quarterly update.
Why it matters: Q2 revenue fell from $2.4 million a year earlier. Higher sales would show that ESS is moving beyond early development.
Supportive ifOn November 12, ESS reports Q3 revenue above $73,000. It names the customer deliveries that drove the increase.
Worry ifOn November 12, ESS reports Q3 revenue at or below $73,000, or says it made no equipment deliveries.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$502 on $10,000 · ±5.0% | How much price usually moves either way. |
| Bad day | $1,342 loss on $10,000 · 13.4% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $9,898 loss on $10,000 · 99.0% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.