Oppenheimer Sees Huge Upside In ESS Tech

December 3, 2021 6:52 AM | 1 min read | Make a Comment

Oppenheimer analyst Colin Rusch initiated ESS Tech Inc GWH with an Outperform rating and a price target of $28, implying an upside of 76.66%
The analyst says ESS is leveraging its proprietary iron flow battery technology platform into structural cost and performance advantages for stationary storage applications.
Rusch adds that long-duration energy storage has a "crucial role to play" in enabling the migration of the global economy toward a zero-emissions future. The company's solutions provide critical power solutions with advantaged economics.
Recently, Canaccord analyst Jed Dorsheimer initiated ESS Tech with a Buy rating and a price target of $18.50, implying an upside of 16.72%.
Price Action: GWH shares are trading higher by 2.59% at $16.22 during the premarket session on Friday.