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Benzinga

Business

Akanksha Bakshi

Guggenheim Is Bullish On ESS Tech, Sees Significant Upside

ESS Guggenheim GWH NYSE

ESS Tech Inc (NYSE:GWH) coverage has been initiated with a Buy rating and a price target of $10 (implying an upside of 82.5%) by Guggenheim analyst Joseph Osha.
The analyst cites ESS as one of a large group of companies over the past two decades aiming to make flow batteries work commercially. Osha views ESS Tech as well-positioned.
ESS Tech is a manufacturer of long-duration batteries for commercial and utility-scale energy storage applications.
Price Action: GWH shares are trading higher by 4.58% at $5.48 on the last check Tuesday.

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