ESS Tech: The Honeywell Honeymoon Was Brief [Seeking Alpha]
ESS Tech, Inc. (GWH)
Company Research
Source: Seeking Alpha
After a brief 43% stock spike, the honeymoon was over and the stock is trading at 95 cents, a decrease of 32% from the close before the Honeywell announcement. Almost immediately after making this investment Honeywell restructured. One wonders whether the deal would/could have been done post-restructuring. Despite a very brief honeymoon, Honeywell brings a lot to the table. GWH management has forecast a record-breaking 4Q - the first full quarter since Honeywell came aboard. Background ESS Tech Inc. ( NYSE: GWH ) went public via a SPAC merger in late 2021. The company's shareholders include Bill Gates' Breakthrough Energy Ventures and Softbank. Now, as mentioned above, these stalwarts are joined by Honeywell ( HON ) which has invested $27.5 million to purchase 16.5 million common shares on September 25, 2023. The main product offering is a grid-scale battery made from iron and salt water, which are much easier chemicals to obtain and are more environmentally friendly than
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GWH
News
- Gov. Youngkin invests $1.3 Million in ESS Technologies in Montgomery Co. [Yahoo! Finance]Yahoo! Finance
- ESS Inc. Schedules First Quarter 2024 Financial Results Conference CallBusiness Wire
- Global Advanced Batteries Market Report 2024: Historical Data from 2018-2022 and Forecasts to 2034 with Profiles of 310+ Companies - Key Kanufacturers, Developers, and Suppliers [Yahoo! Finance]Yahoo! Finance
- Is ESS Tech (NYSE:GWH) In A Good Position To Deliver On Growth Plans? [Yahoo! Finance]Yahoo! Finance
- Is There An Opportunity With ESS Tech, Inc.'s (NYSE:GWH) 29% Undervaluation? [Yahoo! Finance]Yahoo! Finance
GWH
Earnings
- 3/13/24 - Beat
GWH
Sec Filings
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- GWH's page on the SEC website