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ESS Tech’s Shares Skyrocket Following Salt River Project Partnership

Jack KelloggAvatar
Written by Jack Kellogg Reviewed by Tim Sykes Fact-checked by Ellis Hobbs
Updated 10/11/2025, 9:19 am ET | 6 min
ESS Tech’s Shares Skyrocket Following Salt River Project Partnership Thumbnail

In this article Last trade Oct, 30 7:44 PM

  • GWH-8.05%
    GWH - NYSEESS Tech Inc.
    $4.05-0.35 (-8.05%)
    Volume:  595509
    Float:  9.38M
    $4.00Day Low/High$4.44

ESS Tech Inc.’s stocks have been trading up by 120.93 percent amid positive sentiment from a major innovative breakthrough.

Industrials industry expert:

Analyst sentiment – positive

Market Position & Fundamentals: <> (GWH) is currently facing significant financial challenges, reflected by its poor profitability ratios, such as an EBIT margin of -1255.6% and a pretax profit margin of -2828%. Despite generating revenue of $6,295,000, the company’s substantial operating losses and high leverage ratio of 12 indicate a precarious financial position. Notably, the enterprise value stands at $44,900,000 but is offset by weak asset turnover of 0.1 and a burdensome current ratio of 0.5, suggesting liquidity constraints. The company’s negative free cash flow and declining shareholders’ equity, exacerbated by accumulated deficits, highlight sustainability concerns.

Technical Analysis & Trading Strategy: Recent price patterns for GWH show significant volatility, with exceptional highs and lows, particularly evidenced on the day when prices surged from a low of $1.72 to a high of $2.62 and later to $3.80. The surge indicates a bullish reversal sentiment driven by the catalyst of a new pilot project announcement. However, looking at the overall trend, the initial decline in prices suggests a bearish undertone still weighs on GWH. For traders, entering positions above the $2.50 level, with close monitoring of a potential retreat toward the $1.80 support level, should guide actions in the short to medium term. Volume spikes align with news releases, indicating heightened investor interest potentially signaling price consolidation.

Catalysts & Outlook: GWH’s recent announcements, particularly the 10-year supply deal with Salt River Project and the subsequent stock upgrade by Roth Capital, present substantial positive catalysts for future performance. These developments underpin a renewed investor sentiment and have directly influenced a remarkable share price upsurge exceeding 129%. The involvement of key partners like Google further underscores the strategic significance of their new 50 MWh long-duration energy storage system. This positions GWH potentially favorably against industry peers within the Industrials sector. Despite current financial struggles, the strategic initiatives and external validations could instigate an upward trajectory, targeting a key resistance level at $3.50, as cited in analyst upgrades.

  • The strategic supply deal, spanning 10 years, aims to enhance battery technology and meet SRP’s sustainability goals. This partnership positions ESS Tech as a potential leader in non-lithium solutions, as it leverages iron flow battery technology.

  • Roth Capital upgraded their rating for ESS Tech, moving from Neutral to Buy, and increased the price target significantly from $1.65 to $3.50, partly due to the new energy storage project with Salt River Project and additional funding from Google.

Candlestick Chart

Weekly Update Oct 06 – Oct 10, 2025: On Saturday, October 11, 2025 ESS Tech Inc. stock [NYSE: GWH] is trending up by 120.93%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

The recent financial data presents a noticeable upheaval in ESS Tech’s stock performance. From a low of $1.72 on October 9, 2025, the stock climbed remarkably to close at $3.80 on October 10, following these pivotal announcements. This significant rise underscores the market’s optimistic response to the strategic agreements and innovations.

ESS Tech’s current financial metrics reveal some areas of concern yet also incredible opportunity. Their gross margin stands at a negative -629.6%, indicating the company’s struggle with high production costs relative to its revenues, which totaled $6.29 million. Despite this, the initiatives undertaken, notably the partnership with Salt River, hold potential for future profitability and market expansion.

More Breaking News

Additionally, ESS Tech’s leverage is notable, with a total debt-to-equity ratio of 0.26, reflecting conservative financial management amid their growth strategies. Their punctuated cash flow changes, such as the significant $7.87 million decline, point to active investments, notably in developing and advancing their unique battery technology.

Conclusion

Overall, ESS Tech’s forward momentum appears robust following these announcements. While the company grapples with challenging financial ratios and negative profitability margins, the strong alliances and renewed trader confidence point towards a promising horizon. As the global push for sustainable energy initiatives accelerates, ESS Tech’s innovative solutions position it as a potential frontrunner in long-duration, non-lithium energy storage solutions.

ESS Tech’s bold steps, evidenced by its recent strategic partnerships and upgrades, culminate in a positive market response. Their approach to partnership and innovation creates a foundation for potential market leadership. As millionaire penny stock trader and teacher Tim Sykes says, “Be patient, don’t force trades, and let the perfect setups come to you.” Future financial performance will likely be influenced by the successful execution of these initiatives and the realization of anticipated technological benefits.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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Jack Kellogg

He teaches webinars on Tim Sykes’ Trading Challenge He became Tim’s youngest millionaire student in 2020. Now he’s second on the Trading Challenge leaderboard with $12.9 million in career earnings. He’s a master of the 7-Step Pennystocking Framework. Jack is one of a rare breed of traders to profitably trade the entire penny stock framework.
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In this article (YTD Performance)

  • GWH-29.76%
    GWH - NYSEESS Tech Inc.
    $4.05-0.35 (-8.05%)
    Volume:  595509
    Float:  9.38M
    $4.00Day Low/High$4.44

* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”

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