GWH (ESS Tech) Momentum Rank : 2 (As of Dec. 12, 2024)

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What is ESS Tech Momentum Rank?

ESS Tech has the Momentum Rank of 2.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of ESS Tech's Momentum Rank

For the Electrical Equipment & Parts subindustry, ESS Tech's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ESS Tech's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ESS Tech's Momentum Rank distribution charts can be found below:

* The bar in red indicates where ESS Tech's Momentum Rank falls into.

ESS Tech Momentum Rank Related Terms

Thank you for viewing the detailed overview of ESS Tech's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

ESS Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ESS Tech Inc (NYSE:GWH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GWH.WS:USA

Address

26440 SW Parkway Avenue, Building 83, Wilsonville, OR, USA, 97070

Website

https://www.essinc.com

ESS Tech Inc is a long-duration energy storage company specializing in iron flow battery technology. The company design and produce long-duration batteries predominantly using earth-abundant materials.

Executives

Eric P. Dresselhuys	director, officer: Chief Executive Officer	555 BROADWAY STREET, REDWOOD CITY CA 94063
Sandeep Nijhawan	director	ESS TECH, INC., 26440 SW PARKWAY AVE., BLDG 83, WILSONVILLE OR 97070
Kyle Teamey	director	C/O ESS TECH INC, 26440 SW PARKWAY AVE BLDG. 83, WILSONVILLE OR 97070
Harry Quarls	director	14701 ST. MARY'S LANE, SUITE 275, HOUSTON TX 77079
Rich Hossfeld	director	C/O ESS TECH INC, 26440 SW PARKWAY AVE BLDG. 83, WILSONVILLE OR 97070
Honeywell International Inc	10 percent owner	855 S. MINT STREET, CHARLOTTE NC 28202
Michael R Niggli	director	101 ASH STREET HQ18, SAN DIEGO CA 92101
Craig E Evans	director, officer: President	C/O ESS TECH INC, 26440 SW PARKWAY AVE BLDG. 83, WILSONVILLE OR 97070
Anthony Rabb	officer: Chief Financial Officer	C/O ESS TECH, INC., 26440 SW PARKWAY AVE., BLDG 83, WILSONVILLE OR 97070
Amir Moftakhar	officer: Chief Financial Officer	C/O ESS TECH INC, 26440 SW PARKWAY AVE BLDG. 83, WILSONVILLE OR 97070
Claudia Gast	director	C/O GLOBAL TECHNOLOGY ACQUISITION CORP I, 19 WEST 24TH STREET, 10TH FLOOR, NEW YORK NY 10010
Jeff Bodner	officer: Chief Accounting Officer	C/O ESS TECH INC, 26440 SW PARKWAY AVE BLDG. 83, WILSONVILLE CA 97070
Breakthrough Energy Investments Llc	10 percent owner	250 SUMMER STREET, 4TH FLOOR, BOSTON MA 02210
Julia Song	officer: Chief Technology Officer	C/O ESS TECH INC, 26440 SW PARKWAY AVE BLDG. 83, WILSONVILLE OR 97070
Shirley Speakman	director	C/O ESS TECH INC, 26440 SW PARKWAY AVE BLDG. 83, WILSONVILLE OR 97070