ESS Tech, Inc.

NYSE:GWH Stock Report

Market Cap: US$64.8m

ESS Tech Management

Management criteria checks 3/4

ESS Tech's CEO is Eric Dresselhuys, appointed in Mar 2021, has a tenure of 3.92 years. total yearly compensation is $2.13M, comprised of 21.8% salary and 78.2% bonuses, including company stock and options. directly owns 1.52% of the company’s shares, worth $984.16K. The average tenure of the management team and the board of directors is 3.5 years and 3.5 years respectively.

Key information

Eric Dresselhuys

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage21.8%
CEO tenure3.9yrs
CEO ownership1.5%
Management average tenure3.5yrs
Board average tenure3.5yrs

Recent management updates

Recent updates

ESS Tech Is A High-Risk Investment That May Reward A Patient Investor

Nov 19

Here's Why We're Watching ESS Tech's (NYSE:GWH) Cash Burn Situation

Jun 26
Here's Why We're Watching ESS Tech's (NYSE:GWH) Cash Burn Situation

A Look At The Intrinsic Value Of ESS Tech, Inc. (NYSE:GWH)

May 03
A Look At The Intrinsic Value Of ESS Tech, Inc. (NYSE:GWH)

Is ESS Tech, Inc. (NYSE:GWH) Potentially Undervalued?

Mar 15
Is ESS Tech, Inc. (NYSE:GWH) Potentially Undervalued?

ESS Tech: The Honeywell Honeymoon Was Brief

Feb 12

Is ESS Tech (NYSE:GWH) In A Good Position To Deliver On Growth Plans?

Feb 08
Is ESS Tech (NYSE:GWH) In A Good Position To Deliver On Growth Plans?

ESS Tech: Flush With Cash As Solar And Wind Energy Booms

Dec 11

Is ESS Tech (NYSE:GWH) In A Good Position To Invest In Growth?

Nov 10
Is ESS Tech (NYSE:GWH) In A Good Position To Invest In Growth?

ESS Tech Levels Up

Sep 27

ESS Tech: Without More Transparency, Investors Left In A Lurch

Jul 10

ESS Tech: A Very Big Battery In Germany

Jun 21

ESS to fend off lawsuit stemming from Grizzly Research report

Jan 16

ESS Tech: Q4 2022 Estimate And Questions For Management

Dec 18

ESS Tech: Darling Of The Shorts Or Storage Panacea

Dec 09

ESS Tech: Long-Duration Energy Storage Will Supercharge The Transition To Renewables

Sep 28

ESS Tech names Vince Canino as operating chief

Aug 26

ESS Tech: Speculative Buy As Green Energy Needs Storage To Be More Viable

Jan 13

ESS Tech: The Blue Sky Energy Opportunity

Oct 14

CEO Compensation Analysis

How has Eric Dresselhuys's remuneration changed compared to ESS Tech's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$79m

Jun 30 2024n/an/a

-US$73m

Mar 31 2024n/an/a

-US$74m

Dec 31 2023US$2mUS$465k

-US$78m

Sep 30 2023n/an/a

-US$87m

Jun 30 2023n/an/a

-US$102m

Mar 31 2023n/an/a

-US$94m

Dec 31 2022US$4mUS$462k

-US$78m

Sep 30 2022n/an/a

-US$233m

Jun 30 2022n/an/a

-US$253m

Mar 31 2022n/an/a

-US$328m

Dec 31 2021US$12mUS$321k

-US$477m

Compensation vs Market: Eric's total compensation ($USD2.13M) is above average for companies of similar size in the US market ($USD638.32K).

Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.

CEO

Eric Dresselhuys (59 yo)

3.9yrs

Tenure

US$2,129,043

Compensation

Mr. Eric P. Dresselhuys has been the Chief Executive Officer of ESS Tech, Inc. (formerly known as ESS Inc.) since March 2021 and serves as its Director since May 2021. Mr. Dresselhuys serves as a Member of...

Leadership Team

NamePositionTenureCompensationOwnership
Eric Dresselhuys
CEO & Director3.9yrsUS$2.13m1.52%
$ 984.2k
Anthony Rabb
Chief Financial Officer2.3yrsUS$852.26k0.10%
$ 64.6k
Brian Lisiecki
Chief Information Officer6.3yrsno datano data
Erik Bylin
Head of Investor Relationsno datano datano data
Kelly Goodman
Corporate Secretary & VP of Legalno datano datano data
Hugh McDermott
Senior Vice President of Sales & Business Development7.2yrsno datano data
Benjamin Heng
Executive Vice President of Engineering3.1yrsno datano data
Chris Montgomery
Senior Vice President of Supply Chain1.1yrsno datano data

3.5yrs

Average Tenure

Experienced Management: GWH's management team is considered experienced (3.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Eric Dresselhuys
CEO & Director3.8yrsUS$2.13m1.52%
$ 984.2k
Raffi Garabedian
Independent Director2.1yrsUS$213.76k0.11%
$ 68.9k
Michael Niggli
Lead Independent Director9.7yrsUS$229.15k1.17%
$ 760.7k
Kyle Teamey
Independent Director5.5yrsUS$210.57k0.099%
$ 63.8k
Harry Quarls
Chairman1.5yrsUS$491.07k0.17%
$ 109.0k
Alexi Wellman
Independent Director3.3yrsUS$219.98k0.097%
$ 63.1k
Richard Hossfeld
Independent Director5.3yrsUS$283.79k0.0070%
$ 4.5k
Sandeep Nijhawan
Independent Director1.8yrsUS$187.07k0.017%
$ 11.0k

3.5yrs

Average Tenure

55.5yo

Average Age

Experienced Board: GWH's board of directors are considered experienced (3.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 23:13
End of Day Share Price 2025/02/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ESS Tech, Inc. is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
George GianarikasBaird
Benjamin KalloBaird
Jonathan DorsheimerCanaccord Genuity