ESS Tech Sees 2026 Revenue Slashed to $2.1M; Utility Validates Iron Flow Battery
GWH•ESS Tech’s Q1 2026 revenue is forecast at $0.40M with EPS of –$0.29, while full-year revenue estimates have been slashed to $2.10M with EPS at –$1.00. A third-party utility has validated ESS Tech’s iron flow battery technology, reinforcing its commercial prospects.
1. Q1 2026 Earnings Estimates Preview
ESS Tech is scheduled to report Q1 results on May 7, with consensus revenue pegged at $0.40M and earnings per share estimated at –$0.29, reflecting ongoing scale-up costs in iron flow battery production.
2. Full-Year Estimate Revisions
Over the past 90 days, full-year 2026 revenue projections plunged from $5.90M to $2.10M, and EPS forecasts worsened from –$0.68 to –$1.00; 2027 revenue estimates also fell from $39.60M to $30.00M with EPS down to –$0.68.
3. Third-Party Utility Validation
A major utility completed field testing of ESS Tech’s iron flow battery, confirming design specifications, cycle stability and performance metrics that support potential commercial deployment agreements.
4. Analyst Price Targets and Ratings
One analyst’s one-year target price of $2.50 implies 118% upside from current levels; the GF Value estimate of $1.48 suggests 29% upside, while the average brokerage recommendation stands at ’Outperform.’
