ESS Tech, Inc. is a long-duration energy storage company specializing in iron flow battery technology. Co. designs and produces long-duration batteries using earth-abundant materials. Its batteries provide flexibility to grid operators and energy assurance for commercial and industrial customers. Its technology addresses energy delivery, duration, and cycle-life in a single battery platform that compares favorably to lithium-ion batteries. Using its iron flow battery technology, the Co. is developing two products, such as Energy Warehouse and Energy Center. The Energy Warehouse that offers energy storage ranging from six to twelve-hour duration. We show 15 historical shares outstanding datapoints in our GWH shares outstanding history coverage, used to compute GWH market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GWH market cap history over the course of time is important for investors
interested in comparing GWH's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of GWH versus a peer is one thing; comparing
GWH market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like GWH can fluctuate over the course of history.
With this page we aim to empower investors researching GWH by allowing them to research the GWH market cap history. |
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Video: The Importance of Market Cap
