5 Best Green Energy Penny Stocks to Buy Now

3. ESS Tech, Inc. (NYSE:GWH)

Number of hedge fund holders: 10

ESS Tech, Inc. (NYSE:GWH) is an Oregon-based company that develops iron flow batteries for energy storage applications.

On June 15, ESS Tech, Inc. (NYSE:GWH) signed an agreement with the German clean energy company, LEAG. The companies agreed to establish renewable energy generation and long-duration energy storage with a 50/500 MWh iron flow battery system. The battery system will be built at Boxberg Power Plant and is expected to be commissioned by 2027.

ESS Tech, Inc. (NYSE:GWH) has been covered by six analysts in the last three months. Four analysts established a Buy or Overweight rating while two analysts maintain a Hold rating. The analysts’ average price target of $2.81 shows an over 91% upside to ESS Tech, Inc. (NYSE:GWH) stock price of $1.47 as of June 30.

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