ESS Tech (GWH) Drops: The Portfolio Started To Trade At NYSE

If we take a look at the chart for the last 5 days, we can see that the stock was trading at $8.50 almost without any changes until it sharply jumped to $28.03 on October 12, which can be considered as the highest one. After this peak, it declined and reached $23.52 for today. Yesterday, ESS Tech made an announcement that the portfolio of the company started to trade New York Stock Exchange (NYSE) with the symbol GWH.

The company is mainly engaged in constructing, deploying, the clean system of the energy stores which have a low cost. The main goal of their stores is to provide a sustainable future of energy. The company had launched to the market its flow battery which is based on iron, which is examined as the eco-friendly and long-term solution in order to save energy for the fracture of renewable energy which is growing very quickly. The total volume of shares is close to 68,997,419.