September looms as a risk month for stocks, Yardeni says
ESS Tech, Inc. (NYSE:GWH), an energy storage company whose stock has declined nearly 75% year-to-date to $1.45, announced Friday that its 2025 annual meeting of stockholders will be held on October 6. According to InvestingPro analysis, the company, currently valued at $21.5 million, appears undervalued despite showing weak financial health indicators. The company stated that stockholder proposals for inclusion in the proxy materials must be received by September 8, in accordance with Rule 14a-8 under the Securities Exchange Act of 1934. For deeper insights into ESS Tech’s financial performance and future prospects, investors can access comprehensive analysis and 17 additional ProTips through InvestingPro’s detailed research reports.
According to a statement in the SEC filing, the deadline was set because the annual meeting is scheduled more than 25 days after the one-year anniversary of the 2024 annual meeting. Proposals received after September 8 will be considered untimely and will not be included in the proxy materials.
Stockholders who wish to submit proposals outside of Rule 14a-8 or make nominations for consideration at the meeting, but not for inclusion in the proxy materials, must also deliver notice to the company’s Secretary by 5:00 p.m. Pacific time on September 8. Any such submissions after this deadline will not be considered at the annual meeting.
The company noted that any adjournment, rescheduling, or postponement of the meeting will not extend or restart the deadline for submitting proposals or nominations.
This information is based on a press release statement included in the company’s Form 8-K filed with the Securities and Exchange Commission.
In other recent news, ESS Tech Inc. reported significant revenue growth for the second quarter of 2025, with a year-over-year increase of 294%, reaching $2.4 million. This substantial rise in revenue comes despite the company continuing to experience net losses. The strong financial performance has been attributed to strategic initiatives and operational improvements undertaken by the company. These developments have been well-received in the market, although specific stock price movements are not discussed here. The company’s recent earnings report highlights its efforts to enhance its financial standing and operational efficiency. Investors and analysts are closely monitoring ESS Tech’s progress, given the notable increase in revenue. There are no reports of any recent mergers or acquisitions involving ESS Tech. Analyst opinions on the company’s stock have not been specifically mentioned in the recent updates. However, the focus remains on ESS Tech’s financial performance and strategic direction.
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