ESS Tech (NYSE:GWH – Get Free Report) and SKYX Platforms (NASDAQ:SKYX – Get Free Report) are both small-cap industrials companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, valuation, institutional ownership, dividends, analyst recommendations, risk and earnings.
Analyst Recommendations
This is a summary of current ratings and target prices for ESS Tech and SKYX Platforms, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| ESS Tech | 1 | 0 | 1 | 0 | 2.00 |
| SKYX Platforms | 1 | 0 | 3 | 1 | 2.80 |
ESS Tech presently has a consensus target price of $2.00, suggesting a potential upside of 1,176.32%. SKYX Platforms has a consensus target price of $4.67, suggesting a potential upside of 300.57%. Given ESS Tech’s higher probable upside, equities research analysts clearly believe ESS Tech is more favorable than SKYX Platforms.
Risk & Volatility
Earnings and Valuation
This table compares ESS Tech and SKYX Platforms”s gross revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| ESS Tech | $1.58 million | 3.27 | -$63.44 million | ($2.93) | -0.05 |
| SKYX Platforms | $92.01 million | 1.71 | -$33.42 million | ($0.27) | -4.31 |
SKYX Platforms has higher revenue and earnings than ESS Tech. SKYX Platforms is trading at a lower price-to-earnings ratio than ESS Tech, indicating that it is currently the more affordable of the two stocks.
Profitability
This table compares ESS Tech and SKYX Platforms’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| ESS Tech | N/A | -1,934.84% | -156.40% |
| SKYX Platforms | -34.34% | N/A | -49.28% |
Insider & Institutional Ownership
46.8% of ESS Tech shares are owned by institutional investors. Comparatively, 11.8% of SKYX Platforms shares are owned by institutional investors. 0.7% of ESS Tech shares are owned by company insiders. Comparatively, 24.2% of SKYX Platforms shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Summary
SKYX Platforms beats ESS Tech on 9 of the 15 factors compared between the two stocks.
About ESS Tech
ESS Tech, Inc., an energy storage company, designs and produces iron flow batteries for commercial and utility-scale energy storage applications worldwide. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; and Energy Center, a front-of-the-meter solution. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.
About SKYX Platforms
SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company’s first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling’s electrical outlet box. It also provides universal power-plugs and receptacle products. In addition, it offers smart products, such as SkyHome App; sky smart universal power-plug and receptacle; sky-smart plug and play ceiling fans and lightings; and all-in-one smart sky platform. The company was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. SKYX Platforms Corp. was incorporated in 2004 and is based in Pompano Beach, Florida.
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