As of August 2026, ESS Tech Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
ESS Tech Inc. Stock Analysis GWH
United States Industrials Nano Cap
ESS Tech, Inc. is a long-duration energy storage company, which specializes in iron flow battery technology. The company is headquartered in Wilsonville, Oregon and currently employs 62 full-time employees. The company went IPO on 2020-11-10. The firm 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 Company is developing two products, such as the Energy Warehouse and Energy Center. Energy Center solutions are designed specifically for utilities, independent power producers (IPPs), and large commercial and industrial consumers. The Company’s batteries are non-flammable and non-toxic and can operate in a wide range of temperatures from -15 degrees Celsius (C) to 50 degrees C with minimal auxiliary loads.
ESS Tech Inc (GWH) Chart
Financial Metrics & Statements of ESS Tech Inc (GWH)
FAQ's for ESS Tech Inc (GWH)
As of August 2026, ESS Tech Inc GWH is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes ESS Tech Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in ESS Tech Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of ESS Tech Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of ESS Tech Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of ESS Tech Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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