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Why ESS Tech Stock Slumped More Than 11% in November

Why ESS Tech Stock Slumped More Than 11% in November

ESS Tech (NYSE: GWH) has taken its investors on a roller-coaster ride over the past couple of months. The battery storage company completed its business combination with special purpose acquisition company (SPAC) ACON S2 Acquisition Corp. on Oct. 11, becoming the first publicly traded U.S. long-duration storage company. Shares skyrocketed immediately following the business combination, rising over 70% by the end of October.