ADS-TEC Energy FY2024 EPS Forecast Raised by Edison Inv. Res

ADS-TEC Energy PLC (NASDAQ:ADSE) – Research analysts at Edison Inv. Res boosted their FY2024 earnings per share estimates for shares of ADS-TEC Energy in a report released on Thursday, March 27th. Edison Inv. Res analyst D. Larkam now anticipates that the company will post earnings of ($0.02) per share for the year, up from their previous forecast of ($0.03). The consensus estimate for ADS-TEC Energy’s current full-year earnings is ($0.68) per share. Edison Inv. Res also issued estimates for ADS-TEC Energy’s FY2025 earnings at $0.19 EPS.

Separately, Roth Capital raised ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th.

ADS-TEC Energy Trading Down 0.1 %

Shares of ADS-TEC Energy stock opened at $14.98 on Monday. The business’s 50 day moving average price is $14.83 and its 200 day moving average price is $14.17. ADS-TEC Energy has a one year low of $9.92 and a one year high of $16.35.

Institutional Trading of ADS-TEC Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in ADSE. JPMorgan Chase & Co. lifted its holdings in ADS-TEC Energy by 132.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock valued at $32,000 after acquiring an additional 1,185 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of ADS-TEC Energy in the 4th quarter valued at $53,000. GAMMA Investing LLC purchased a new position in shares of ADS-TEC Energy during the 4th quarter worth $69,000. Renaissance Technologies LLC acquired a new stake in shares of ADS-TEC Energy during the 4th quarter worth about $313,000. Finally, Geode Capital Management LLC increased its position in shares of ADS-TEC Energy by 15.0% during the 3rd quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock worth $425,000 after purchasing an additional 4,154 shares during the last quarter. Institutional investors and hedge funds own 51.65% of the company’s stock.

ADS-TEC Energy Company Profile

ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.