ADS-TEC Energy FY2024 EPS Estimate Lifted by Edison Inv. Res

ADS-TEC Energy PLC (NASDAQ:ADSE) – Equities researchers at Edison Inv. Res raised their FY2024 earnings per share estimates for ADS-TEC Energy in a report issued 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 prior estimate 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 upgraded shares of ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th.

ADS-TEC Energy Stock Down 5.0 %

Shares of NASDAQ ADSE opened at $14.25 on Monday. The stock has a fifty day moving average price of $14.79 and a 200 day moving average price of $14.19. ADS-TEC Energy has a 1-year low of $9.92 and a 1-year high of $16.35.

Hedge Funds Weigh In On ADS-TEC Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirabella Financial Services LLP lifted its holdings in shares of ADS-TEC Energy by 1,521.8% in the 4th quarter. Mirabella Financial Services LLP now owns 11,067,883 shares of the company’s stock valued at $171,663,000 after buying an additional 10,385,428 shares during the period. Robert Bosch GmbH acquired a new stake in ADS-TEC Energy in the fourth quarter valued at $162,273,000. Raymond James Financial Inc. purchased a new stake in shares of ADS-TEC Energy during the 4th quarter worth $621,000. Geode Capital Management LLC grew its stake in shares of ADS-TEC Energy by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 35,572 shares of the company’s stock worth $552,000 after purchasing an additional 3,771 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of ADS-TEC Energy in the 4th quarter valued at about $313,000. 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.