FY2024 EPS Estimates for ADS-TEC Energy Cut by Roth Capital

ADS-TEC Energy PLC (NASDAQ:ADSE) – Analysts at Roth Capital decreased their FY2024 earnings per share estimates for shares of ADS-TEC Energy in a research report issued on Wednesday, February 19th. Roth Capital analyst C. Irwin now expects that the company will earn ($1.33) per share for the year, down from their previous forecast of ($0.11). Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for ADS-TEC Energy’s current full-year earnings is ($0.68) per share. Roth Capital also issued estimates for ADS-TEC Energy’s FY2025 earnings at ($0.32) EPS and FY2026 earnings at ($0.55) EPS.

ADS-TEC Energy Trading Up 0.7 %

ADSE opened at $14.92 on Monday. ADS-TEC Energy has a one year low of $8.41 and a one year high of $16.35. The business’s 50-day simple moving average is $15.06 and its 200-day simple moving average is $13.90.

Institutional Inflows and Outflows

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