Edison Inv. Res Predicts Higher Earnings for ADS-TEC Energy

ADS-TEC Energy PLC (NASDAQ:ADSE) – Investment analysts at Edison Inv. Res increased their FY2024 earnings per share estimates for ADS-TEC Energy in a research note issued on Thursday, March 27th. Edison Inv. Res analyst D. Larkam now anticipates that the company will post earnings per share of ($0.02) for the year, up from their previous 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 ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th.

ADS-TEC Energy Stock Performance

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

Institutional Investors Weigh In On ADS-TEC Energy

A number of institutional investors have recently added to or reduced their stakes in ADSE. Robert Bosch GmbH purchased a new position in ADS-TEC Energy during the fourth quarter valued at $162,273,000. Mirabella Financial Services LLP boosted its holdings in 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 worth $171,663,000 after buying an additional 10,385,428 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in ADS-TEC Energy during the 4th quarter worth approximately $621,000. Renaissance Technologies LLC acquired a new position in shares of ADS-TEC Energy during the fourth quarter valued at approximately $313,000. Finally, GAMMA Investing LLC purchased a new position in shares of ADS-TEC Energy in the fourth quarter valued at approximately $69,000. Institutional investors and hedge funds own 51.65% of the company’s stock.

About ADS-TEC Energy

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.